Salam in copper coins (fulus)

Question

Zayd is a learned man (ʿalim). To increase his money he conducts a transaction in this way: Zayd lent ʿAmr 200 rupees on a promise of six months and, at the time of lending, had ʿAmr write a document to this effect: “I have given ʿAmr the sum of 200 rupees on a six-month promise by way of salam (a sale with advance payment and deferred delivery); at the end of the term I shall receive at the rate of nine duannis (two-anna coins; the large four-cornered ones; an anna is a coin worth 1/16 of a rupee) per rupee.

Answer

The Hanafi jurists have explicitly stated that salam in fulus is permissible according to the Shaykhayn; indeed, according to the Zahir al-Riwaya (the principal transmitted positions of the school), permissibility is also transmitted from Imam Muhammad ﵀: [ar]وظاهر الرواية عن الكل الجواز[/ar] “The Zahir al-Riwaya from all (three) is permissibility” (al-Bahr al-Raʾiq, vol. 6, p.

Source: Fatawa Mahmudiyya

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