1) lbn ‘Abbas reported that when Allah’s Prophet (Sall Allah-o-alaihe wa sallam) came to Medina, they were paying one and two years in advance for fruits, so he said: “Those who pay in advance for anything must do so for a specified measure or for a specified weight and for a definite time.”
Ibn ‘Abbas reported that when Allah’s Messenger (Sall Allah-o-alaihe wa sallam) came to (Medina) and the people were paying in advance (for the fruits, etc.) he said to them: “He, who makes an advance payment, should not make advance payment except for a specified measure and weight.”
2) Ibn ‘Umar reported that a person advanced money to another person for the purchase of date-palm trees (before they had borne fruits). That year the trees did not bear any fruit. Both of them brought their dispute to the Prophet (Sall Allah-o-alaihe wa sallam) who said (to the seller): For what have you made his money lawful for yourself; return his money back to him. Then he said: “Don’t enter into future bargains of date-palm fruits until the fruit has become clearly in good condition.”
Source: Economic Teachings of Prophet Muhammad (peace be upon him): A Select Anthology of Hadith Literature on Economics, Muhammad Akram Khan. Republished with permission.
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