The Meaning of Salaf Transaction
Issue No.1802- In-advance payment transaction means that a buyer pays the price of a commodity, and receives it later. Hence, the transaction will be in order, if for example, the buyer says, “I am paying this amount so that I may receive such and such commodity after six months”, and if the seller says, “I have accepted”, it will be sufficient even if no formula is pronounced, and the buyer pays the money with this intention, and the seller takes it.
