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Sunnats of Business (14)
Sunnats and Aadaab of Business and Dealings – Part Ten
Written by user215. Hazrat Rasulullah (sallallahu ‘alaihi wasallam) had taught the Sahaabah (radhiyallahu ‘anhum) to recite ten verses of the Quraan Majeed when returning from the marketplace.
Hazrat Abdullah bin Abbaas (radhiyallahu ‘anhuma) reports that Hazrat Rasulullah (sallallahu ‘alaihi wasallam) said, “O group of tradesmen! Is anyone of you unable to recite (at least) ten aayaat of the Quraan Majeed when returning from the marketplace so that Allah Ta‘ala may record for him one great virtue for each aayah that he recites?” [1]
Sunnats and Aadaab of Business and Dealings – Part Nine
Written by user214. One should recite the following duas when entering the marketplace:
Dua One:
لَا إِلٰهَ إِلَّا اللهُ وَحْدَهُ لَا شَرِيْكَ لَهُ لَهُ الْمُلْكُ وَلَهُ الْحَمْدُ يُحْيِيْ وَيُمِيْتُ وَهُوَ حَيٌّ لَا يَمُوْتُ بِيَدِهِ الْخَيْرُ وَهُوَ عَلٰى كُلِّ شَيْءٍ قَدِيْرْ
There is no deity besides Allah alone, who has no partner. To Him belongs the kingdom (of the entire universe), and for Him is all praise. He gives life and gives death, and He is eternal and will not die. In His hands (control) alone lies all good and He has complete power over everything.
Hazrat Umar (radhiyallahu ‘anhuma) reports that Hazrat Rasulullah (sallallahu ‘alaihi wasallam) said, “The one who enters the marketplace and recites this (abovementioned) dua, Allah will record for him one million good deeds, forgive one million sins and raise his status by one million ranks (and in one narration, it is also mentioned that Allah Ta‘ala builds a palace for him in Jannah).” [1]
Sunnats and Aadaab of Business and Dealings – Part Eight
Written by user213. It is not permissible for one to get involved in interest bearing transactions. Giving and taking interest are both haraam in Islam.
وَأَحَلَّ اللهُ الْبَيْعَ وَحَرَّمَ الرِّبٰوا
And Allah has permitted trade and prohibited riba – interest. [1]
الَّذِيْنَ يَأْكُلُوْنَ الرِّبٰوا لَا يَقُومُوْنَ إِلَّا كَمَا يَقُوْمُ الَّذِيْ يَتَخَبَّطُهُ الشَّيْطٰنُ مِنَ الْمَسِّ
Those who consume interest will rise (on the Day of Qiyaamah) like the one who has been afflicted by the evil touch of Shaitaan. [2]
فَإِنْ لَّمْ تَفْعَلُوْا فَأْذَنُوْا بِحَرْبٍ مِّنَ اللهِ وَرَسُوْلِهِ
“If you do not do so (desist from dealing in interest) then be prepared to wage war against Allah and His Rasul (sallallahu ‘alaihi wasallam).” [3]
Sunnats and Aadaab of Business and Dealings – Part Seven
Written by user212. Once the sale is concluded, neither the purchaser nor the seller has the right to unilaterally cancel the sale.[1] However, if the customer wishes to return the purchased item and cancel the sale, it will be greatly rewarding for the seller to cancel the sale and give him a full refund.
Sunnats and Aadaab of Business and Dealings – Part Six
Written by user211. If a person has made an offer to purchase and the seller is inclined to concluding the deal, then it is impermissible for anyone else to make an offer over the offer of the purchaser. This has been prohibited in the Hadith. However, if the seller is not inclined to the offer, then it is permissible for others to make an offer to purchase. An auction sale is excluded from this rule. Hence, it is permissible for many people to bid to purchase an item at the same time. [1]
Sunnats and Aadaab of Business and Dealings – Part Five
Written by user29. The price of the sale item must be mutually agreed upon at the time of the sale. [1]
10. When the sale is a credit sale, it is compulsory upon both parties to mutually agree upon the date of payment e.g. 30 days from the day of the sale. [2] If the date of payment is left unclear (e.g. “I will pay you when the haajis return from hajj”) or unfixed (e.g. “When I am able, I will pay you”), this will not be permissible and will render the sale a faasid (corrupt) sale. The reason for this type of sale being impermissible is that generally, this ambiguous and uncertain arrangement leads to quarrels and disputes. [3]
Sunnats and Aadaab of Business and Dealings – Part Four
Written by user27. In a lease contract or a business transaction, none of the transacting parties should violate the agreed terms of the contract or transaction. If both parties agreed upon a certain price and a certain quality or quantity of the sale item, or in a lease contract, both agreed upon leasing the premises for a specific period at an agreed rate, then both parties should abide by the agreement.
Hazrat Hakeem bin Hizaam (radhiyallahu ‘anhu) reports that Hazrat Rasulullah (sallallahu ‘alaihi wasallam) said, “The two transacting parties have an option (to back out of the sale) as long as they do not conclude the sale (with mutual acceptance). If they (the purchaser and seller) are truthful to each other and disclose the faults (of the merchandise), they will be granted barakah (blessing) from Allah Ta‘ala in their business transaction. However, if they lie to each other and conceal the faults (of the merchandise), then perhaps they could earn some profit through the transaction, however they will lose the blessing of the transaction.” [1]
Sunnats and Aadaab of Business and Dealings – Part Three
Written by user25. One should not delay in settling his debts. It is reported in the Hadith that the debtor’s procrastination in settling his debts, despite him having the means to do so, is a form of oppression.
Hazrat Abu Hurairah (radhiyallahu ‘anhu) reports that Hazrat Rasulullah (sallallahu ‘alaihi wasallam) said, “The delaying of a wealthy person in settling his debts is a form of oppression.” [1]
Sunnats and Aadaab of Business and Dealings – Part Two
Written by user23. If an item has a defect, the seller should disclose it to the purchaser. It is not permissible for him to conceal the defect.
Hazrat Abu Hurairah (radhiyallahu ‘anhu) reports that on one occasion, Hazrat Rasulullah (sallallahu ‘alaihi wasallam) passed by a heap of grain. He then inserted his hand in the heap (to inspect the quality of the grain at the bottom) and found that the grain was moist. He asked the owner of the grain, “What is this?” The owner replied, “O Rasulullah (sallallahu ‘alaihi wasallam), the grain became moist due to the rain.” Hazrat Rasulullah (sallallahu ‘alaihi wasallam) replied, “Then why did you not place it (the moist grain) on top of the heap so that the people can see the defective grain (that you are selling to them)?” Hazrat Rasulullah (sallallahu ‘alaihi wasallam) then said, “The one who deceives (people) is not from me.” [1]
Sunnats and Aadaab of Business and Dealings – Part One
Written by user21. A business transaction should be concluded with mutual consent. No party should be forced to carry out the transaction.
يَا أَيُّهَا الَّذِيْنَ آمَنُوْا لَا تَأْكُلُوْا أَمْوَالَكُمْ بَيْنَكُمْ بِالْبَاطِلِ إِلَّا أَنْ تَكُوْنَ تِجَارَةً عَنْ تَرَاضٍ مِّنكُمْ
O you who believe, do not consume one another’s wealth unjustly. However, (only consume one another’s wealth) through (lawful) transactions concluded with mutual consent among yourselves. [1]
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In numerous Ahaadith, Hazrat Rasulullah (sallallahu ‘alaihi wasallam) has cautioned the Ummah regarding the evil and destructive consequences of earning and consuming haraam wealth. Some of these Ahaadith are mentioned below:
1. The One who Consumes Haraam will Burn in Jahannum
Hazrat Ka’b bin Ujrah (radhiyallahu ‘anhu) reports that Hazrat Rasulullah (sallallahu ‘alaihi wasallam) said, “The flesh (body) which is nourished with haraam will not enter Jannah, and the fire of Jahannum is more deserving of every flesh (body) that is nourished with haraam.” [1]
1. Being Saved from the Difficulties of the Day of Qiyaamah
Hazrat Abu Qataadah (radhiyallahu ‘anhu) reports that Hazrat Rasulullah (sallallahu ‘alaihi wasallam) said, “The one who wishes for Allah Ta‘ala to save him from difficulties on the Day of Qiyaamah should grant respite to his debtor who is unable to pay or he should waive his debt.” [1]
1. Earning Halaal is an Obligation of Deen
Hazrat Abdullah bin Mas’ood (radhiyallahu ‘anhu) reports that Hazrat Rasulullah (sallallahu ‘alaihi wasallam) said, “To seek a halaal livelihood is an obligation which is necessary after fulfilling all the faraaidh of Deen (salaah, fasting, zakaat, etc.).” [1]
Allah Ta‘ala has created man for the sole purpose of worshipping Him and fulfilling His commands. However, in order for man to fulfil this obligation, he will need to eat, drink and sustain his life in the world. Hence, Allah Ta‘ala has allowed man to earn a halaal livelihood, as this will assist him in fulfilling his primary purpose in the world.