Monday 28 August 2017

Top Islamic Guidelines Regarding Wealth

Economic System in Islam


As a Muslim you are Trying Daily to develop the Spiritual attributes that are crucial in this world and the next. But we also need material things in this world, and we want the capacity to pay for them. When it comes to acquiring and spending riches, how does Islam direct us?

As Muslims we know that prosperity, and everything else at the Universe, belongs to and comes from Allah. So how can we deal with our prosperity accordingly?

#1 Wealth can be appreciated, but don't let it distract you.


Wealth can give us pleasure in life, but it can also be a Distraction from what is really important. The true believer deals with his wealth like it's merely a worldly matter since it won't follow her to the afterlife. Muslims are warned in the Quran to be on guard against greed. A Muslim shouldn't save and hoard excellent amounts of money, but if distribute it to people that are needing it.

#2 Don't earn a living by doing wrong.


Muslims must earn their riches in a legal, or halal, way. It's not to be earned by selling or purchasing things that Allah forbids us, such as pork or alcohol, or by engaging in illegal activities. Allah advises them against this.

#3 Practice charity toward the poor, orphans and people in need.


The religion of Muslims is built on the five pillars of Islam. One of those columns is providing wealth to charity, or zakat. In actuality, in the Quran charity is frequently cited as going along with prayer.

The Prophet Mohammed provided the ultimate example of a Muslim who spent his wealth in charity. He supplied for many others before shooting for himself. He was an easy man and was not greedy. He himself was an orphan and Muslims are taught in the Quran that their wealth should be spent towards orphans and those who can't provide for themselves. Even without abundant wealth, you're still able to give in the cause of Allah because even the tiniest quantity is an act of charity.

Note: Visit Happy Muslim Family for more articles on Islam.

#4 Don't fear poverty. Allah will provide.


At the time before Islam, the pagans would kill their Kids in fear of poverty. After Islam was released, the partners who used to practice this tradition started to abstain from it.

Allah is the supplier of all. A true believer shouldn't Fear poverty since Allah provides for them. Some believers say that fearing poverty is the same as not trusting in Allah.

#5 Giving of your wealth is the origin of true prosperity.


If one spends his wealth in the way of Allah there is no decrease in wealth. Charity increases prosperity because Allah replaces it with something greater and better.


These are just a few examples of the many ways Muslims are Educated to think about and manage their wealth. Your riches should always be Gained through lawful means should you would like to be considered a true believer. And It's possible to avoid the pitfalls of greed by giving charity as frequently as you can After bills, debts and other obligations are met. Islam teaches that the Riches a Muslim spends in charity won't ever decrease.