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Narrated 'Abdullah bin Umar:

Allah's Apostle ﷺ said, "You should not try to cancel the purchases of one another (to get a benefit thereof), and do not go ahead to meet the caravan (for buying the goods) (but wait) till it reaches the market."
حَدَّثَنَا عَبْدُ اللَّهِ بْنُ يُوسُفَ، أَخْبَرَنَا مَالِكٌ، عَنْ نَافِعٍ، عَنْ عَبْدِ اللَّهِ بْنِ عُمَرَ ـ رضى الله عنهما ـ أَنَّ رَسُولَ اللَّهِ صلى الله عليه وسلم قَالَ ‏
"‏ لاَ يَبِيعُ بَعْضُكُمْ عَلَى بَيْعِ بَعْضٍ، وَلاَ تَلَقَّوُا السِّلَعَ حَتَّى يُهْبَطَ بِهَا إِلَى السُّوقِ ‏"‏‏.‏

Classification

Sahih (Authentic)

References

• Sahih al-Bukhari, 2165
• Sahih al-Bukhari, Vol. 3, Book of Sales and Trade, Hadith 374
• Sahih al-Bukhari, Book of Sales and Trade, Hadith 374