القائمة
Activate for: salam, forward purchase Islamic, advance payment commodity, FAS 7, agricultural finance Islamic, salam receivable, parallel salam, commodity forward Islamic, advance purchase contract.
التثبيت باستخدام Codex أو Claude انسخ هذا Prompt والصقه في Codex أو Claude أو مساعد آخر ليراجع صفحة Skill ويثبّتها لك.
استنادا إلى تصنيف SOC المهني
Activate for: bank reconciliation, nostro reconciliation, suspense account, GL reconciliation, provision reconciliation, inter-company reconciliation, nostro break, unmatched item, reconciling item, MT940, MT950, MT942, aged items, reconciliation certificate, suspense clearing, four-way reconciliation, IFRS 9 provision reconciliation, settlement break, trade reconciliation, position break, GL-to-risk reconciliation. NOT for: IFRS 9 ECL model calculation (use ifrs9-ecl), capital adequacy reporting (use basel-capital), AML transaction monitoring (use aml-typologies).
Activate for: ijarah, IMB, ijarah muntahia bittamleek, Islamic lease, FAS 8, FAS 32, rental income, lease ending in ownership, operating lease Islamic, finance lease Islamic, right-of-use asset Islamic, IFRS 16 Islamic, ijarah assets, ijarah rental schedule, ijarah depreciation.
Activate for: istisna'a, construction finance Islamic, manufacturing contract, FAS 10, parallel istisna'a, percentage of completion, project finance Islamic, istisna'a receivable, istisna'a in progress, construction contract Islamic, infrastructure sukuk construction, milestone financing.
Activate for: mudaraba, investment account, IAH, investment account holder, profit-sharing investment, mudarib, rabb ul mal, PER, IRR, profit equalization reserve, investment risk reserve, restricted investment account, unrestricted investment account, FAS 3, profit pool, profit distribution, weightage table, Islamic deposit.
Activate for: murabaha, cost-plus financing, deferred sale, commodity murabaha, tawarruq, FAS 2, murabaha receivable, deferred murabaha income, murabaha portfolio, murabaha schedule, murabaha profit recognition, mark-up financing.
Activate for: diminishing musharaka, DM, musharaka mutanaqisah, co-ownership finance, Islamic home finance, declining musharaka, bank equity share, FAS 4, diminishing musharaka schedule, rental on bank share, equity buy-out, Islamic mortgage.
| name | salam |
| description | Activate for: salam, forward purchase Islamic, advance payment commodity, FAS 7, agricultural finance Islamic, salam receivable, parallel salam, commodity forward Islamic, advance purchase contract. |
| metadata | {"version":"1.0","author":"Panaversity — The AI Agent Factory","standard":"AAOIFI FAS 7 (Salam and Parallel Salam)"} |
Salam: The bank pays in FULL and IN ADVANCE for a commodity to be delivered at a specified future date, location, and of specified quality and quantity.
Shariah requirements (all must be met — if any fails, contract is void):
At contract execution (payment of advance): Dr: Salam Receivable [Full payment amount] Cr: Cash [Full payment amount]
The salam receivable represents the bank's right to receive the commodity. Carry at cost (the advance price paid), not at fair value of the commodity.
At delivery: Dr: Salam Commodity / Inventory [Cost = original salam payment] Cr: Salam Receivable [Cost — derecognise the receivable]
On sale of commodity (bank sells to market): Dr: Cash / Receivable from buyer [Sale price] Cr: Salam Commodity / Inventory [Cost] Cr/Dr: Gain / Loss on Salam [Difference]
Commodity price risk: The bank bears price risk between advance payment and delivery. If market price falls below advance price → loss. If it rises → gain. This risk is inherent in salam. It is NOT a Shariah compliance issue.
To hedge or resell: Bank enters a SECOND salam (parallel salam) selling the same commodity to another party at a higher price for delivery on the same date.
IMPORTANT: The two salam contracts must be INDEPENDENT. The bank bears delivery risk in both. Cannot use customer's delivery to satisfy the parallel salam (linking the two contracts may violate Shariah).
Parallel salam accounting: recognise as a separate salam liability. Do not net the two contracts.
AAOIFI FAS 7:
