Islamiat MCQ #17645

Which condition makes a Salam contract valid under Islamic law?

Islamiat MCQ #17645

  1. Question 1

    Q1. Which condition makes a Salam contract valid under Islamic law?

    • A) The commodity must be rare and difficult to obtain at the time of the contract
    • B) The seller must currently possess the commodity at the time of the contract
    • C) The price must be fully paid at the time the contract is concluded
    • D) The delivery date must be within 30 days of the contract

    Answer: The price must be fully paid at the time the contract is concluded

    Explanation: For a Salam contract to be valid, the full purchase price must be paid upfront at the time of contracting; this immediate payment distinguishes it from prohibited deferred-for-deferred transactions.