Benefits of the Hadith: (Do not sell gold for gold except in equal amounts...)
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The Shaykh : And from Abu Sa'id al-Khudri (may Allah be pleased with him) that the Messenger of Allah (peace and blessings be upon him) said: to the end of it:
In the hadith there is evidence for the prohibition of selling gold for gold in unequal amounts. It is understood from its generality that there is no difference between one of the two items being of better quality than the other or not, due to the generality of his saying:Sahih Muslim 1591d, or one being manufactured and the other not, due to the generality of his saying: Jami` at-Tirmidhi 1241Sahih (Darussalam).
And among the benefits of the hadith is also: the prohibition of selling silver for silver except in equal amounts, and what is said regarding gold is said regarding it.
And among the benefits of the hadith is: that it is forbidden to delay taking possession when gold is sold for gold, silver for silver, or gold for silver. For this reason, he followed the last phrase by saying:Sahih Muslim 1584a.
And among the benefits of the hadith is: the perfection of the explanation of the Messenger (may the prayer and peace of Allah be upon him), in that he (may the prayer and peace of Allah be upon him) detailed in a complete manner the sale of gold for gold and silver for silver.
Do not sell gold
لا تبيعوا الذهبIn the hadith there is evidence for the prohibition of selling gold for gold in unequal amounts. It is understood from its generality that there is no difference between one of the two items being of better quality than the other or not, due to the generality of his saying:
Do not sell gold for gold
لا تبيعوا الذهب بالذهبNarrated Nafi': "Ibn 'Umar and I went to Abu Sa'eed and he narrated to us: 'the Messenger of Allah (ﷺ) said - and I heard him with these [two] ears: "Do not sell gold for gold except kind for kind, nor sliver for silver except kind for kind, do not exchange more of one than the other, and do not sell what is not present from them for what is present." [Abu 'Eisa said:] There are narrations on this topic from Abu Bakr, 'Umar, 'Uthman, Abu Hurairah, Hisham bin 'Amir, Al-Bara', Zaid bin Arqam, Fadalah bin 'Ubaid, Abu Bakrah, Ibn 'Umar, Abu Ad-Darda', and Bilal. [He said:] The Hadith of Abu Sa'eed, from the Prophet (ﷺ) [about Riba] is a Hasan Sahih Hadith. This is acted upon according to the people of knowledge among the Companions of the Prophet (ﷺ) and others, except for what has been related from Ibn 'Abbas; he did not see any harm in exchanging gold for gold or silver for silver, more for less, when it is done hand in hand, and he said: "Riba' is only in credit." Similar it has been related from some of his companions. It has been related that Ibn 'Abbas changed his opinion when Abu Sa'eed narrated it to him from the Prophet (ﷺ). The first view is more correct. And this is acted upon according to the people of knowledge [among the Companions of the Prophet (ﷺ) and others]. It is the view of Sufyan Ath-Thawri, Ibn Al-Mubarak, Ash-Shafi'i, Ahmad, and Ishaq. It has been reported that Ibn Al-Mubarak said: "There is no difference over exchange."
لا تبيعوا الذهب بالذهب إلا مثلا بمثلAnd among the benefits of the hadith is also: the prohibition of selling silver for silver except in equal amounts, and what is said regarding gold is said regarding it.
And among the benefits of the hadith is: that it is forbidden to delay taking possession when gold is sold for gold, silver for silver, or gold for silver. For this reason, he followed the last phrase by saying:
and do not sell for ready money something to be given later
لا تبيعوا منها غائبًا بناجزAnd among the benefits of the hadith is: the perfection of the explanation of the Messenger (may the prayer and peace of Allah be upon him), in that he (may the prayer and peace of Allah be upon him) detailed in a complete manner the sale of gold for gold and silver for silver.