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Jami at-Tirmidhi 1241 (Book 14, Hadith 41) #26814
Exchange of Gold and Silver

SUMMARY: The hadith is about not exchanging gold for gold or silver for silver except kind for kind, and not to sell what is not present from them for what is present.

Narrated Nafi': "Ibn 'Umar and I went to Abu Sa'eed and he narrated to us: 'the Messenger of Allah said - and I heard him with these two ears: "Do not sell gold for gold except kind for kind, nor sliver for silver except kind for kind, do not exchange more of one than the other, and do not sell what is not present from them for what is present". Abu 'Eisa said: There are narrations on this topic from Abu Bakr, 'Umar, 'Uthman, Abu Hurairah, Hisham bin 'Amir, Al-Bara', Zaid bin Arqam, Fadalah bin 'Ubaid, Abu Bakrah, Ibn 'Umar, Abu Ad-Darda', and Bilal. He said: The Hadith of Abu Sa'eed, from the Prophet about Riba is a Hasan Sahih Hadith. This is acted upon according to the people of knowledge among the Companions of the Prophet and others, except for what has been related from Ibn 'Abbas; he did not see any harm in exchanging gold for gold or silver for silver, more for less, when it is done hand in hand, and he said: "Riba' is only in credit". Similar it has been related from some of his companions. It has been related that Ibn 'Abbas changed his opinion when Abu Sa'eed narrated it to him from the Prophet . The first view is more correct. And this is acted upon according to the people of knowledge among the Companions of the Prophet and others. It is the view of Sufyan Ath-Thawri, Ibn Al-Mubarak, Ash-Shafi'i, Ahmad, and Ishaq. It has been reported that Ibn Al-Mubarak said: "There is no difference over exchange".
حَدَّثَنَا أَحْمَدُ بْنُ مَنِيعٍ، أَخْبَرَنَا حُسَيْنُ بْنُ مُحَمَّدٍ، أَخْبَرَنَا شَيْبَانُ، عَنْ يَحْيَى بْنِ أَبِي كَثِيرٍ، عَنْ نَافِعٍ، قَالَ انْطَلَقْتُ أَنَا وَابْنُ، عُمَرَ إِلَى أَبِي سَعِيدٍ فَحَدَّثَنَا أَنَّ رَسُولَ اللَّهِ قَالَ سَمِعَتْهُ أُذُنَاىَ هَاتَانِ يَقُولُ ‏ "‏ لاَ تَبِيعُوا الذَّهَبَ بِالذَّهَبِ إِلاَّ مِثْلاً بِمِثْلٍ وَالْفِضَّةَ بِالْفِضَّةِ إِلاَّ مِثْلاً بِمِثْلٍ لاَ يُشَفُّ بَعْضُهُ عَلَى بَعْضٍ وَلاَ تَبِيعُوا مِنْهُ غَائِبًا بِنَاجِزٍ ‏"‏ ‏.‏ قَالَ أَبُو عِيسَى وَفِي الْبَابِ عَنْ أَبِي بَكْرٍ وَعُمَرَ وَعُثْمَانَ وَأَبِي هُرَيْرَةَ وَهِشَامِ بْنِ عَامِرٍ وَالْبَرَاءِ وَزَيْدِ بْنِ أَرْقَمَ وَفَضَالَةَ بْنِ عُبَيْدٍ وَأَبِي بَكْرَةَ وَابْنِ عُمَرَ وَأَبِي الدَّرْدَاءِ وَبِلاَلٍ ‏.‏ قَالَ وَحَدِيثُ أَبِي سَعِيدٍ عَنِ النَّبِيِّ فِي الرِّبَا حَدِيثٌ حَسَنٌ صَحِيحٌ ‏.‏ وَالْعَمَلُ عَلَى هَذَا عِنْدَ أَهْلِ الْعِلْمِ مِنْ أَصْحَابِ النَّبِيِّ وَغَيْرِهِمْ إِلاَّ مَا رُوِيَ عَنِ ابْنِ عَبَّاسٍ أَنَّهُ كَانَ لاَ يَرَى بَأْسًا أَنْ يُبَاعَ الذَّهَبُ بِالذَّهَبِ مُتَفَاضِلاً وَالْفِضَّةُ بِالْفِضَّةِ مُتَفَاضِلاً إِذَا كَانَ يَدًا بِيَدٍ ‏.‏ وَقَالَ إِنَّمَا الرِّبَا فِي النَّسِيئَةِ ‏.‏ وَكَذَلِكَ رُوِيَ عَنْ بَعْضِ أَصْحَابِهِ شَيْءٌ مِنْ هَذَا وَقَدْ رُوِيَ عَنِ ابْنِ عَبَّاسٍ أَنَّهُ رَجَعَ عَنْ قَوْلِهِ حِينَ حَدَّثَهُ أَبُو سَعِيدٍ الْخُدْرِيُّ عَنِ النَّبِيِّ ‏.‏ وَالْقَوْلُ الأَوَّلُ أَصَحُّ ‏.‏ وَالْعَمَلُ عَلَى هَذَا عِنْدَ أَهْلِ الْعِلْمِ مِنْ أَصْحَابِ النَّبِيِّ وَغَيْرِهِمْ وَهُوَ قَوْلُ سُفْيَانَ الثَّوْرِيِّ وَابْنِ الْمُبَارَكِ وَالشَّافِعِيِّ وَأَحْمَدَ وَإِسْحَاقَ ‏.‏ وَرُوِيَ عَنِ ابْنِ الْمُبَارَكِ أَنَّهُ قَالَ لَيْسَ فِي الصَّرْفِ اخْتِلاَفٌ

TOPICS
exchange  *  gold  *  silver  *  kind  *  tasawwur  *  thahab  *  fiddah  *  nawan

QUICK LESSONS:
Do not sell gold for gold except kind for kind; nor sliver for silver except kind for kind; do not exchange more of one than the other; do not sell what is not present from them for what is present

EXPLANATIONS:
This hadith discusses the exchange of gold and silver. It states that one should not exchange gold with gold or silver with silver except kind for kind. This means that if someone wants to exchange a certain type of metal with another type of metal then it should be done in equal amounts. Additionally it states that one should not sell something which they do not have in their possession at the time of sale. This hadith has been narrated by many companions such as Nafi', Ibn Umar and Bilal among others who heard it directly from Prophet Muhammad ﷺ himself. The opinion on this matter was also shared by scholars such as Sufyan Ath-Thawri and Ash-Shafi’i who agreed upon this view being more correct than any other opinion on the matter.

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