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Sunan Ibn Majah 2194 (Book 12, Hadith 58) #31546
Forbidden Transactions

SUMMARY: The Prophet Muhammad forbade certain types of transactions.

It was narrated that Abu Hurairah said: "The Messenger of Allah forbade Gharar transaction sand Hasah transactions".
حَدَّثَنَا مُحْرِزُ بْنُ سَلَمَةَ الْعَدَنِيُّ، حَدَّثَنَا عَبْدُ الْعَزِيزِ بْنُ مُحَمَّدٍ، عَنْ عُبَيْدِ اللَّهِ، عَنْ أَبِي الزِّنَادِ، عَنِ الأَعْرَجِ، عَنْ أَبِي هُرَيْرَةَ، قَالَ نَهَى رَسُولُ اللَّهِ ـ ـ عَنْ بَيْعِ الْغَرَرِ وَعَنْ بَيْعِ الْحَصَاةِ

TOPICS
transaction  *  prohibition  *  tijarah  *  nahy  *  gharar  *  hasah

QUICK LESSONS:
Be honest in your dealings with others; Strive for fairness; Avoid taking unnecessary risks when engaging in any kind of transaction

EXPLANATIONS:
The Prophet Muhammad taught us that certain types of transactions are forbidden. These include Gharar and Hasah transactions. Gharar is a type of transaction where there is a high level of uncertainty or risk involved in the deal, such as when buying something without knowing what it is or what its quality is like. Hasah involves guessing or speculation about the outcome of a transaction, such as betting on an uncertain event. Both these types of transactions are prohibited by the Prophet Muhammad because they involve taking unnecessary risks and can lead to unfairness and exploitation.

The Prophet Muhammad also taught us that we should always be honest in our dealings with others and strive for fairness in all our business dealings so that everyone benefits from them equally. We should also avoid taking unnecessary risks when engaging in any kind of transaction, as this could lead to losses for both parties involved.

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