iContractChain

Understanding Salam

Salam is a forward sale where the buyer pays the full price upfront for a commodity to be delivered at a future date. Often used in agriculture to provide working capital for farmers.

Salam Agreement

Forward-payment for a commodity.

Contract Currency

Commodity Description (incl. quality, quantity)

Buyer (Muslam)

Buyer's Wallet

Seller (Muslam ilayh)

Seller's Wallet

Spot Price (Full Prepayment) (...)

Future Delivery Date

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