TRADE REQUIRES EXCHANGE OF COMMODITIES

- The words "unless it be a trade with your mutual consent "in verse 29 lay down two conditions for the validity of a transaction through which the property of another person may lawfully be acquired.

Firstly, it must be a transaction of trade which requires exchange of properties. Therefore, the transactions of gambling, speculation and usury or the transactions of sale where the commodity does not exist are forbidden and are not valid in Shari'ah, because these transactions cannot be termed as trade, even though they are effected in the name of trade. Trade is the name of the exchange of one commodity with the other. Having commodity on one side, and having no commodity against it, is not trade.

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