Three forms of the salam sale

Question

Question: (1) It is customary here that landowners “write cotton” to merchant-moneylenders, that is, before the harvest they give a written undertaking: “I will give, for example, ten maunds (a unit of weight, ≈ 37 kg) of cotton at the rate of 20 per maund.” And at the time of giving the written undertaking either no money at all is given; and they take at the rate of 20 per maund right then and collect the rest of the payment after the cotton; or they take the entire sum right then.

Answer

This is a salam sale. If the other conditions of salam are also present, then in the third case the sale is valid, and in the first two cases it is not valid. (2) It is valid: [ar]والسادس أن يكون (رأس المال) مقبوضًا في مجلس السلم ...

Source: Fatawa Mahmudiyya

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