Is possession necessary at the time of the transaction?

Question:

Is it necessary to take possession of the article of trade or the purchase price at the time of transaction?

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

 

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

 Taking possession of the commodity or purchase price is not a pre-requisite or an integral for the validity of a transaction.[1]  The purpose of a transaction is to transfer ownership of the article of trade and purchase price.  Transferral of ownership is effected by merely exchanging offer and acceptance.  However, this rule does not apply to currency exchange and trading gold/silver.

And Allah Ta’āla Knows Best

Mawlana Faraz ibn Adam,
www.darulfiqh.com

 

 

 


[1]  الْمَادَّةُ 262) الْقَبْضُ لَيْسَ بِشَرْطٍ فِي الْبَيْعِ إلَّا أَنَّ الْعَقْدَ مَتَى تَمَّ كَانَ عَلَى الْمُشْتَرِي أَنْ يُسَلِّمَ الثَّمَنَ أَوَّلًا ثُمَّ يُسَلِّمَ الْبَائِعُ الْمَبِيعَ إلَيْهِ. يَعْنِي لَا يُشْتَرَطُ لِتَمَامِ الْبَيْعِ الصَّحِيحِ وَالْمُطْلَقِ قَبْضُ الْمُشْتَرِي لِلْمَبِيعِ وَالْبَائِعَ لِلثَّمَنِ بَلْ إنَّ الْبَيْعَ يُفِيدُ مِلْكَ الْمُشْتَرِي لِلْمَبِيعِ وَالْبَائِعِ لِلثَّمَنِ (درر الحكام شرح مجلة الأحكام ج 1 ص 249 دار الجيل


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