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Text and translation
English translation
2253. It was narrated that Mālik bin Aws bin Hadathān Nasri said: "I heard 'Umar bin Al-Khattāb say: 'The Messenger of Allāh ﷺ said: "Exchanging gold for gold is usury, unless it is done on the spot. (Exchanging) wheat for wheat is usury, unless it is done on the spot. (Exchanging) barley for barley is usury unless it is done on the spot. (Exchanging) dates for dates is usury, unless it is done on the spot." (Sahih)
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Commentary
a. If the category of foodstuff is the same but the kinds are different, then it is lawful to exchange them for each other with two conditions; A): The quantity from both sides should be equal, for example: a Sâ' of a certain type of dates may be exchanged for a Sâ' of another kind of dates. But taking or giving two Sâ' of dates in exchange for one Sâ' of dates is unlawful. B) To exchange foodstuff with immediate payment that both parties exchange things in the same meeting.
b. Gold and silver have the same rule. Gold for gold should be exchanged with the payment on the spot, and equal weight.
c. But if the class is different, then it is allowed to decrease and increase the weight and quantity; for example: Barley in exchange for wheat, or silver for gold, the equality of quantity is not necessary in this form. But the exchange should be made with immediate payment from both sides.
d. If a person owns a low quality wheat and he wants to buy a better quality; the lawful method to do so is that he should sell his wheat for cash and then should buy the required wheat with money.