The premium discovery contract is concluded in the physical market in which the price difference (premium) is compared to the base price agreed upon by the parties of the transaction, and the parties undertake to purchase the goods based on the final price at a certain time in the future (delivery, transportation or loading).
The applicants of this contract, must deposit a part of the approximate value of the transaction (as a guarantee fee) to the clearing house in accordance with the conditions stated in the offering notice. After the transaction in the stock exchange, a part of the transaction price is collected from the buyer according to the conditions stated in the offering notice, and the final settlement of the contract is made based on the specified price formula and the final price of the contract, which is determined at the specific time in the offering notice.

The Shariah Committee agreed with the premium discovery contract with the following definition:

The premium discovery contract is concluded in the form of a conveyance deed in the physical market, so the seller agrees a specific amount of goods based on a specific price formula with the buyer at the time of the transaction and the base price. In this contract, the seller delivers the amount of agreed property at a due date, and the buyer pays a part of the agreed amount in cash based on the base price and pays the rest according to the terms of the contract until the due date.