In shari’a, possession of an asset/countervalue/amount takes place physically if it is delivered or received by hand. For example, an employee may receive his salary in cash (banknotes) instead of having it issued in a check. Likewise, in currency exchange, an amount of a given currency may be exchanged for another denominated in a different currency at a specific exchange rate, where both amounts being simultaneously paid and received by hand.

In Arabic, it is spelled as qabd fe’eli (i.e., actual possession).