Reverse salam as an innovative instrument for investment accounts
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This research examines the possibility of using the salam (future commodity sale) contract as a fixed deposit instrument that would help Islamic banks in mobilising deposits on the liability side of their balance sheets. It highlights the features and structure of this product - called reverse salam - and discusses the use of hedging tools to make the product more efficient and useful.
Salam , Contracts , Islamic banks
Saleem, Muhammad Yusuf and Mahaini, Mohammad Ghaith and Kureshi, Hussain. (2014). Reverse salam as an innovative instrument for investment accounts. ISRA International Journal of Islamic Finance, 6 (1), pp. 183-193.