An Arabic term (قبض حقيقي) 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 haqiqi 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 haqiqi (physical possession) involves taking possession by means of simultaneous delivery by hand (i.e., qabdh haqiqi against qabdh haqiqi- or simultaneous, physical taqabudh).
Qabdh, in general, is classified as qabd haqiqi (qabdh feeli) and qabdh hukmi.
Comments