A partner of mine sold some Dirhams on credit in the market. I said, "Glorified be Allah! Is this legal?" He replied, "Glorified be Allah! By Allah, when I sold them in the market, nobody objected to it." Then I asked Al-Bara' bin `Azib (about it) he said, "We used to make such a transaction when the Prophet came to Medina. So he said, 'There is no harm in it if it is done from hand to hand, but it is not allowed on credit.' Go to Zaid bin Al- Arqam and ask him about it for he was the greatest trader of all of us." So I asked Zaid bin Al-Arqam., and he said the same (as Al-Bara) did."
Reference: Sahih al-Bukhari 3939, 3940 In-book : Book 63, Hadith 165 USC-MSA web (English) : Vol. 5, Book 58, Hadith 276 (deprecated)
Help us gift a modern, ad-free Islamic application for the Muslim Ummah. Your donation will be recorded as Sadaqah Jariyah in your book of deeds, In Sha Allah.