Chapter 5 Salam and Istisna Q1 How salam contract is used as a financing instrument by banks Q2 can you enter into

a salam contract for the sale of entire production of an agricultural farm. Q3 Can salm contract be entered into for the exchange of gold with silver. Give reasons for your answer. Q4. Salam sale requires price to be paid in full at the time of contract. Will the contract be effective before the payment of price? Q5 What is the difference between a price paid in a salam contract and advance paid equal to the full price in an ordinary sale. Q6. Can you sale or transfer the goods bought under a salam contract. Give reasons for your answer

Q6. How Istisna contract can be used by banks to finance houses. Q7. Under what conditions can an istisna contract be cancelled. Q8. Which contract allows penalties to be charged? Who i.e. the buyer or seller is entitled for the penalties.? In what form these penalties will be charged.