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Exchange-Based Contract


A contract (aqd) that involves the exchange of one counter-value for another. For example, exchanging a commodity for an amount of money (price/ thaman) is one form of an exchange-based contract. In general, exchange-based contracts can be classified into two main categories: sale-based contracts and lease-based contracts.

The exchange in this type of contracts is two-way, with each party handing the other something of value in return.

It is also known as a commutative contract. or in Arabic as aqd al-mua’awadhah.



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