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Sunan Abi Dawud 3436 (Book 24, Hadith 21) #23726
Fair Trading Practices

SUMMARY: It is not permissible to buy and sell goods in a way that harms others.

Narrated 'Abdullah bin 'Umar: The Messenger of Allah as saying: None of you must buy in opposition to one another ; and do not go out to meet the merchandise, (but one must wait) till it is brought down to the market.
حَدَّثَنَا عَبْدُ اللَّهِ بْنُ مَسْلَمَةَ الْقَعْنَبِيُّ، عَنْ مَالِكٍ، عَنْ نَافِعٍ، عَنْ عَبْدِ اللَّهِ بْنِ عُمَرَ، أَنَّ رَسُولَ اللَّهِ قَالَ ‏ "‏ لاَ يَبِعْ بَعْضُكُمْ عَلَى بَيْعِ بَعْضٍ وَلاَ تَلَقَّوُا السِّلَعَ حَتَّى يُهْبَطَ بِهَا الأَسْوَاقَ

TOPICS
trade  *  market  *  buy  *  sell  *  tijarah  *  souq  *  istamtaa  *  itqalab

QUICK LESSONS:
Wait for merchandise before purchasing it .

EXPLANATIONS:
This hadith teaches us the importance of fair trading practices. The Prophet Muhammad ﷺ has instructed us not to buy or sell goods in a way that harms others. We should wait for the merchandise to be brought down to the market before we purchase it, instead of competing with each other for it. This ensures fairness and justice in trading, as everyone has an equal chance at buying or selling goods without any unfair advantage over another person. Furthermore, this hadith also encourages us to practice patience and self-control when dealing with business matters, as rushing into decisions can lead to undesirable outcomes.

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