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Process Flow Video

Istisna & Salam: Forward Financing in Islamic Banking

Istisna and Salam are two unique Islamic financing contracts designed for pre-ordered goods and commodities. Istisna enables customers to commission the production of specific items, with payments are made in stages or upon completion. Salam, on the other hand, allows buyers to pay in advance for goods to be delivered at a future date, ensuring fair and transparent transactions. These contracts promote trade while staying true to riba-free principles. Watch to learn how they work!