It is to be made on the spot. This is what I heard (from Allah's Messenger (may peace be upon him ).
Narrated by Abd al-Rabman b. Abia Bakra reported on the authority of his father that Allah's Messenger (ﷺ) 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:
Context
Abd al-Rabman b. Abia Bakra narrates that the Prophet Muhammad (ﷺ) prohibited unequal transactions in gold and silver, emphasizing the need for fairness in trade. He allowed for flexibility in buying silver with gold and vice versa, which reflects a balanced approach to commerce. The takeaway underscores the importance of ethical trading practices.
Modern Application
This principle can be applied today by encouraging fair and equitable trading practices. It serves as a reminder to engage in transactions that are just and beneficial for all parties involved.
Topics
This hadith is tagged with Buying and Selling and Trade Ethics because it addresses the principles of fairness and equality in financial transactions.
This hadith is #3944 from Sahih Muslim, in the Book of The Book of Musaqah. It is graded Sahih and narrated by Abd al-Rabman b. Abia Bakra reported on the authority of his father that Allah's Messenger (ﷺ) 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:.
