Wealth

Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent.

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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 2 months ago

No. Illegitimately earned money can not be used in any purpose even in good purpose like charity or clean business. Using such money is a sinful act and the income from it will be illegitimate also.

Wassalam.

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Zoheir Ali Esmail, Shaykh Zoheir Ali Esmail has a Bsc in Accounting and Finance from the LSE in London, and an MA in Islamic Studies from Middlesex University. He studied Arabic at Damascus University and holds a PhD... Answered 3 months ago

Bismillah

Thank you for your question. The major struggle in the way of Allah is the struggle of self-purification and freeing the self from the commands of the lower self. It is a long journey where the mind finds purity and connection with God. A person can strive with their life force to reach the lofty aims of purification and knowledge, and they can spend their wealth in order to achieve these aims through sponsoring humanitarian projects and helping those in need.

May you always be successful

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Seyed Ali Shobayri, Seyed Ali Shobayri is of mixed Iranian and Scottish descent who found the path of the Ahlul Bayt (a) by his own research. He holds a BA in Islamic Studies from Middlesex University through the... Answered 5 months ago

Bismallah, 

Asalamu Alaykom, 

A portion of your wealth can be allocated to those whom you chose however, there are also inheritance laws pertaining to one’s relatives. One can refer to the various inheritance laws for further details. 

May Allah grant you success 

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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 6 months ago

Only being poor does no mean that the person is entitled to Paradise with out accountability. True faith and good deeds are compulsory to enter Paradise. Accountability is on every person as far as he has done, but the financial matters of the rich is more difficult than the poor who did not have much.

Poor believers who live with patience and piousness will get great reward in the Paradise.

Wassalam. 

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Zoheir Ali Esmail, Shaykh Zoheir Ali Esmail has a Bsc in Accounting and Finance from the LSE in London, and an MA in Islamic Studies from Middlesex University. He studied Arabic at Damascus University and holds a PhD... Answered 10 months ago

Bismillah

Thank you for your question. It is not true that rich Muslims will be punished for enjoying their wealth in this world. Rather, all Muslims will be rewarded and punished based on their good and bad deeds.

May you always be successful.