A similar tradition has also been transmitted by Ibn Abbas though a different chain of narrators. This version says: "He (the Prophet) purchased a calf from a caravan, but he had no money with him. He then sold it with some profit and gave the profit in charity to the poor and widows of Banu Abd al-Muttalib. He then said: I shall not buy anything after this but only when I have money with me.
Explanation & Benefits
Shaykh Umar Farooq Saeedi
Benefits and Issues:
This narration is weak in its chain of transmission.
However, it is a fact that sometimes even a short-term debt becomes a source of distress for a person.
Therefore, as much as possible, a person should avoid it.
And now the situation is such that traders, in their commercial greed, do not hesitate to take long-term and heavy debts, and then sometimes they also have to pay interest (riba) on it,
which is absolutely impermissible and haram.
Source: Sunan Abu Dawood – Commentary by Shaykh Umar Farooq Saeedi, Page: 3344