One Who Says That There Is No Usury Except In Credit
Darussalam · Volume 3
12. The Chapters On Business TransactionsSunan Ibn Majah Darussalam English translation
الحديث: 2258 ¦ الجزء: 2 ¦ الصفحة: 759
Source no. 2258 · Volume 5 · Page 258
Sahih
صحيح، الإرواء (٥ / ١٨٧) ، أحاديث البيوع
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2258. It was narrated that Abu Jawzâ' said: "I heard him - meaning Ibn 'Abbâs - allowing exchange (of Dirhams for Dirham etc., if extra was given) and that was narrated from him. Then I heard that he has taken back this opinion. I met him in Makkah and said: 'I heard that you had taken back (your opinion).' He said: 'Yes. That was just my own opinion, but Abu Sa'eed narrated from the Messenger of Allâh ﷺ that he forbade exchange (of like items if extra is given).'" (Sahih)
2258 - حَدَّثَنَا أَحْمَدُ بْنُ عَبْدَةَ قَالَ: أَنْبَأَنَا حَمَّادُ بْنُ زَيْدٍ، عَنْ سُلَيْمَانَ بْنِ عَلِيٍّ الرِّبْعِيِّ، عَنْ أَبِي الْجَوْزَاءِ، قَالَ: سَمِعْتُهُ يَأْمُرُ بِالصَّرْفِ، يَعْنِي ابْنَ عَبَّاسٍ، وَيُحَدَّثُ ذَلِكَ عَنْهُ، ثُمَّ بَلَغَنِي أَنَّهُ رَجَعَ عَنْ ذَلِكَ، فَلَقِيتُهُ بِمَكَّةَ، فَقُلْتُ: إِنَّهُ بَلَغَنِي أَنَّكَ رَجَعْتَ، قَالَ: نَعَمْ، إِنَّمَا كَانَ ذَلِكَ رَأْيًا مِنِّي، وَهَذَا أَبُو سَعِيدٍ، يُحَدِّثُ عَنْ رَسُولُ اللَّهِ صَلَّى اللهُ عَلَيْهِ وَسَلَّمَ، «أَنَّهُ نَهَى عَنِ الصَّرْفِ»
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Bai' Sarf is to exchange gold for silver or silver for gold, or the exchange of one country's currency with the currency of other country. Currency of a country is one class, and the currency of another country is a different class, although their name is same; for example: As Pakistani rupee and the Indian rupee are two different classes. c. It is an agreed view that the exchange of different classes of currency will be unlawful if one party pays cash on the spot and the other party promises to pay later; because the immediate payment from both sides is a condition. Another condition is that if the currency is of the same class, then the increase or decrease in the amount given and taken must not be practiced.