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BRIAN KETTELL, the Course Director, worked at the Central Bank of Bahrain for several years and has extensive experience in Islamic banking.
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He has published 16 books on banking and financial markets and over 20 case studies on Islamic banking and finance.

Module 9

Salam

This module provides details of the Salam contract highlighting the mechanics of its use, its major applications and the risks for Islamic banks using this technique.

  • What is Salam?
  • The characteristics of Salam
  • Why is Salam Sharia'a compliant?
  • What is Parallel Salam?
  • The characteristics of Parallel Salam
  • Salam terminology
  • Implementation of Salam and Parallel Salam
  • What is the difference between Salam and Murabaha?