Business education of Prophet SAW | نبی صلی اللہ علیہ وسلم کی کاروباری تعلیم

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Business education of Prophet SAW

Part-2

Asslamoalaikum sisters brothers friends and elders, We are answering in the light of Quran and Hadith of a question that What Prophet Muhammad (PBUH) Said about Business, this is part-2 and first was onair yesterday, so please Discover the teachings of Prophet Muhammad (PBUH) on business in this islamic informative and educational video. Learn about the importance of conducting business ethically and with integrity according to Islamic principles. Gain valuable insights and wisdom that can be applied to your own business practices. Like this video to show your support for Islamic knowledge.

It was narrated from Jabir ibn ‘Abdullah (may Allah be pleased with him) that he was riding on a camel of his that had become exhausted to the point that he wanted to let it go. He said: The Prophet (blessings and peace of Allah be upon him) caught up with me and offered supplication for me, and he hit it and the camel started moving (energetically) as I had never seen it move before. He said: “Sell it to me for one Uqiyah.” I said: No. He (blessings and peace of Allah be upon him) said: “Sell it to me.” So I sold it to him for one Uqiyah and stipulated that I be allowed to ride it home. When I arrived I brought the camel to him, and he gave me its price, then I left. He sent someone after me and said: “Did you think that I bargained with you in order to take away your camel? Take your camel and its price; they are both yours.” (Narrated by Al-Bukhari, 1991 and Muslim, 715)

· The Prophet (blessings and peace of Allah be upon him) used to give people their rights and urge others to do likewise.

It was narrated that Abu Hurayrah (may Allah be pleased with him) said: A man was owed a camel of a certain age by the Prophet (blessings and peace of Allah be upon him), so he came to him to ask him to repay him, and he said: “Give him.” They looked, but they could not find anything but a camel that was older than his, so he said: “Give him.” He said: You have paid me back in full, may Allah reward you. The Prophet (blessings and peace of Allah be upon him) said: “Verily the best of you are those who are the best in paying off debts.” (Narrated by Al-Bukhari, 2182 and Muslim, 1601)

· The Prophet (blessings and peace of Allah be upon him) used to urge people to let a buyer cancel the transaction if he regrets it.

It was narrated that Abu Hurayrah (may Allah be pleased with him) said: The Messenger of Allah (blessings and peace of Allah be upon him) said: “Whoever lets a Muslim off (a transaction), Allah will relieve him of his distress on the Day of Resurrection.” (Narrated by Abu Dawud, 3460 and Ibn Majah, 2199; classed as authentic by Al-Albani in Sahih Abu Dawud)

Letting someone off means being easy-going and agreeing to cancel a sale or purchase; it is indicative of generosity of spirit.

What is meant by letting someone off a sale is: if someone buys something from a man, then regrets his purchase, either because he feels that he did not get a good deal, or because he no longer has any need of it, or because he does not have the wherewithal to pay for it, so he returns the item to the seller and the seller agrees to take it back, Allah will remove his hardship and distress on the Day of Resurrection, because of his kindness towards the buyer, because the transaction has been finalised, so the purchaser could not cancel it." (`Awn Al-Ma`bud)

· The Prophet (blessings and peace of Allah be upon him) used to bargain with people when buying , but he would not go so far as to undermine the real value of the item, as we have seen above in the Hadith about the camel of Jabir (may Allah be pleased with him).

It was narrated that Suwayd ibn Qays (may Allah be pleased with him) said: Makhramah Al-`Abdi and I brought some garments from Hajar to Makkah. The Messenger of Allah (blessings and peace of Allah be upon him) came to us on foot and bargained with us for some trousers, and we sold them to him. (Narrated by At-Tirmidhi, 1305 – he said: it is authentic. Also narrated by Abu Dawud, 3336, An-Nasa'i, 4592 and Ibn Majah, 2220)

· The Prophet (blessings and peace of Allah be upon him) used to urge people to give a little more when weighing.

It was narrated that Suwayd ibn Qays (may Allah be pleased with him) said: The Messenger of Allah (blessings and peace of Allah be upon him) saw a man who weighed things for a fee and the Messenger of Allah (blessings and peace of Allah be upon him) said to him: “Weigh and give a little more.”

This is the continuation of the Hadith quoted above.

· The Prophet (blessings and peace of Allah be upon him) used to enjoin people to give more time for a debtor who is in financial difficulty, or to waive the debt.

It was narrated that Abu Al-Yasar (may Allah be pleased with him) said: The Prophet (blessings and peace of Allah be upon him) said: “Whoever waits for one who is in (financial) difficulty (to pay a debt) or waives it for him, Allah will shade him in His shade.” (Narrated by Muslim, 3006)

· The Prophet (blessings and peace of Allah be upon him) forbade transactions involving Riba (usury) , transactions involving ambiguity, ‘Einah transaction [which involve selling something for a price to be paid at a later date, then buying it back from the same person who bought it for a lower price to be paid immediately], dealing in prohibited things, and cheating and deception.

The evidence for that is abundant and well-known.
How did Prophet Muhammad run his business?

We do not have details on his buying and selling in all of his commercial transactions, because his (blessings and peace of Allah be upon him) trading was done during the Jahiliyyah, when he was not yet a Prophet such that his actions would be transmitted from his companions. But what has been narrated of his Sunnah is sufficient, in sha Allah.

For more details, please see this category: Business and Financial Transactions

And Allah knows best. Allah Hafiz
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