Moderation in Infaq (spending) in accordance with Qur'an and Sunnah

Islam is a religion that is based on solidarity, help and corporation among its followers. The Iqtisad of Islam is based on earning and spending halal wealth in the correct manner. Both actions have to be well managed in order to create a sustainable society. Hence it is only appropriate that Infaq...

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Main Author: Tahir, Ibrahim Nuhu
Format: Proceeding Paper
Language:English
Published: 2015
Subjects:
Online Access:http://irep.iium.edu.my/43472/
http://irep.iium.edu.my/43472/1/43472.pdf
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author Tahir, Ibrahim Nuhu
author_facet Tahir, Ibrahim Nuhu
author_sort Tahir, Ibrahim Nuhu
building IIUM Repository
collection Online Access
description Islam is a religion that is based on solidarity, help and corporation among its followers. The Iqtisad of Islam is based on earning and spending halal wealth in the correct manner. Both actions have to be well managed in order to create a sustainable society. Hence it is only appropriate that Infaq is one of the tools that the Qur’an and Sunnah teach as a way to narrow the income gap between the rich and the poor. Numerous examples are found in the Qur’an and Sunnah encouraging Muslims of every income level to share their wealth with the needy. This is contrary to the currently popular materialism that has led the world into a culture of excessiveness in spending and consumption. Subsequently this has increased the amount of debt owed by individuals, business and governments. An alarming trend is that there is minimal concern about attaining wealth through halal means and sources of haram income are on the rise. Consequently there has been a decrease of blessings in wealth and contentment regardless of the magnitude of one’s wealth. On the contrary, moderation is highly encouraged and appreciated by the Shari'ah in all circumstances. This paper addresses the guidelines given by the Qur’an and Sunnah on moderation and its importance in building a sustainable economy and society. It discusses the basis of moderation in infaq which are: faith, wealth, amanah (Trust), believing in accountability in the hereafter, prohibition of all forms of extravagance or excessiveness in all of one’s affairs which Qur’an describes as a form of inspiration from Shaitan. The paper is mainly based on the revealed texts that address the issue directly or indirectly.
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spelling iium-434722018-01-17T04:06:24Z http://irep.iium.edu.my/43472/ Moderation in Infaq (spending) in accordance with Qur'an and Sunnah Tahir, Ibrahim Nuhu HB238 Competition. Production. Wealth Islam is a religion that is based on solidarity, help and corporation among its followers. The Iqtisad of Islam is based on earning and spending halal wealth in the correct manner. Both actions have to be well managed in order to create a sustainable society. Hence it is only appropriate that Infaq is one of the tools that the Qur’an and Sunnah teach as a way to narrow the income gap between the rich and the poor. Numerous examples are found in the Qur’an and Sunnah encouraging Muslims of every income level to share their wealth with the needy. This is contrary to the currently popular materialism that has led the world into a culture of excessiveness in spending and consumption. Subsequently this has increased the amount of debt owed by individuals, business and governments. An alarming trend is that there is minimal concern about attaining wealth through halal means and sources of haram income are on the rise. Consequently there has been a decrease of blessings in wealth and contentment regardless of the magnitude of one’s wealth. On the contrary, moderation is highly encouraged and appreciated by the Shari'ah in all circumstances. This paper addresses the guidelines given by the Qur’an and Sunnah on moderation and its importance in building a sustainable economy and society. It discusses the basis of moderation in infaq which are: faith, wealth, amanah (Trust), believing in accountability in the hereafter, prohibition of all forms of extravagance or excessiveness in all of one’s affairs which Qur’an describes as a form of inspiration from Shaitan. The paper is mainly based on the revealed texts that address the issue directly or indirectly. 2015 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/43472/1/43472.pdf Tahir, Ibrahim Nuhu (2015) Moderation in Infaq (spending) in accordance with Qur'an and Sunnah. In: The 2nd International Conference on The Qur'an & Sunnah, Revelation & Science in the 21st Century, 13th-15th March, 2015, Renaissance Hotel, Kuala Lumpur. http://www.iium.edu.my/centris/collaboration-programme/2nd-international-conference-qur%E2%80%99-sunnah-icqs-2015-collaboration-cen
spellingShingle HB238 Competition. Production. Wealth
Tahir, Ibrahim Nuhu
Moderation in Infaq (spending) in accordance with Qur'an and Sunnah
title Moderation in Infaq (spending) in accordance with Qur'an and Sunnah
title_full Moderation in Infaq (spending) in accordance with Qur'an and Sunnah
title_fullStr Moderation in Infaq (spending) in accordance with Qur'an and Sunnah
title_full_unstemmed Moderation in Infaq (spending) in accordance with Qur'an and Sunnah
title_short Moderation in Infaq (spending) in accordance with Qur'an and Sunnah
title_sort moderation in infaq (spending) in accordance with qur'an and sunnah
topic HB238 Competition. Production. Wealth
url http://irep.iium.edu.my/43472/
http://irep.iium.edu.my/43472/
http://irep.iium.edu.my/43472/1/43472.pdf