Exchange in Islamic law addresses exchange of gold and silver and has been addressed by Muslim jurists under the topic of cash sale or exchange. These jurists distinguish this particular exchange from absolute selling mainly regarding the nature of the conditions of sale. They warn against the presence of usury and according to the rules of the Quran and Sunnah. However, it has been found that most of the civil Arab laws did not provide texts for contract exchange which distinguish absolute selling of which provisions of the latter apply to the exchange today in these countries. We chose to highlight this in order to call lawmakers in Arab states to take action regarding this matter in order to avoid usury.
Al Nuaaman, Duha Mohamed
"Exchange Contract; A comparative study,"
Journal Sharia and Law: Vol. 2014
, Article 7.
Available at: https://scholarworks.uaeu.ac.ae/sharia_and_law/vol2014/iss59/7