He reported God’s Messenger as saying, "Do not sell gold for gold unless it is like for like, and do not make one amount greater than the other; do not sell silver for silver unless it is like for like, and do not make one amount greater than the other; and do not sell for ready money something to be given later*.” A version has, "Do not sell gold for gold or silver for silver unless both are of equal weight.”
(Bukhari and Muslim.)
* Payment is not to be made till the goods are received.
‘Umar reported God's Messenger as saying, "Gold for gold is usury unless both hand over on the spot*; silver for silver is usury unless both hand over on the spot; wheat for wheat is usury unless both hand over on the spot; barley for barley is usury unless both hand over on the spot; dates for dates is usury unless both hand over on the spot."
(Bukhari and Muslim.)
*"the Arabic is ha’ waha’ meaning literally "take and take”.
Abu Sa'id al-Khudri reported God’s Messenger as saying, "Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like, payment being made on the spot. If anyone gives more or asks more he has dealt in usury. The receiver and the giver are equally guilty.”
