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‏البيوع (The Book of Business Transactions)
CHAPTER: THE SALE OF SILVER FOR GOLD IS PROHIBITED WHEN PAYMENT IS TO BE MADE IN FUTURE  

No. 3859

Abu Minhal reported: My partner sold silver to be paid in the (Hajj) season or (in the days of) Hajj. He (my partner) came to me and informed me, and I said to him: Such transaction is not desirable. He said: I sold it in the market (on loan) but nobody objected to this. I went to al-Bara' b. 'Azib and asked him, and he said: Allaah's Prophet (sallAllaahu alayhi wa sallam) came to Medina and we made such transaction, whereupon he said: In case the payment is made on the spot, there is no harm in it, and in case (it is 'sold) on loan, it is usury. You better go to Zaid b. Arqam, for he is a greater trader than I; so I went to him and asked him, and he said like it.

No. 3860

Habib reported that he heard Abu Minhal as saying: I asked al-Bara' b. Azib about the exchange of (gold for silver or vice versa), whereupon he said: you better ask Zaid b. Arqam for he knows more than I. So I asked Zaid but he said: You better ask al-Bara' for he knows more than I. Then both of them said: Allaah's Messenger (sallAllaahu alayhi wa sallam) forbade the sale of silver for gold when payment is to be made in future.

No. 3861

Abd al-Rabman b. Abia Bakra reported on the authority of his father that Allaah's Messenger (sallAllaahu alayhi wa sallam) forbade the sale of gold for gold, and silver for silver except equal for equal, and commanded us to buy silver for gold as we desired and buy gold for silver as we desired. A person asked him (about the nature of payment), whereupon he said: It is to be made on the spot. This is what I heard (from Allaah's Messenger (sallAllaahu alayhi wa sallam ).

No. 3862

Abd al-Rabman b. Abu Bakra said: Allaah's Messenger (sallAllaahu alayhi wa sallam) prohibited us. The rest of the hadith is the same.




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