Using Bay'as Salam to make a dropshipping business halaal
Q: I would like to know more about Bay'as Salam and how I can use this to make my dropshipping business halaal?
When a customer places an order, the supplier ships the product directly to the customer. You pay the supplier the wholesale cost of the product, and you keep the difference between the wholesale cost and the retail price as your profit. In a Salam contract, the buyer and seller agree on the price, quantity, and delivery date of the product. The seller receives the price of the product in advance, providing them with the necessary funds to produce the product. The buyer then takes delivery of the product at the agreed-upon future date. I would like to know if the above information provided on salam will allow me to use it in the dropshipping context as mentioned in the first paragraph.