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Sahih al-Bukhari 2178, 2179 (Book 34, Hadith 128) #2091
Permissible Money Exchange

SUMMARY: Money exchange is permissible as long as it is done from hand to hand without any delay.

Narrated Abu Salih Az-Zaiyat: I heard Abu Sa'id Al-Khudri saying, "The selling of a Dinar for a Dinar, and a Dirham for a Dirham (is permissible)". I said to him, "Ibn 'Abbas does not say the same". Abu Sa'id replied, "I asked Ibn 'Abbas whether he had heard it from the Prophet s or seen it in the Holy Book. Ibn 'Abbas replied, "I do not claim that, and you know Allah's Messenger better than I, but Usama informed me that the Prophet had said, 'There is no Riba (in money exchange) except when it is not done from hand to hand (ie when there is delay in payment)'. "
حَدَّثَنَا عَلِيُّ بْنُ عَبْدِ اللَّهِ، حَدَّثَنَا الضَّحَّاكُ بْنُ مَخْلَدٍ، حَدَّثَنَا ابْنُ جُرَيْجٍ، قَالَ أَخْبَرَنِي عَمْرُو بْنُ دِينَارٍ، أَنَّ أَبَا صَالِحٍ الزَّيَّاتَ، أَخْبَرَهُ أَنَّهُ، سَمِعَ أَبَا سَعِيدٍ الْخُدْرِيَّ ـ رضى الله عنه ـ يَقُولُ الدِّينَارُ بِالدِّينَارِ، وَالدِّرْهَمُ بِالدِّرْهَمِ‏.‏ فَقُلْتُ لَهُ فَإِنَّ ابْنَ عَبَّاسٍ لاَ يَقُولُهُ‏.‏ فَقَالَ أَبُو سَعِيدٍ سَأَلْتُهُ فَقُلْتُ سَمِعْتَهُ مِنَ النَّبِيِّ، ، أَوْ وَجَدْتَهُ فِي كِتَابِ اللَّهِ قَالَ كُلُّ ذَلِكَ لاَ أَقُولُ، وَأَنْتُمْ أَعْلَمُ بِرَسُولِ اللَّهِ مِنِّي، وَلَكِنَّنِي أَخْبَرَنِي أُسَامَةُ أَنَّ النَّبِيَّ قَالَ ‏ "‏ لاَ رِبًا إِلاَّ فِي النَّسِيئَةِ

TOPICS
money  *  exchange  *  delay  *  handtohand

QUICK LESSONS:
Do money exchanges from hand to hand without any delays or extra charges added on top of the original amount being exchanged .
EXPLANATIONS:
This hadith explains that money exchange is permissible in Islam, as long as it is done from hand to hand without any delay. The hadith was narrated by Abu Salih Az Zaiyat and Abu Sa'id Al Khudri, who heard it from Usama bin Zaid. Usama bin Zaid reported that the Prophet Muhammad ﷺ said “There is no Riba except when it is not done from hand to hand”. This means that money exchange should be done immediately, with no delays or extra charges added on top of the original amount being exchanged. It also implies that charging interest on loans or other forms of financial transactions are not allowed in Islam.

The values taught by this hadith include honesty and fairness in financial dealings, avoiding greed and exploitation of others for personal gain, and respecting the rights of others when engaging in business transactions. It also encourages Muslims to practice justice even when dealing with their own finances, so they can be an example for others to follow in their communities.

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