Is rescission (Iqalah) permissible in a full Salam contract?
Chapter on Guaranteed Salaf (Advance Payment) for a Specified Term
Al-Mughni
Book of Sales
Primary text
Rescission (Iqalah) in the entirety of the subject matter of a Salam contract is permissible because it constitutes a termination (faskh) of the contract, dissolving it from its origin, rather than constituting a new sale. The consensus (ijma) among scholars whose opinions are known, including Ibn al-Mundhir, affirms the permissibility of Iqalah in all matters agreed upon in a Salam. Furthermore, if one states, 'I have this commodity due from you,' and seeks a settlement for its price, this is valid and constitutes a correct Iqalah.