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

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.

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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.

Item Type: Conference or Workshop Item (UNSPECIFIED)
Additional Information: 7005/43472
Uncontrolled Keywords: Moderation, Infaq, Tabdhir, Israf, Qur'an and Sunnah
Subjects: H Social Sciences > HB Economic Theory > HB238 Competition. Production. Wealth
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: DR Ibrahim Nuhu Tahir Nuhu
Date Deposited: 23 Jun 2015 11:29
Last Modified: 17 Jan 2018 12:06
URI: http://irep.iium.edu.my/id/eprint/43472

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