Salam

Salam is a deferred delivery arrangement; where delivery occurs at a future date in exchange for spot payment of price. This mode of financing is ideally suited where the end product is to be manufactured, produced or grown

Areas of Application

Salam and Parallel Salam are excellent substitutes for short term corporate facilities especially in a situation where Customers require pre-funding for manufacturing, trading or producing any tangible goods.  Conventional banking overdraft facilities, pre-shipment financing against letters of credit, production of commodities for on-wards selling by farmers, manufacturing units looking to finance their tangible and un-perishable goods, all types of white-goods manufacturers, etc. where the manufacturer / producer and even trader require financing against the inventory of goods that does not exist at the time of financing can avail Salam and Parallel Salam facilities