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Musnad Ahmad 162 (Book 2, Hadith 79) #33854
Exchange of Goods Prohibited Unless On Spot

SUMMARY: The Prophet Muhammad (peace be upon him) prohibited the exchange of gold for silver, wheat for wheat, barley for barley and dates for dates unless it is done on the spot.

Malik bin 'Aws bin al-Hadathan heard 'Umar bin al Khattab رضي الله عنه say: The Messenger of Allah said ­- and on one occasion Sufyan said: 'Umar heard the Messenger of Allah say ­ "Gold for silver is riba unless it is exchanged on the spot lit'.this for that'), wheat for wheat is riba unless it is exchanged on the spot, barley for barley is riba unless it is exchanged on the spot, dates for dates is riba unless it is exchanged on the spot".
حَدَّثَنَا سُفْيَانُ، عَنِ الزُّهْرِيِّ، سَمِعَ مَالِكَ بْنَ أَوْسِ بْنِ الْحَدَثَانِ، سَمِعَ عُمَرَ بْنَ الْخَطَّابِ، رَضِيَ اللَّهُ عَنْهُ يَقُولُ قَالَ رَسُولُ اللَّهِ وَقَالَ سُفْيَانُ مَرَّةً سَمِعَ رَسُولَ اللَّهِ يَقُولُ الذَّهَبُ بِالْوَرِقِ رِبًا إِلَّا هَاءَ وَهَاءَ وَالْبُرُّ بِالْبُرِّ رِبًا إِلَّا هَاءَ وَهَاءَ وَالشَّعِيرُ بِالشَّعِيرِ رِبًا إِلَّا هَاءَ وَهَاءَ وَالتَّمْرُ بِالتَّمْرِ رِبًا إِلَّا هَاءَ وَهَاءَ‏.‏

TOPICS
exchange  *  spot  *  riba  *  tawap  *  hazanah

QUICK LESSONS:
Exchange goods on the spot if you want to trade them with someone else's good .

EXPLANATIONS:
This hadith explains that exchanging goods such as gold, silver, wheat, barley and dates is not allowed unless it is done on the spot. This means that if someone wants to exchange one good with another then they must do so immediately without any delay or waiting period in between. The Prophet Muhammad ﷺ taught us this lesson to ensure fairness in transactions and to prevent people from taking advantage of each other by charging extra money or interest when exchanging goods. He also wanted us to be honest in our dealings with others and not take advantage of them financially or otherwise. By following this teaching we can ensure justice and fairness in all our transactions which will lead to a more harmonious society where everyone can benefit from each other’s services without fear of exploitation or unfairness.

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