Swap contracts are used to exchange two assets. In this case, the parties agree to exchange certain assets on specific dates according to a mechanism whose details are agreed in advance.

The underlying asset in the swap contract

The exchange of two assets is permissible in a swap contract.

Provision: If the assets in the swap contract are the same type (such as the exchange of crude oil for crude oil) or are not similar in terms of characteristics, but are considered derivatives of a certain product (such as the exchange of diesel and gasoline), in this case, it is necessary that the amount of two assets be equal to avoid usury.