Mishkat al-Masabih #2890
Business Transactions
The Arabic includes the chain of narration (sanad) and the collector's commentary; the English translation shows the Prophet's words only.
عَنْ جَابِرٌ عَنِ النَّبِيِّ صَلَّى اللَّهُ عَلَيْهِ وَسَلَّمَ قَالَ: «لَا ترقبوا أَو لَا تُعْمِرُوا فَمَنْ أُرْقِبَ شَيْئًا أَوْ أُعْمِرَ فَهِيَ لوَرثَته» . رَوَاهُ أَبُو دَاوُد
Jabir reported the Prophet as saying, “Do not give property to go to the survivor* and do not give life-tenancy, for if anyone is given either the property goes to his heirs."
*This is said to be objectionable, as it may lead to the men hoping the other will die first.
Abu Dawud transmitted it.
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About Mishkat al-Masabih
This hadith is #2890 from Mishkat al-Masabih, in the Book of Business Transactions.