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Sunan Ibn Majah 2261 (Book 12, Hadith 125) #31613
Trading Gold and Silver

SUMMARY: The Prophet Muhammad (PBUH) taught that when trading gold and silver, the exchange should be done on the spot with no increase in value.

It was narrated from Umar bin Muhammad bin 'Ali bin abi Talib, from his father, that his grandfather said: 'The Messenger of Allah said: 'Dinar for Dinar, Dirham for Dirham, with no increase between them. Whoever has need of silver, let him trade gold for it, and whoever has need of gold, let him trade silver for it, and let the transaction be done on the spot"'.
حَدَّثَنَا أَبُو إِسْحَاقَ الشَّافِعِيُّ، إِبْرَاهِيمُ بْنُ مُحَمَّدِ بْنِ الْعَبَّاسِ حَدَّثَنِي أَبِي، عَنْ أَبِيهِ الْعَبَّاسِ بْنِ عُثْمَانَ بْنِ شَافِعٍ، عَنْ عُمَرَ بْنِ مُحَمَّدِ بْنِ عَلِيِّ بْنِ أَبِي طَالِبٍ، عَنْ أَبِيهِ، عَنْ جَدِّهِ، قَالَ قَالَ رَسُولُ اللَّهِ ـ ـ ‏ "‏ الدِّينَارُ بِالدِّينَارِ وَالدِّرْهَمُ بِالدِّرْهَمِ لاَ فَضْلَ بَيْنَهُمَا فَمَنْ كَانَتْ لَهُ حَاجَةٌ بِوَرِقٍ فَلْيَصْطَرِفْهَا بِذَهَبٍ وَمَنْ كَانَتْ لَهُ حَاجَةٌ بِذَهَبٍ فَلْيَصْطَرِفْهَا بِالْوَرِقِ وَالصَّرْفُ هَاءَ وَهَاءَ

TOPICS
trade  *  gold  *  silver  *  exchange  *  spot  *  tijarah  *  thahab  *  fiddah  *  istisqa  *  makan

QUICK LESSONS:
Trade fairly & justly without increasing or decreasing values
EXPLANATIONS:
This hadith teaches us about trading gold and silver. The Prophet Muhammad PBUH taught that when exchanging gold for silver or vice versa, it should be done on the spot with no increase in value between them. This means that if someone is exchanging one dinar for one dirham, they should not add any extra money to it as this would be considered unfair or unjust. This hadith also teaches us about fairness and justice in our dealings with others; we must always strive to ensure that everyone involved is treated fairly and justly. Furthermore, this hadith encourages us to think carefully before making any financial decisions as we must always consider how our actions will affect those around us.

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