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Hadith 456

اَخْبَرَنَا عَبْدُالرَّزَاقِ، نَا مَعْمَرٌ، عَنِ ابْنِ طَاؤُوْسٍ، عَنْ اَبِیْهِ، عَنِ ابْنِ عَبَّاسٍ، عَنْ رَسُوْلِ اللّٰهِ صَلَّی اللّٰهُ عَلَیْهِ وَسَلَّمَ قَالَ: مَنِ ابْتَاعَ طَعَامًا فَـلَا یَبِعْهٗ حَتَّی یَقْبِضَهٗ۔ قَالَ ابْنُ عَبَّاسٍ: فَاَحْسِبُ کُلَّ شَیْئٍ بِمَنْزِلَةِ الطَّعَامِ.
Narrated by Sayyiduna Ibn Abbas (may Allah be pleased with them both) from the Messenger of Allah (peace and blessings be upon him), he said: "Whoever buys grain should not sell it until he takes possession of it." Sayyiduna Ibn Abbas (may Allah be pleased with them both) said: I consider everything to be in the same position as grain.
Hadith Reference مسند اسحاق بن راهويه / كتاب البيوع / 456
Hadith Takhrij «بخاري ، كتاب البيوع ، باب الكيل على البائع والمعطي ، سنن ابوداود ، رقم : 3499 ، 3498 ، 3495 ، 9492 .»
Explanation & Benefits
Hafiz Abdush Shakoor Tirmidhi
Benefits:
From the aforementioned ahadith, it is understood that selling wealth (goods) before taking possession of it is not permissible. If it is in one’s possession, then it can be sold onward at any time. Similarly, selling goods stored in warehouses, upon which customers keep bidding, while no buyer actually takes the goods from there, and at times the specified item is even less in quantity there, and its loss ultimately falls upon the last buyer. The analogy made by Sayyiduna Ibn Abbas radi Allahu anhuma was due to his lack of knowledge of these ahadith. Whereas, it is present in the ahadith that selling anything before taking possession of it is not permissible. As narrated from Sayyiduna Zayd bin Thabit radi Allahu anhu, the Noble Prophet sallallahu alayhi wa sallam forbade selling the merchandise at the very place where it was bought, until it is taken to their own homes. (Sahih Abu Dawud, No: 2988)

In the narration reported from Sayyiduna Hakim bin Hizam radi Allahu anhu, it is stated: When you buy something, do not sell it before taking possession of it. (Musnad Ahmad: 3/403)
Source: Musnad Ishaq bin Rahwayh, Page: 456