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Jami at-Tirmidhi 1242 (Book 14, Hadith 42) #26815
Exchange of Gold and Silver

SUMMARY: It is permissible to exchange gold for silver and silver for gold, as long as the value of the two items are equal.

Narrated Ibn 'Umar: "I would sell camels at Al-Baqi', so I would sell them for Dinar but take in place of them Dirham, and, I would sell for silver and take Dinar in its place. So I went to the Messenger of Allah and found him leaving the house of Hafsah. I asked him about that and he said: 'There is no harm in that when it (equals) the price'." Abu 'Eisa said: We do not know of this Hadith being Marfu' except from the narration of Simak bin Harb from Sa'eed bin Jubair, from Ibn 'Umar. Dawud bin Abi Hind narrated this Hadith from Abu Sa'eed bin Jubair, from Ibn 'Umar in Mawquf form. This is acted upon according to some of the people of knowledge. There is no harm in paying for gold with silver and silver with gold. This is the view of Ahmad and Ishaq. Some of the people of knowledge, among the Companions and others, disliked that.
حَدَّثَنَا الْحَسَنُ بْنُ عَلِيٍّ الْخَلاَّلُ، حَدَّثَنَا يَزِيدُ بْنُ هَارُونَ، أَخْبَرَنَا حَمَّادُ بْنُ سَلَمَةَ، عَنْ سِمَاكِ بْنِ حَرْبٍ، عَنْ سَعِيدِ بْنِ جُبَيْرٍ، عَنِ ابْنِ عُمَرَ، قَالَ كُنْتُ أَبِيعُ الإِبِلَ بِالْبَقِيعِ فَأَبِيعُ بِالدَّنَانِيرِ فَآخُذُ مَكَانَهَا الْوَرِقَ وَأَبِيعُ بِالْوَرِقِ فَآخُذُ مَكَانَهَا الدَّنَانِيرَ فَأَتَيْتُ رَسُولَ اللَّهِ فَوَجَدْتُهُ خَارِجًا مِنْ بَيْتِ حَفْصَةَ فَسَأَلْتُهُ عَنْ ذَلِكَ فَقَالَ ‏ "‏ لاَ بَأْسَ بِهِ بِالْقِيمَةِ ‏"‏ ‏.‏ قَالَ أَبُو عِيسَى هَذَا حَدِيثٌ لاَ نَعْرِفُهُ مَرْفُوعًا إِلاَّ مِنْ حَدِيثِ سِمَاكِ بْنِ حَرْبٍ عَنْ سَعِيدِ بْنِ جُبَيْرٍ عَنِ ابْنِ عُمَرَ ‏.‏ وَرَوَى دَاوُدُ بْنُ أَبِي هِنْدٍ هَذَا الْحَدِيثَ عَنْ سَعِيدِ بْنِ جُبَيْرٍ عَنِ ابْنِ عُمَرَ مَوْقُوفًا ‏.‏ وَالْعَمَلُ عَلَى هَذَا عِنْدَ بَعْضِ أَهْلِ الْعِلْمِ أَنْ لاَ بَأْسَ أَنْ يَقْتَضِيَ الذَّهَبَ مِنَ الْوَرِقِ وَالْوَرِقَ مِنَ الذَّهَبِ ‏.‏ وَهُوَ قَوْلُ أَحْمَدَ وَإِسْحَاقَ ‏.‏ وَقَدْ كَرِهَ بَعْضُ أَهْلِ الْعِلْمِ مِنْ أَصْحَابِ النَّبِيِّ وَغَيْرِهِمْ ذَلِكَ

TOPICS
exchange  *  gold  *  silver  *  value  *  tawriq  *  thahab  *  fiddah  *  qmat

QUICK LESSONS:
Trade goods if their values are equal
EXPLANATIONS:
This hadith discusses the permissibility of exchanging gold for silver and vice versa, so long as the value of both items is equal. The hadith was narrated by Ibn 'Umar, who was a companion of Prophet Muhammad. He reported that he asked Prophet Muhammad about exchanging camels for dinar or dirham, or exchanging silver for gold. The Prophet replied that it is permissible to do so when their values are equal. Some scholars have disagreed with this opinion but Ahmad and Ishaq have agreed with it. Therefore, it can be concluded that it is permissible to exchange goods when their values are equal according to some scholars in Islam.

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