Bai Salam has gained prominence as an Islamic financial instrument for financing the deficit funding units across the Islamic world. This paper uses the arbitrage-free first order conditions to set boundaries on the ra's al-mal (the price paid in Bai Salam). Among the four schools of thought...

Purpose: Inquiring the role of Islamic and conventional banks regarding the core responsibility of lending is an established phenomenon. This chapter is based on key findings regarding dynamic changes in the structural mix of credit portfolios in Islamic banks and conventional banks of...

Purpose Inquiring into the role of Islamic and conventional banks regarding the core responsibility of lending is an established phenomenon. This chapter is based on key findings regarding dynamic changes in the structural mix of credit portfolios in Islamic banks and conventional banks of...