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Sunan an-Nasai 4560 (Book 44, Hadith 112) #19093
Prohibiting Riba in Trade

SUMMARY: The Prophet Muhammad (PBUH) forbade selling gold for gold, silver for silver, wheat for wheat, barley for barley and dates for dates unless it was like-for-like and hand-to-hand. He also commanded to sell gold for silver and vice versa as well as wheat for barley and vice versa.

It was narrated that Muslim bin Yasar and 'Abdullah bin 'Atik said: "Ubadah bin As-Samit and Muawiyah met at a stopping place on the road'.Ubadah told them: 'The Messenger of Allah forbade selling gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates"'- one of them said: 'salt for salt,"' but the other did not say it-"unless it was like for like, hand to hand. And he commanded us to sell gold for silver and silver for gold, and wheat for barley and barley for wheat, and to hand, however we wanted"'. And one of them said: "Whoever gives more or ask for more has engaged in Riba"'.
أَخْبَرَنَا مُحَمَّدُ بْنُ عَبْدِ اللَّهِ بْنِ بَزِيعٍ، قَالَ حَدَّثَنَا يَزِيدُ، قَالَ حَدَّثَنَا سَلَمَةُ، - وَهُوَ ابْنُ عَلْقَمَةَ - عَنْ مُحَمَّدِ بْنِ سِيرِينَ، عَنْ مُسْلِمِ بْنِ يَسَارٍ، وَعَبْدِ اللَّهِ بْنِ عَتِيكٍ، قَالاَ جَمَعَ الْمَنْزِلُ بَيْنَ عُبَادَةَ بْنِ الصَّامِتِ وَمُعَاوِيَةَ حَدَّثَهُمْ عُبَادَةُ، قَالَ نَهَانَا رَسُولُ اللَّهِ عَنْ بَيْعِ الذَّهَبِ بِالذَّهَبِ وَالْوَرِقِ بِالْوَرِقِ وَالْبُرِّ بِالْبُرِّ وَالشَّعِيرِ بِالشَّعِيرِ وَالتَّمْرِ بِالتَّمْرِ - قَالَ أَحَدُهُمَا وَالْمِلْحِ بِالْمِلْحِ وَلَمْ يَقُلْهُ الآخَرُ - إِلاَّ مِثْلاً بِمِثْلٍ يَدًا بِيَدٍ وَأَمَرَنَا أَنْ نَبِيعَ الذَّهَبَ بِالْوَرِقِ وَالْوَرِقَ بِالذَّهَبِ وَالْبُرَّ بِالشِّعِيرِ وَالشَّعِيرَ بِالْبُرِّ يَدًا بِيَدٍ كَيْفَ شِئْنَا قَالَ أَحَدُهُمَا فَمَنْ زَادَ أَوِ ازْدَادَ فَقَدْ أَرْبَى

TOPICS
trade  *  exchange  *  like  *  buyu  *  sadaqah  *  riba

QUICK LESSONS:
Exchange different kinds of goods fairly; Give no more nor ask no more than what is due; Engage in fair trade practices; Be honest when trading; Be just towards one another while engaging in trade activities .

EXPLANATIONS:
The Prophet Muhammad (PBUH) taught us the importance of fairness in trade. He prohibited trading goods with goods of the same kind such as exchanging gold with gold or silver with silver unless it is done on a like-for-like basis and hand to hand. He also commanded us to exchange different kinds of goods such as exchanging gold with silver or wheat with barley so that people can benefit from each other’s resources without any unfairness or exploitation involved. Furthermore, he warned against giving more or asking more than what is due which is considered riba (usury). This hadith teaches us the importance of fairness in our transactions so that we can be just towards one another while engaging in trade activities.

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