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The question

Does the prohibition mentioned in the Hadith of Hakim ibn Hizam, concerning the sale of what one does not possess, include the sale of a described item that is a liability (mawsuf fi al-dhimma)?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The Messenger of Allah, peace and blessings be upon him, prohibited the sale of what is not in the seller's possession. This prohibition applies to selling a specific commodity before the seller possesses it, due to the element of (uncertainty/risk) involved. As for selling a described item that is a dhimmah (liability/obligation), there is a difference of opinion among the scholars. Some view it as falling under the prohibition, and that salam (forward contract) is an exception by textual evidence. Others believe it does not fall under the prohibition at all, because the sale is based on the description and not on a specific entity, and descriptions do not perish in the way specific physical objects do. Al-Khattabi and Ibn Al-Qayyim differentiated between selling a specific object and selling a description, clarifying that salam is not among "selling what is not in the seller's possession" because it is the sale of something guaranteed as a liability (dhimmah).

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Ftawy
Original fatwa ID
152964
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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