44/49. Chapter:
Sunan an-Nasai 4576 — Currency Exchange Must Be Hand-to-Hand
Selling Silver For Gold On Credit.
Hadith About Money Exchange: Hand-to-Hand, Not on Credit
Sunan an-Nasai : 4576
Sunan an-NasaiHadith Number 4576
أَخْبَرَنِي إِبْرَاهِيمُ بْنُ الْحَسَنِ، قَالَ حَدَّثَنَا حَجَّاجٌ، قَالَ قَالَ ابْنُ جُرَيْجٍ أَخْبَرَنِي عَمْرُو بْنُ دِينَارٍ، وَعَامِرُ بْنُ مُصْعَبٍ، أَنَّهُمَا سَمِعَا أَبَا الْمِنْهَالِ، يَقُولُ سَأَلْتُ الْبَرَاءَ بْنَ عَازِبٍ وَزَيْدَ بْنَ أَرْقَمَ فَقَالاَ كُنَّا تَاجِرَيْنِ عَلَى عَهْدِ رَسُولِ اللَّهِ صلى الله عليه وسلم فَسَأَلْنَا نَبِيَّ اللَّهِ صلى الله عليه وسلم عَنِ الصَّرْفِ فَقَالَ " إِنْ كَانَ يَدًا بِيَدٍ فَلاَ بَأْسَ وَإِنْ كَانَ نَسِيئَةً فَلاَ يَصْلُحُ " .
Abu Al-Minhal Narrated from:
I asked Al-Bara bin 'Azib and Zaid bin Arqam and they said: 'We were merchants at the time of the Messenger of Allah and we asked the Prophet of Allah about money exchange. He said: "If it is done hand to hand there is nothing wrong with it, but if it is done on credit then it is not right."
Reference : Sunan an-Nasa'i 4576In-book reference : Book 44, Hadith 128English translation : Vol. 5, Book 44, Hadith 4580
Summary of Sunan an-Nasai Hadith 4576
This hadith about money exchange reports that Abu Al-Minhal asked Al-Bara bin Azib and Zaid bin Arqam. They said they were merchants during the time of the Messenger of Allah and asked the Prophet about money exchange. His answer was simple: if it is done hand to hand, there is nothing wrong with it; if it is done on credit, then it is not right. The main search phrase is money exchange hand to hand hadith. The text does not discuss all business contracts. It speaks about exchange, the timing of payment, and the difference between immediate exchange and credit. The teaching is clear for anyone reading about riba and currency exchange.
What we learn from this hadith
- The question was about money exchange.
- The Prophet allowed the form that is hand to hand in this report.
- The credit form was described as not right.
- The narration comes from merchants who asked about their trade.
