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‏البيوع (The Book of Business Transactions)
CHAPTER: CONVERSION OF CURRENCY AND SELLING OF GOLD FOR SILVER ON THE SPOT  

No. 3850

Malik b. Aus b. al-Hadathan reported: I came saying who was prepared toexchange dirhams (for my gold), whereupon Talha b. Ubaidullah (Allaah be pleased with him) (as he was sitting with 'Umar b. Khattib) said: Show us your gold and then come to us (at a later time). When our servant would come we would give you your silver (dirhams due to you). Thereupon 'Umar b. al-Khattib (Allaah be pleased with him) said: Not at all. By Allaah, either give him his silver (coins). or return his gold to him, for Allaah's Messenger (sallAllaahu alayhi wa sallam) said: Exchange of silver for gold (has an element of) interest in it. except when (it is exchanged) on the spot;and wheat for wheat is an interest unless both are handed over on the spot: barley for barley is interest unless both are handed over on the spot; dates for dates is interest unless both are handed over on the Spot.

No. 3851

This hadith has been narrated on the authority of Zuhri with the same chain of transmitters.

No. 3852

Abil Qiliba reported: I was in Syria (having) a circle (of friends). in which was Muslim b. Yasir. There came Abu'l-Ash'ath. He (the narrator) said that they (the friends) called him: Abu'l-Ash'ath, Abu'l-Ash'ath, and he sat down. I said to him: Narrate to our brother the hadith of Ubada b. Samit. He said: Yes. We went out on an expedition, Mu'awiya being the leader of the people, and we gained a lot of spoils of war. And there was one silver utensil in what we took as spoils. Mu'awiya ordered a person to sell it for payment to the people (soldiers). The people made haste in getting that. The news of (this state of affairs) reached 'Ubada b. Samit, and he stood up and said: I heard Allaah's Messenger (sallAllaahu alayhi wa sallam) forbidding the sale of gold by gold, and silver by silver, and wheat by wheat, and barley by barley, and dates by dates, and salt by salt, except like for like and equal for equal. So he who made an addition or who accepted an addition (committed the sin of taking) interest. So the people returned what they had got. This reached Mu'awiya. and he stood up to deliver an address. He said: What is the matter with people that they narrate from the Messenger (sallAllaahu alayhi wa sallam) such tradition which we did not hear though we saw him (the Prophet) and lived in his company? Thereupon, Ubida b. Samit stood up and repeated that narration, and then said: We will definitely narrate what we heard from Allaah's Messenger (sallAllaahu alayhi wa sallam) though it may be unpleasant to Mu'awiya (or he said: Even if it is against his will). I do not mind if I do not remain in his troop in the dark night. Hammad said this or something like this.

No. 3853

Ubida b. al-Simit (Allaah be pleased with him) reported Allaah's Messenger (sallAllaahu alayhi wa sallam) as saying: Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like and equal for equal, payment being made hand to hand. If these classes differ, then sell as you wish if payment is made hand to hand.

No. 3854

Abu Sa'id al-Khudri (Allaah be pleased with him) reported Allaah's Messenger (sallAllaahu alayhi wa sallam) as saying: Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, salt by salt, like by like, payment being made hand to hand. He who made an addition to it, or asked for an addition, in fact dealt in usury. The receiver and the giver are equally guilty.

No. 3855

This hadith has been narrated on the authority of Abu Sa'id al-Khudri (Allaah be pleased with him) through another chain of transmitters.

No. 3856

Abu Huraira (Allaah be pleased with him) reported Allaah's Messenger (sallAllaahu alayhi wa sallam) as saying: Dates are to be paid for by dates, wheat by wheat, barley by barley, salt by salt, like for like, payment being made on the spot. He who made an addition or demanded an addition, in fact, dealt in usury except in case where their classes differ. This hadith has been narrated on the authority of Fudail b. Ghazwan with the same chain of transmitters, but he made no mention of (payment being) made on the spot.

No. 3857

Abu Huraira (Allaah be pleased with him) reported Allaah's Mess-., nger (sallAllaahu alayhi wa sallam) as saying: Gold is to be paid for by gold with equal weight, like for like, and silver is to be paid for by silver with equal weight, like for like. He who made an addition to it or demanded an addition dealt in usury.

No. 3858

Abu Huraira (Allaah be pleased with him) reported Allaah's Messenger (sallAllaahu alayhi wa sallam) as saying: Let dinar be exchanged for dinar, with no addition on either side and dirham be exchanged for dirham with no addition on either side. This hadith has been narrated on the authority of Musa b. Abu Tamim with the same chain of transmitters.




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