The Book of Financial Transactions

كتاب البيوع

Chapter 46: Selling Dirhams For Dirhams

It was narrated that Mujahid said

"Umar said: Dinar for Dinar, Dirham for Dirham, no difference between them, this is the obligation that our Prophet enjoined upon us."

It was narrated that Abu Hurairah said

"The Messenger of Allah said: 'Gold for gold, weight for weight, like for like; and silver for silver, weight for weight, like for like. Whoever gives more or takes more has engaged in Riba."'

Chapter 47: Seling Gold For Gold

It was narrated from Abu Saeed Al-Khudri that the Messenger of Allah said

"Do not sell gold for gold except like for like and do not differentiate. Do not sell silver for silver except like for like, and do not sell it in return for something to be paid later."

It was narrated that Abu Saeed Al-Khudri said

"My eyes saw and my ears heard the Messenger of Allah. And he mentioned the prohibition of (selling) gold for gold and silver for silver, unless it is equal amounts, like for like. And do not sell it in return for something to be paid later, and do not differentiate."

It was narrated from 'Ata' bin Yasir that

Muawiyah sold a cup of gold or silver for more than its weight. Abu Ad-Darda' said: "I heard the Messenger of Allah forbid such transactions unless it was like for like."

Chapter 48: Selling a Necklace Containing Games And Gold For Gold

It was narrated the Fadalah bin 'Ubaid said

"On the Day of Khaibar I bought a necklace containing gold and ggems for twelve Dinars. The I took it apart and found that it contatined more than twelve Dinars. Mentiion of that was made to the Prophet and he said: 'It should not be sold until it is taken apart."

It was narrated that Fadalah bin 'Ubad said

"On the Day of Khaibar I got a necklace containing gold and gems, and I wanted to sell it. Mention of that was made to the Prophet and he said: 'Take it apart, and then sell it."'

Chapter 49: Selling Silver For Gold On Credit.

It was narrated that abu Al-Minhal said

"Sharik sold some silver on credit for me. He came to me and told me. And I said: 'This is not correct.' He said; 'By Allah, I did this transaction in the market and no one criticized me .' So I went to Al-Bara bin Azib and asked him about that. He said: 'The Prophet came to us in Al-Madinah and we used to do this kind of transaction, but he said: Whatever is hand to hand, there is nothing wrong with it, but whatever is on credit, is Riba. Then he said to me: 'Go to Zaid bin Arqam.' So I went to him and asked him, and he said the same thing."

Abu Al-Minhal said

" I asked Al-Bara bin 'Azib and Zaid bin Arqam and they said: 'We were merchants at the time of the Messenger of Allah and we asked the Prophet of Allah about money exchange. He said: "If it is done hand to hand there is nothing wrong with it, but if it is done on credit then it is not right."

Abu Al-Minhal said

"I asked Al-Bara bin 'Azib about money exchange. He said: 'Ask Zaid bin Arqam, for he is better than me and more knowledgeable.' So I asked Zaid and he said: 'Ask Al-Bara for he is better than me and more knowledgeable.' And they both said: 'The Messenger of Allah forbade (selling) silver for gold on credit."'

Chapter 50: Selling Silvder For Gold And Selling Gold For Silver

'Abdur-Rahman bin Abi Bakrah narrated that his father said

"The Messenger of Allah forbade selling silver for silver and gold for gold, unless it was of equal amounts. And he told us to sell gold for silver however we wanted, and silver for gold however we wanted.

It was narrated from 'Abdur-Rahman bin Abi Bakrah that his father said

"The Messenger of Allah forbade us from selling silver for silver unless it was of equal amounts, or selling gold for gold unless it was of equal amounts. The messenger of Allah said: 'Sell gold for silver however you want, and silver for gold however you want."'

Usmah bin Zaid Narrated that the Messenger of Allah said

"There is no Riba except in credit.'

It was narrated that Abu Salih heard Abu Saeed Al-Khudri say

"I said to Ibn Abbas: 'Do you think that what you are saying is something that you found in the Book of Allah, or something that you heard from the Messenger of Allah?' He said: 'I did not find it in the Book of Allah, nor did I hear it from the messenger of Allah, rather Usamah bin Zaid told me that the Messenger of Allah said: 'Riba is only in credit."'

It was narrated that Ibn 'Umar said

"I used to sell camels at Al-Baqi and I would sell Dinars in exchange for Dirhams. I came to the Prophet in the house of Hafsah and said: 'O Messenger of Allah, I want to ask you: I sell camels in Al-Baqi and I sell Dinars in exchange for Dirhams. He said: 'There is nothing wrong with it if you take the price on that day, unless you depart when there is still unfinished business between you both (buyer and seller)."'

Chapter 51: Exchanging Silver For Gold And Gold For Silver, And Mentioning The Different Wordings Reported In The Narration Of Ibn 'Umar

It was narrated that Ibn 'Umar said

"I used to sell gold for silver, or silver for gold. I came to the Messenger of Allah and told him about that, and he said: 'If you make a deal with your companion, d o not leave him when there is still any ambiguity (in the deal) between you."'

It was narrated from Saeed bin Jubair that

he did not like to exchange Dinars for Dirhams or Dirhams for Dinars.

It was narrated from Saeed bin Jubair, from Ibn 'Umar, that

he did not see anything wrong with parying Dirhams for Dinars.

It was narrated from Ibrahim, with regard to exchanging Dirnars for Dirhams, that

he disliked it (this transaction) if it was done on credit. (Da 'if )

It was narrated from Saeed bin Jubair that

he did not see anything wrong with it even if it was on credit.