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Sunan an-Nasai 4570 (Book 44, Hadith 122) #19103
Fair Trade Practices in Islam

SUMMARY: The Prophet Muhammad advised against selling gold and silver for unequal amounts or on credit.

It was narrated from Abu Saeed Al-Khudri that the Messenger of Allah said: "Do not sell gold for gold except like for like and do not differentiate. Do not sell silver for silver except like for like, and do not sell it in return for something to be paid later".
أَخْبَرَنَا قُتَيْبَةُ، عَنْ مَالِكٍ، عَنْ نَافِعٍ، عَنْ أَبِي سَعِيدٍ الْخُدْرِيِّ، أَنَّ رَسُولَ اللَّهِ قَالَ ‏ "‏ لاَ تَبِيعُوا الذَّهَبَ بِالذَّهَبِ إِلاَّ مِثْلاً بِمِثْلٍ وَلاَ تُشِفُّوا بَعْضَهَا عَلَى بَعْضٍ وَلاَ تَبِيعُوا الْوَرِقَ بِالْوَرِقِ إِلاَّ مِثْلاً بِمِثْلٍ وَلاَ تَبِيعُوا مِنْهَا شَيْئًا غَائِبًا بِنَاجِزٍ

TOPICS
trade  *  gold  *  silver  *  like

QUICK LESSONS:
Be honest and fair when buying or selling things; Pay your debts promptly; Maintain good relationships with others.

EXPLANATIONS:
This hadith is about fair trade practices in Islam. The Prophet Muhammad taught that when trading gold and silver, it should be done with equal amounts of the same type of metal. He also warned against trading on credit, which means exchanging goods now but paying later. This hadith teaches us to be honest and fair when we buy or sell things, so that everyone involved gets a good deal. It also reminds us to pay our debts promptly so that we can maintain good relationships with others.

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