Hakim ibn Hizam

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Hakīm ibn Hizām is the principal narrator of a hadith that has become very important in the development of contract law in Muslim nations.[citation needed] He is also known as one of the few to have been born within the Kaaba,[1] the holiest site in Islam. His father was Hizam Ibn Khuwaylid. Hizam was a merchant, who asked the prophet Muhammed whether it was permissible for him to sell to a customer goods that he doesn't yet possess (short selling, options or futures contracts in Western parlance). Muhammed forbade that.

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  1. ^ Ibn Al-Hajjaj, Muslim. "Kitab Al-Iman". Sahih Muslim. p. 224. 

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