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(Book 32, Hadith 2) #36445
Sharing Profits in Qirad

SUMMARY: Uthman ibn Affan gave someone money to use and the profit was to be shared between them.

Malik related to me from al-Ala ibn Abd ar-Rahman from his father from his father that Uthman ibn Affan gave him some money as qirad to use provided the profit was shared between them.
وَحَدَّثَنِي مَالِكٌ، عَنِ الْعَلاَءِ بْنِ عَبْدِ الرَّحْمَنِ، عَنْ أَبِيهِ، عَنْ جَدِّهِ، أَنَّ عُثْمَانَ بْنَ عَفَّانَ، أَعْطَاهُ مَالاً قِرَاضًا يَعْمَلُ فِيهِ عَلَى أَنَّ الرِّبْحَ بَيْنَهُمَا

TOPICS
profit  *  sharing  *  qirad

QUICK LESSONS:
Strive for fairness in our dealings with others; Do not take advantage of people; Be generous when sharing resources or profits; Remember Allah will reward those who are just and fair in their dealings with others.

EXPLANATIONS:
This hadith is about the concept of qirad which is a type of financial transaction where one person gives another person money to use and they share any profits made. This hadith teaches us that it is important for people to be fair when it comes to sharing profits or resources with others. It also shows us that we should always strive for fairness in our dealings with others and not take advantage of them or try to get more than what we are entitled too. We should also remember that Allah will reward those who are just and fair in their dealings with others.

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