The Meaning of Gold for Gold and Barley for Barley, Hand to Hand
Machine translationRead the Arabic original
Question:
Abu 'Abdullah asks about gold for gold, and barley for barley, hand to hand, like for like. What is an example of that? And what is the meaning of this phrase?
Answer:
This concerns the prohibition of riba (usury or interest). When gold is sold for gold, or barley for barley, or wheat for wheat, or dates for dates, or salt for salt, or raisins for raisins, there must be equality in quantity, and there must be immediate exchange in the presence of the parties, in order to avoid the two types of riba: riba al-fadl (usury of excess in a like-for-like exchange) and riba al-nasi'ah (usury of deferment). Yes.
The presenter:
May Allah reward you,
Abu 'Abdullah asks about gold for gold, and barley for barley, hand to hand, like for like. What is an example of that? And what is the meaning of this phrase?
Answer:
This concerns the prohibition of riba (usury or interest). When gold is sold for gold, or barley for barley, or wheat for wheat, or dates for dates, or salt for salt, or raisins for raisins, there must be equality in quantity, and there must be immediate exchange in the presence of the parties, in order to avoid the two types of riba: riba al-fadl (usury of excess in a like-for-like exchange) and riba al-nasi'ah (usury of deferment). Yes.
The presenter:
May Allah reward you,
Source
نور على الدرب - الفوزان - 02/295 — archive.org (13:29)
The Arabic text is a machine transcription of the audio recording.