Hadith on Trade: Honesty in Financial Transactions

📖Sahih Muslim 1603 a
A’isha (Allah be pleased with her) reported that Allah’s Messenger (ﷺ) bought some grain from a Jew on credit and gave him a coat-of- mail of his as a pledge.

  • This hadith from Sahih Muslim 1603a narrates that Prophet Muhammad (ﷺ) bought some grain on credit from a Jewish merchant and gave him his coat-of-mail as a pledge until he could pay him back. This incident highlights the Prophet’s honesty and integrity in fulfilling his financial obligations, even if it meant pledging a personal item of value. Muslims can learn from this hadith the importance of being honest and trustworthy in all financial transactions, including borrowing and lending. The Prophet (ﷺ) showed that fulfilling one’s obligations and maintaining good relationships with creditors is an essential part of the Islamic ethos. This hadith also demonstrates the importance of treating non-Muslims fairly and honorably in business dealings, as the Prophet (ﷺ) did in this case with the Jewish merchant. Muslims can draw from this hadith a model for ethical behavior in their financial dealings, which promotes trust, respect, and mutual benefit in all business transactions.