وَقَوْلِهِ : رِجَالٌ لا تُلْهِيهِمْ تِجَارَةٌ وَلا بَيْعٌ عَنْ ذِكْرِ اللَّهِ سورة النور آية 37 ، وَقَالَ قَتَادَةُ : كَانَ الْقَوْمُ يَتَبَايَعُونَ وَيَتَّجِرُونَ ، وَلَكِنَّهُمْ إِذَا نَابَهُمْ حَقٌّ مِنْ حُقُوقِ اللَّهِ ، لَمْ تُلْهِهِمْ تِجَارَةٌ وَلَا بَيْعٌ عَنْ ذِكْرِ اللَّهِ حَتَّى يُؤَدُّوهُ إِلَى اللَّهِ .
And the statement of Allah Almighty «رجال لا تلهيهم تجارة ولا بيع عن ذكر الله» (in Surah An-Nur): "There are men whom neither trade nor sale distracts from the remembrance of Allah." Qatadah said: There were some people who used to buy and sell and trade, but if any of the rights of Allah came before them, their trade and buying and selling could not distract them from the remembrance of Allah, until they had fulfilled the right of Allah. (They would not find peace until then.)
Narrated Abu Al-Minhal: I used to practice money exchange, and I asked Zaid bin 'Arqam about it, and he narrated what the Prophet said in the following: Abu Al-Minhal said, "I asked Al-Bara' bin `Azib and Zaid bin Arqam about practicing money exchange. They replied, 'We were traders in the time of Allah's Apostle and I asked Allah's Apostle about money exchange. He replied, 'If it is from hand to hand, there is no harm in it; otherwise it is not permissible."
Explanation & Benefits
Maulana Dawood Raz
Hadith Footnote:
For example, if one person gives cash money and the other says, "I will give you the equivalent money after one month," then this is not permissible.
In the transaction of currency exchange (bay‘ sarf), it is a condition according to all scholars that both exchanged items must be handed over on the spot (taqabud), and it is not valid with a delay. Now, there is a difference of opinion regarding whether, if the type is the same—for example, exchanging rupees for rupees or gold coins for gold coins—an increase or decrease is permissible or not. According to the Hanafis, when the type is the same, any increase or decrease is not permissible, and according to their school, exchanging old and new coins becomes difficult. It is better to add some coins of another type so that increase and decrease become permissible according to all scholars.
(Wahidi)
From the generality of this hadith, Imam Bukhari rahimahullah has deduced that conducting trade on land is permissible.
Source: Sahih Bukhari: Commentary by Maulana Dawood Raz, Page: 2060
Shaykh Abdul Sattar al-Hammad
Hadith Commentary:
(1)
Imam Bukhari rahimahullah has established, from the generality of the noble verse and the hadith, the permissibility of engaging in trade on land and elsewhere. Thus, Hazrat Bara’ bin Azib and Hazrat Zayd bin Arqam radi Allahu anhuma said:
We were engaged in the profession of trade during the time of the Messenger of Allah sallallahu alayhi wa sallam.
From these words, Imam Bukhari rahimahullah has substantiated his point.
(2)
The mutual exchange of gold and silver coins is called "sarf" (currency exchange).
There are two forms of this:
• Silver for silver, and gold for gold.
For this to be permissible, two conditions must be met:
• The weight of both must be equal.
• The exchange must be hand to hand (immediate).
If on one side it is cash and on the other side deferred, or if in the case of cash there is any deficiency or excess in weight, then the transaction becomes haram (forbidden).
• Purchasing gold with silver or silver with gold.
In this case, it is not necessary for the weights to be equal; however, it is necessary for the exchange to be immediate (hand to hand).
If the transaction is deferred along with any deficiency or excess, then it will not be permissible.
We will explain its details further ahead; however, Imam Bukhari rahimahullah has established from the generality of this hadith the permissibility of trade on land.
And Allah knows best.
Source: Hidayat al-Qari: Commentary on Sahih Bukhari, Urdu, Page: 2060