The Meaning of the Hadith: Gold for Gold and Wheat for Wheat
Machine translationRead the Arabic original
Question:
Abu 'Ammar says, from Syria: Honorable Shaykh, what is the meaning of these phrases?
Answer:
The meaning of this is that if gold is sold for gold, or wheat for wheat, two things are required: equality in quantity and immediate exchange in the session of the contract. If there is a difference in quantity and they are of the same type, this is riba (usury or interest), called riba al-fadl (usury of excess in a like-for-like exchange). If they are equal in quantity but the possession of one of the two items, or both, is not obtained, this is riba al-nasi'ah (usury of deferment), and it is forbidden.
The presenter:
May Allah reward you with good.
Abu 'Ammar says, from Syria: Honorable Shaykh,
Gold for gold, wheat for wheat, hand to hand, equal in measure
الذهب بالذهب البر بالبر يدا بيد مثلا بمثلAnswer:
The meaning of this is that if gold is sold for gold, or wheat for wheat, two things are required: equality in quantity and immediate exchange in the session of the contract. If there is a difference in quantity and they are of the same type, this is riba (usury or interest), called riba al-fadl (usury of excess in a like-for-like exchange). If they are equal in quantity but the possession of one of the two items, or both, is not obtained, this is riba al-nasi'ah (usury of deferment), and it is forbidden.
The presenter:
May Allah reward you with good.
Source
نور على الدرب - الفوزان - 03/137 — archive.org (15:49)
The Arabic text is a machine transcription of the audio recording.