The sales contract by mutual exchange takes effect when one of the parties receives his part of the deal, whether it is a price or a good.
Wednesday, January 12, 2005
The sales contract by mutual exchange
It is allowed to perform a sales contract by giving and taking the prices and items being exchanged. This is because the definition of a sale is to exchange something desireable for something desireable. The proof of this is that the words "trade", "buy" and "sell" is used in the Quran simply to mean "exchange" such "buying deviance for guidance" (2,16).
Posted by Abu Adam at Wednesday, January 12, 2005