Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 5 months ago

Yes it is true. Giving charity will never decrease your wealth, rather will cause more Barakah and brings more wealth. More charity you give for the sake of Allah, more wealth you will get from Allah. We have many Hadeeths in this regard.