Bay’ Salam in Crypto Perpetuals

Assalamualaikum Warahmatullahi Wabarakatuh,

May Allah bless the Muftis in their research of new emerging financial markets.

On a research article published by Shariyah titled ‘Mastering the logic of Sharia principles in Futures and Forwards’, it states under the chapter titled ‘Shariah compliant alternatives’ that: ‘Bay’ Salam is one potential contract. Bay’ Salam is a transaction where two parties agree to trade an underlying asset at a predetermined future date but at a price determined which is fully paid at the time of contracting’.

In crypto perpetuals, the initial margin is the margin required to open a position, whilst maintenance margin is the margin required to hold that current position. Note that in crypto perpetuals, you can only trade with your own money. More information about initial and maintenance margin can be read on the major crypto exchanges.

Thus, my question is: Will allocating the whole margin to the initial margin (rather than being split between the initial and maintenance margin) make the contract Bay’ Salam?

JazakAllah Khair