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.
Read More..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.
Read More..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. '
Read More..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.
Read More..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. '
Read More..Usmah bin Zaid Narrated that the Messenger of Allah said: There is no Riba except in credit.'
Read More..