Abstract
Every economic system encourages just and fair use of money since human wants are unlimited and resources are limited. However, economic interest is the determining factor in shaping relationship among modern states. The only interest of materializing economic interest and maximization of profit create imbalance in the overall society because this materialistic view induce people towards unnecessary expenditure for luxury, pomp and show. Hence, this paper delineates Islamic perspective of income and expenditure as Muslims are principally bound to follow Islamic teachings in terms of earning and spending. Islamic rules clearly explain categories, limitations and legitimate ways of expenditures. Further it emphasizes rational use of money and avoiding extravagance. This study is based on the analysis of secondary sources to portray Islamic view of spending money.
Highlights
All economic systems encourage judicious and fair use of money
This study is based on the analysis of secondary sources to bring forth Islamic view of spending money
ہوتووہاسکوخودبھیرکھسکتاہے۔ 4۔ کاناوردفینے:زمینمیںقدرتیطورپرپائیجانےوالیکارآدعچیزیںیاانسانکےدفنکردہخزانے اگر کسی کو ملیں تو بعض صورتوں میں ان کا خمس نکال کر بقیہ اور بعض صورتوں میں سارے کا سارا
Summary
All economic systems encourage judicious and fair use of money. The overt materialization spurs economic activity (getting and spending) leading to an imbalanced unnecessary expenditure upon luxury items and alike. Publisher: Shaykh Zayed Islamic Centre, University of Peshawar, Al-Idah – Vol: 38 Issue: 2 / July – December 2020/ P.159-169 This study is based on the analysis of secondary sources to bring forth Islamic view of spending money.
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