The first full-fledged interest-free bank in Ethiopia

Bai' Salam Financing

Embark on a journey of ethical financing with Zamzam Bank’s Bai’ Salam Financing. This type of Shari’ah mode of financing through which the Bank pays the full contract price of goods/commodities in advance at the time of contract for the purchase of goods/commodities that will be delivered by the supplier at a specified time/date in the future.

Bai' Salam Benefits and features

Financing for Producers

Bai’ Salam provides financing to producers, particularly in the agricultural sector, by allowing them to receive upfront payment for their future production.

Advance Payment

The buyer makes full payment upfront for the future delivery of a specified commodity.

Defined Specifications

The type, quality, quantity, and other specifications of the commodity must be clearly defined in the contract

Deferred Delivery

The seller is obligated to deliver the commodity at a specified future date.

Liquidity for Buyers

Buyers can use Bai’ Salam to secure the future delivery of a commodity, which can be beneficial for their business operations or for consumption.

Requirements of Bai' Salam

Documentation and Transparency

  • The Bai’ Salam contract and related documentation should be clear, transparent, and in accordance with Shari’ah requirements.
  • The terms and conditions of the contract, including the delivery date and the purchase price, should be mutually agreed upon and understood by both the buyer and the seller.

Bai' Salam Financing Process

Product Assessment and Agreement

Collaborative assessment to determine the financing needs of the agricultural or business expansion. Agreement on Bai' Salam financing terms, including prepayment amounts and delivery schedules.

Prepayment and Project Execution

Bank makes the prepayment to the farmer or business in exchange for the future delivery of goods.

Delivery and Settlement

Delivery of the pre-sold goods upon completion. Settlement of the Bai' Salam contract, ensuring transparency and ethical financial transactions

Bai' Salam Business Expansion Financing

Experience Ethical Financing with Zamzam Bank

Choose Bai' Salam Financing at Zamzam Bank for ethical and Sharia-compliant financing solutions. Whether it's supporting agricultural ventures or fueling business expansion, Zamzam Bank is your partner in fostering growth and prosperity. Join us in building a future grounded in ethical and innovative financial principles.
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Other Related Financing that might interest you

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Musharakah Financing

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