44/41. Chapter:
Sunan an-Nasai 4558 — Spot Exchange and Riba
Selling Dates for Dates Of Different Quality
Hadith About Spot Exchange: Gold, Silver, Dates, Wheat, and Barley
Sunan an-Nasai : 4558
Sunan an-NasaiHadith Number 4558
أَخْبَرَنَا إِسْحَاقُ بْنُ إِبْرَاهِيمَ، قَالَ حَدَّثَنَا سُفْيَانُ، عَنِ الزُّهْرِيِّ، عَنْ مَالِكِ بْنِ أَوْسِ بْنِ الْحَدَثَانِ، أَنَّهُ سَمِعَ عُمَرَ بْنَ الْخَطَّابِ، يَقُولُ قَالَ رَسُولُ اللَّهِ صلى الله عليه وسلم " الذَّهَبُ بِالْوَرِقِ رِبًا إِلاَّ هَاءَ وَهَاءَ وَالتَّمْرُ بِالتَّمْرِ رِبًا إِلاَّ هَاءَ وَهَاءَ وَالْبُرُّ بِالْبُرِّ رِبًا إِلاَّ هَاءَ وَهَاءَ وَالشَّعِيرُ بِالشَّعِيرِ رِبًا إِلاَّ هَاءَ وَ هَاءَ " .
'Umar bin Al-Khattab Narrated from:
The Messenger of Allah said: '(Exchanging) gold for silver is Riba unless it is done on the spot. (Exchanging) dates for dates is Riba unless it is done on the spot. (Exchanging) wheat for wheat is Riba unless it is done on the spot. (Exchanging) barley is Riba unless it is done on the spot.'
Reference : Sunan an-Nasa'i 4558In-book reference : Book 44, Hadith 110English translation : Vol. 5, Book 44, Hadith 4562
Summary of Sunan an-Nasai Hadith 4558
This hadith lists several exchanges and links them to being done on the spot. The Messenger of Allah said that gold for silver is Riba unless it is done on the spot. He also mentioned dates for dates, wheat for wheat, and barley for barley with the same condition. The core topic is spot exchange and riba. The narration is not about modern pricing details. It is about the timing of the exchange named in the text. For people searching gold for silver riba hadith, hand to hand exchange hadith, or Islamic finance spot exchange, this hadith gives a clear and direct rule.
What we learn from this hadith
- Gold for silver must be exchanged on the spot in this narration.
- Dates for dates, wheat for wheat, and barley for barley are also mentioned.
- Delay in these listed exchanges is warned against as Riba.
