Bartering in Islam

Fatawa Question

Can we create an online and mobile platform for the bartering of goods among consumers ? kind of like a classifieds site specifically for bartering items. Users are able to exchange items (and potentially services) they possess for items / services other individuals possess through the platform. We were told some months ago that there may be an issue of Riba’ Al Fadl when it came to implementation of the idea. We didn’t see this as that much of a concern at the time because it seemed like the type of items (gold, silver, wheat, barley, dates, and salt (just food in general)) that would fall under this category could be prohibited from the platform without foreseeable consequence. However, we later were notified that bartering in general may be a disliked system or even Haram in the presence of currency. So we would like to know what the scholarly opinion on this matter is and if our business idea is Islamically permissible or “safe” to pursue as a means of earning a living ? would you advise us to continue with the idea and, if so, what modifications, if any, would need to be made ?

Fatwa

Click hereto view more

Publisher

al-Qalam Shariah Scholar Panel

Publication Date

2015-07-21

Country of Publication

United Kingdom

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Barter
• Wages
• Local currencies
• Direct usury

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726216

• APA
• MLA
• AMA