Muwatta Malik #1394
Business Transactions
Yahya related to me from Malik that Yahya ibn Said heard Jamil
ibn Abd ar-Rahman the Muadhdhin say to Said ibn al-Musayyab, "I am a
man who buys whatever Allah wills of the receipts for the provisions
which people are offered at al-Jar. I want to take payment for goods
that I guarantee to deliver at a future date." Said said to him, "Do
you intend to settle these things with receipts for provisions you
have bought?" He said, "Yes." So he forbade that.
Malik said,
"The generally agreed on way of doing things among us in which there
is no dispute, about buying food - wheat, barley, durra-sorghum, pearl
millet, or any pulse or anything resembling pulses on which zakat is
obliged, or condiments of any sort - oil, ghee, honey, vinegar,
cheese, sesame oil, milk and so on, is that the buyer should not re-
sell any of that until he has taken possession and complete delivery
of it.
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About Muwatta Malik
This hadith is #1394 from Muwatta Malik, in the Book of Business Transactions. Muwatta Malik contains 1,985 hadiths across 61 books.