This website uses cookies to improve services, analyse traffic to our site, deliver content and provide tailored ads. By using this site, you agree to this use. See our Cookie Policy.

Barter

Sulaiman b. Abi Muslim informed us saying: I asked Abu al-Minhal about barter which is carried out by immediate exchange (by both the parties). He said: ‘I and my partner bartered a thing on the basis of immediate delivery and another on deferred delivery basis.” Then Bara‘ b. Azib called upon us. We asked him (about this). He said: “I and my partner Zaid b. Arqam did the same and we asked the Holy Prophet (Sall Allah-o-alaihe wa sallam) about this.” He (the Holy Prophet, Sall Allah-o-alaihe wa sallam) said: “Whatever is (bartered) on immediate delivery basis is lawful and whatever is (bartered) on the deferred delivery basis is unlawful.”

 


Get access to 100+ modules today and learn from expert trainers...


Source: Economic Teachings of Prophet Muhammad (peace be upon him): A Select Anthology of Hadith Literature on Economics, Muhammad Akram Khan. Republished with permission.