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Hadith 35131
Yahya related to me from Malik that he had heard that a man
wanted to buy food from a man in advance. The man who wanted to sell
the food to him went with him to the market, and he began to show him
heaps, saying, "Which one would you like me to buy for you." The buyer
said to him, "Are you selling me what you do not have?" So they came
to Abdullah ibn Umarand mentioned that to him. Abdallah ibn Umar said
to the buyer, "Do not buy from him what he does not have." He said to
the seller, "Do not sell what you do not have."
Muwatta Malik Book 31, Hadith 45
← Previous Hadith
Yahya related to me from Malik that he had heard that receipts
were given to people in the time of Marwan ibn al-Hakam for the
produce of the market at al-Jar. People bought and sold the receipts
among themselves before they took delivery of the goods. Zayd Thabit
and one of the Companions of the Messenger of Allah, may Allah bless
him and grant him peace, went to Marwan ibn al-Hakam and said,
"Marwan! Do you make usury halal?" He said, "I seek refuge with Allah!
What is that?" He said, "These receipts which people buy and sell
before they take delivery of the goods." Marwan therefore sent a guard
to follow them and to take them from people's hands and return them to
their owners. Muwatta Malik Book 31, Hadith 44
Next Hadith →
Yahya related to me from Malik that Yahya ibn Said heard Jamil
ibn Abd ar-Rahman the Muadhdhin say to Said ibn al-Musayyab, "I am a
man who buys whatever Allah wills of the receipts for the provisions
which people are offered at al-Jar. I want to take payment for goods
that I guarantee to deliver at a future date." Said said to him, "Do
you intend to settle these things with receipts for provisions you
have bought?" He said, "Yes." So he forbade that.
Malik said,
"The generally agreed on way of doing things among us in which there
is no dispute, about buying food - wheat, barley, durra-sorghum, pearl
millet, or any pulse or anything resembling pulses on which zakat is
obliged, or condiments of any sort - oil, ghee, honey, vinegar,
cheese, sesame oil, milk and so on, is that the buyer should not re-
sell any of that until he has taken possession and complete delivery
of it. Muwatta Malik Book 31, Hadith 46