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The 4 Sunnah Of Doing Business Every Muslim Merchants Must Know

We can sum up the teachings of the Prophet (blessings and peace of Allah be upon him) with regard to doing business, buying and selling, as follows: 
1. The Prophet (blessings and peace of Allah be upon him) used to bargain with people when buying, but he would not go so far as to undermine the real value of the item.
It was narrated that Suwayd ibn Qays said: Makhramah al-‘Abdi and I brought some garments from Hajar to Makkah. The Messenger of Allah (blessings and peace of Allah be upon him) came to us on foot and bargained with us for some trousers, and we sold them to him 
Narrated by at-Tirmidhi (1305) – he said: it is hasan saheeh. Also narrated by Abu Dawood (3336), an-Nasaa’i (4592) and Ibn Maajah (2220). 

2. The Prophet (blessings and peace of Allah be upon him) used to urge people to give a little more when weighing. 
It was narrated that Suwayd ibn Qays said: The Messenger of Allah (blessings and peace of Allah be upon him) saw a man who weighed things for a fee and the Messenger of Allah (blessings and peace of Allah be upon him) said to him: “Weigh and give a little more.” 
This is the continuation of the hadith quoted above. 

3. The Prophet (blessings and peace of Allah be upon him) used to enjoin people to give more time for a debtor who is in financial difficulty, or to waive the debt. 
It was narrated that Abu’l-Yasar (may Allah be pleased with him) said: The Prophet (blessings and peace of Allah be upon him) said: “Whoever waits for one who is in (financial) difficulty (to pay a debt) or waives it for him, Allah will shade him in His shade.” 
Narrated by Muslim (3006) 

4. The Prophet (blessings and peace of Allah be upon him) forbade transactions involving riba (usury), transactions involving ambiguity, ‘Eenah transaction [which involve selling something for a price to be paid at a later date, then buying it back for a lower price to be paid immediately], dealing in haraam things, and cheating and deception. 

Credit: islamqa.info

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