Benefits of the Hadith: (Gold for gold, silver for silver, wheat for wheat...)
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The Shaykh : And the hadith of 'Ubadah ibn al-Samit contains evidence that these six categories are subject to riba, and that there are two types of riba in them:
riba al-fadl (usury of excess in a like-for-like exchange) and riba al-nasi'ah (usury of deferment). If a thing is sold for its own kind, both riba al-fadl and riba al-nasi'ah are present in it; if it is sold for a different kind, only riba al-nasi'ah is present. The evidence is his saying (peace and blessings be upon him):Sahih Muslim 1587c : This contains the requirement of equality and immediate exchange, which is good.
Sahih Muslim 1587c : This contains riba al-nasi'ah if the kind differs.
The apparent meaning of the hadith is that this ruling applies if one sells dates for dirhams, or wheat for dirhams, or barley for dirhams, or salt for dirhams, is that not so?
The student: Yes.
The Shaykh : Yes, but we mentioned during the explanation that the Sunnah indicated that immediate exchange is not obligatory if one of the items is currency. What is the Sunnah that clarified this? Salam (a forward sale paid in advance). The hadith of Ibn 'Abbas: .
riba al-fadl (usury of excess in a like-for-like exchange) and riba al-nasi'ah (usury of deferment). If a thing is sold for its own kind, both riba al-fadl and riba al-nasi'ah are present in it; if it is sold for a different kind, only riba al-nasi'ah is present. The evidence is his saying (peace and blessings be upon him):
like for like and equal for equal, payment being made hand to hand
مثلا بمثل ، سواء بسواء ، يدًا بيدIf these classes differ, then sell as you wish if payment is made hand to hand.
فإذا اختلفت هذه الأصناف فبيعوا كيف شئتم إذا كان يدًا بيدThe apparent meaning of the hadith is that this ruling applies if one sells dates for dirhams, or wheat for dirhams, or barley for dirhams, or salt for dirhams, is that not so?
The student: Yes.
The Shaykh : Yes, but we mentioned during the explanation that the Sunnah indicated that immediate exchange is not obligatory if one of the items is currency. What is the Sunnah that clarified this? Salam (a forward sale paid in advance). The hadith of Ibn 'Abbas: