Bay’ al-Salam and Istithne: implementation and challenges

• Main Authors: Mohamad, Azhar, Sifat, Imtiaz Mohammad, Hasmawati, Anisza, S.M. Qatei, Mo'min
• Format: Book
• Language: English; English; English
• Published: IIUM Press 2017
• Subjects: HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/67900/1/Bay%27%20al-Salam%20Istisna%20book%20manuscript%20for%20assessor%20evaluation.pdf; http://irep.iium.edu.my/67900/2/Bay%20al-Salam%20front%20cover.JPG; http://irep.iium.edu.my/67900/3/Bay%20al-Salam%20back%20cover.JPG; http://irep.iium.edu.my/67900/; http://iiumpress.iium.edu.my/bookshop
• Institution: Universiti Islam Antarabangsa Malaysia

The raison d’être in Bay’ al-Salam and IstithnÉ’ is to help the ummah in answering the basic question in economy – “How do we allocate resources from the rich to the poor?” In Bay’ al-Salam, the rich buyer pays the poor farmer (seller), in full, while the poor farmer agrees to deliver the crops in t...