Sunan Ibn Majah #2016
The Arabic includes the chain of narration (sanad) and the collector's commentary; the English translation shows the Prophet's words only.
Context
This hadith illustrates a discussion about advance payments for goods not yet in possession, as narrated by Abu Mujalid. During the time of the Prophet Muhammad (ﷺ), it was common to make advance payments for items like grains and dates. This practice reflects the trust and agreements that were foundational in trade and commerce during that era.
Modern Application
In modern commerce, advance payments are still a common practice, especially in industries like real estate and agriculture. Understanding the principles behind these transactions can help ensure fairness and transparency in business dealings.
Topics
This hadith is tagged with Contracts & Agreements and Buying and Selling because it addresses the principles of advance payments in trade and the importance of mutual agreements.
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Common Words
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About Sunan Ibn Majah
This hadith is #2016 from Sunan Ibn Majah, in the Book of The Chapters on Business Transactions. It is graded Da'if and narrated by It was narrated that Abu Mujalid said:.