Salaf Contracts to Help Fund Housing Sector

Plans are underway to launch standard salaf contracts for low-cost housing projects, head of the Ministry of Road's Housing Economy Department said. 
"Salaf contracts have been prepared by the Iran Mercantile Exchange and will be offered soon," Parvaneh Aslani told state TV on Saturday. 
Standard parallel salaf is an Islamic contract similar to futures, with the difference being that the contract’s total price is paid in advance.