Akad Salam Is: Know Understanding, Principles, And Examples Of Implementation

YOGYAKARTA What is meant by the greeting ceremony? In the sharia economy, the greeting contract is one of the sale and purchase agreements in accordance with sharia principles.

The greeting contract is designed to avoid the element of usury (interest) in transaction activities.

In this article, it will be discussed in more detail about what is the greeting contract along with its principles and examples of application. Let's see the review below.

The greeting contract is a type of sale and purchase agreement where the buyer pays for the goods at the beginning, but the goods are handed over in the future.

In other words, the greeting contract is the practice of buying and selling goods whose handover is suspended with payments made in cash at the beginning.

Greetings are often used in commodity trading and agricultural products. The main goal of the greeting contract is to help producers get the initial funds needed for production.

However, in order to comply with sharia principles, the goods purchased must be specific, quality, and quantity must also be in accordance with the agreement of both parties.

If the goods are not appropriate or not submitted at the agreed time, the seller is obliged to return the payment or provide fair compensation to the buyer.

Compiled from various sources, here are some of the principles that underlie the greeting ceremony:

The main principle of the greeting contract is the prohibition of usury. In Islam, usury is considered a big sin so that it must be avoided by the perpetrators of buying and selling.

The greeting contract adheres to this principle by allowing full payments at the beginning without any additional fees or interest. This makes the greeting contract a halal financial instrument in Islam.

The principle of justice in the greeting contract is to ensure a balance of rights and obligations between sellers and buyers.

In this regard, the full payment at the beginning ensures that buyers and sellers obtain fair rights and obligations in transactions. This provision can minimize the risk of injustice in economic transactions.

One of the provisions for the greeting contract that must be met is the full initial payment without additional fees or interest. This means that the defender must pay the entire price of the goods before receiving the goods. this is in accordance with the principle of justice and avoiding usury.

In the greeting agreement, the sale and purchase agreement must be made clear and definite. The seller must clearly state the description and specifications of the goods or services that will be submitted. This is to avoid any doubts or inaccuracies in the transaction

In the greeting contract, ownership of goods is the right of the buyer after making a prepaid payment.

The greeting contract is a form of transaction in the Islamic economy which is used in buying and selling orders with a pre-order system.

In this contract, the buyer pays the full price of the goods at the beginning, while the seller submits the goods in the future according to the agreement.

For example, an entrepreneur buys 10 tons of rice from farmers with a greeting contract system. Entrepreneurs pay the price of rice at the beginning, for example Rp. 100 million, and farmers will hand over the rice after harvest within 3 months.

That's information about the greeting contract. From the explanation above, it can be concluded that the greeting contract is the practice of buying and selling goods whose handover has been suspended with payments made in cash at the beginning. Get news updates of other options only on VOI.ID.