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Sunan Abi Dawud 3348 (Book 23, Hadith 23) #23638
Prohibiting Interest in Trading

SUMMARY: This hadith is about the prohibition of interest in trading.

Narrated 'Umar: The Messenger of Allah as saying: Gold for gold is interest unless both hand over on the spot ; wheat for wheat is interest unless both hand over on the spot ; dates for dates is interest unless both hand over on the spot ; barley for barley is interest unless both hand over on the spot.
حَدَّثَنَا عَبْدُ اللَّهِ بْنُ مَسْلَمَةَ الْقَعْنَبِيُّ، عَنْ مَالِكٍ، وَعَنِ ابْنِ شِهَابٍ، عَنْ مَالِكِ بْنِ أَوْسٍ، عَنْ عُمَرَ، - رضى الله عنه - قَالَ قَالَ رَسُولُ اللَّهِ ‏ "‏ الذَّهَبُ بِالذَّهَبِ رِبًا إِلاَّ هَاءَ وَهَاءَ وَالْبُرُّ بِالْبُرِّ رِبًا إِلاَّ هَاءَ وَهَاءَ وَالتَّمْرُ بِالتَّمْرِ رِبًا إِلاَّ هَاءَ وَهَاءَ وَالشَّعِيرُ بِالشَّعِيرِ رِبًا إِلاَّ هَاءَ وَهَاءَ

TOPICS
trade  *  interest  *  spot  *  barley  *  wheat

QUICK LESSONS:
Be honest and fair when trading goods with others; Do not take more than what you are due from someone else; Strive for justice and fairness; Sacrifice something yourself if necessary to help another person out; Be generous and kind towards those around you .

EXPLANATIONS:
This hadith is about the prohibition of interest when trading goods. The Prophet Muhammad ﷺ taught that it was not permissible to take or give interest when exchanging gold for gold, wheat for wheat, dates for dates, or barley for barley. Instead, both parties must exchange the goods on the spot without any additional payment or benefit. This teaches us that we should be honest and fair in our dealings with others and not take advantage of them by charging extra money or benefits beyond what was agreed upon. We should also strive to be generous and kind to those around us by not taking more than what we are due from them.

This hadith also teaches us that Allah has given us a great responsibility to ensure justice and fairness in our dealings with others so that no one is taken advantage of or harmed financially because of our actions. We should always strive to do what is right even if it means sacrificing something ourselves in order to help another person out.

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