There are many narrations, which proves the Milad Sharif but I write a few.

1) The Prophet of Allah (Allah’s Grace and Peace be upon him) himself
stated his own birth from very beginning He says: "I had been
transferred, continuously, from purified offspring to purified wombs. I
had been given birth by a lawful marriage not by adultery. When Allah
Almighty sent Adam Alaihis Salam on earth so He put me in his spine and
then transferred in Nuh Alaihis salam in his boat, and then in Ibrahim
Alaihis salam Allah Almighty transferred me continuously from noble
offspring to the purified wombs up to that He brought me in my parents
who never committed adultery."
(Tafseer Ruhul Bayan, Vol. 3, Page 54)
As I have written in the beginning that Milad means the time of birth
or place of birth. So the Holy Prophet (Allah's Grace and Peace be upon
him) himself celebrated his own Milad. In the same way Ahle Sunnat
following the Holy Prophet (Allah's Grace and Peace be upon him)narrate
the events of the birth of the Holy Prophet (Allah's Grace and Peace be
upon him) .This hadith is the clear proof Milad un Nabi (Allah’s Grace
and Peace be upon him) and as well as tell us that to celebrate Milad un
Nabi (Allah's Grace and Peace be upon him) is not innovation (bidat)
but it is a sunnah (tradition) of Prophet (Allah’s Grace and Peace be
upon him).
There are many other narrations which narrate
that the Prophet of Allah (Allah's Grace and Peace be upon him)
celebrate his own Milad several times, some of those narrations have
been written in Mishkat Sharif.
2) "The one who rejoices on
the birth day of the Holy Prophet would not be severely punished and it
is hopped that a Muslim who celebrate the Milad un Nabi (Allah's Grace
and Peace be upon him), will not be punished in hell. Imam Bukhari
Rahmatullah Alaih narrates that Abu Lahab would be punished lightly in
the hell on Monday. Because he rejoiced and freed his handmaid
indicating by his finger, when the Prophet of Allah Almighty (Allah's
Grace and Peace be upon him) took birth. So as a reward of happiness on
Milad un Nabi (Allah's Grace and Peace be upon him) he would be given
water by his finger. (Saheehul Bukhari Vol. 2, Page 764)
Imam shams ud din Naseer Al Damaishqi narrates this hadith in poetry. Here is its translation.
If such kafir was denounced (in the Quran)
And perished are his hands, and in the flame is his eternal abode.
It is narrated every Monday.
His torment is made easy for his joy at the birth of Ahmad. (Allah's Grace and Peace be upon him)
What is the expectation then of a servant who spent all his life.
Happy with the arrival of Ahmad (Allah's Grace and Peace be upon him)
and died on the one ness of Allah Almighty. (Haul-ul-Ahtifal Bil Mawlid
Al-Nabvi Al Sharif, Page 11)
2) The Holy Prophet Muhammad
(Allah's Grace and Peace be upon him) celebrated his own Milad by having
fast. Imam Wali ud din write this narration with reference to the
Saheeh Muslim. When the Prophet of Allah (Allah's Grace and Peace be
upon him) was asked about the fast of Monday. He (Allah's Grace and
Peace be upon him) said:
"I took birth and the Quran was revealed upon me in this day."
(Mishkat Sharif, Page 179)
This narration proves that to celebrate Milad un Nabi is a tradition of
the Holy Prophet (Allah’s Grace and Peace be upon him) on every Monday.
Secondly it is lawful to fix a particular day for Milad un Nabi
(Allah's Grace and Peace be upon him). Thirdly it is an act of sunnah to
worship in the pleasure of the Milad un Nabi (Allah's Grace and Peace
be upon him)
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