Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Qabdh Fe’eli


An Arabic term (قبض فعلي) that means taking actual possession of an object of sale or exchange, an amount of money, a financial instrument, etc. In the context of a contract of sarf (currency exchange), qabdh fe’eli refers to taking possession, by the two parties, of the amounts of the two underlying currencies, in an actual manner (physically). In currency exchange, qabdh fe’eli (physical possession) involves taking possession by means of simultaneous delivery by hand (i.e., qabdh fe’eli against qabdh fe’el- or simultaneous, physical taqabudh).

Qabdh, in general, is classified as qabdh haqiqi (qabdh fe’eli) and qabdh hukmi.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*