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The Islamic Way to Conduct Business

Jarir ibn ‘Abdullah (may Allah be pleased with him) narrates that he pledged allegiance to the Prophet (upon him blessings and peace) regarding the establishment of salat, discharging of zakat, and giving good counsel to every Muslim.

Just how perfectly he practised on this golden advice of the Prophet (upon him blessings and peace) can be understood from the following incident. Jarir (may Allah be pleased with him) instructed his servant to purchase a horse on his behalf. The servant purchased one for three hundred dirhams.

He brought it, together with it’s owner, to Jarir so that payment could be made. But, Jarir said to the owner, “Your horse is worth more than three hundred dirhams. Would you not like to sell it to me for four hundred dirhams?”
The owner replied, “That is up to you.”
Jarir (may Allah be pleased with him) replied, “But your horse is worth more than four hundred dirhams. Would you not sell it to me for five hundred dirhams?”
The owner replied, “That is up to you.”

In this way, Jarir (may Allah be pleased with him) continued increasing the price by a hundred dirhams and the owner expressed his approval to sell it at the revised price each time. Finally, Jarir suggested eight hundred dirhams and bought it from the owner at that price.

When he was asked why he had done this, he replied, “I have sworn allegiance to the Prophet (upon him blessings and peace) that I will give good counsel to every Muslim.”

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