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Sahih Muslim 1589b (Book 22, Hadith 111) #11188
Prohibiting Exchange of Gold and Silver

SUMMARY: The hadith is about the prohibition of exchanging gold for silver or vice versa when payment is to be made in the future.

Habib reported that he heard Abu Minhal as saying: I asked al-Bara' b. Azib about the exchange of (gold for silver or vice versa), whereupon he said: you better ask Zaid b. Arqam for he knows more than I. So I asked Zaid but he said: You better ask al-Bara' for he knows more than I. Then both of them said: Allah's Messenger forbade the sale of silver for gold when payment is to be made in future.
حَدَّثَنَا عُبَيْدُ اللَّهِ بْنُ مُعَاذٍ الْعَنْبَرِيُّ، حَدَّثَنَا أَبِي، حَدَّثَنَا شُعْبَةُ، عَنْ حَبِيبٍ، أَنَّهُ سَمِعَ أَبَا الْمِنْهَالِ، يَقُولُ سَأَلْتُ الْبَرَاءَ بْنَ عَازِبٍ عَنِ الصَّرْفِ، فَقَالَ سَلْ زَيْدَ بْنَ أَرْقَمَ فَهُوَ أَعْلَمُ ‏.‏ فَسَأَلْتُ زَيْدًا فَقَالَ سَلِ الْبَرَاءَ فَإِنَّهُ أَعْلَمُ ثُمَّ قَالاَ نَهَى رَسُولُ اللَّهِ عَنْ بَيْعِ الْوَرِقِ بِالذَّهَبِ دَيْنًا.

TOPICS
exchange  *  gold  *  silver  *  payment

QUICK LESSONS:
Abide by what Allah’s messenger has said

EXPLANATIONS:
This hadith discusses a prohibition from Allah's Messenger regarding exchanging gold for silver or vice versa when payment is to be made in the future. This means that if someone wants to buy something with either gold or silver but will not pay until a later date, it is not allowed according to this hadith. The values taught by this hadith are honesty and trustworthiness as it encourages people not to take advantage of others by making them wait for their payments without any guarantee that they will receive it at all. It also teaches us that we should always abide by what Allah's Messenger has said and follow his teachings even if we do not understand why he has said something at first glance.

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