One of the biggest misconceptions among Muslims is that being wealthy is no good. Actually, this particular misconception extends further to include many philosophers, thinkers, psychologists and self-helpers. It’s true that the prophet SAW asked us to pay particular attention to money when he SAW said “The son of Adam will not be dismissed from before his Lord on the Day of Resurrection until he has been questioned about five things: his life and how he spent it, his youth and how he used it, his wealth and how he earned it and how he disposed of it, and how he acted upon what he acquired of knowledge” [Tirmidhi], but does this mean avoiding money altogether?!
If this was so, the prophet SAW wouldn’t have considered working and earning money an act in the cause of Allah. “A man passed by the Prophet SAW and the Companions admired his strength and energy, so they said: O, Messenger of Allah, if only this were in the Cause of Allah? The Prophet SAW said: If he went out seeking sustenance for his children, then it is in the cause of Allah, and if he went out seeking sustenance for himself in order to avoid begging, then it is in the cause of Allah, and if he went out for ostentation and pride, then it is for the sake of the devil” [Tabarani]. So as you can see, it all has to do with our intention! If your intention is good, then money is good, and if your intention is selfish, then it (money) becomes bad.
Furthermore, the prophet SAW said “The upper hand is better than the lower hand” [Bukhari & Muslim], which simply means that, as far as Islam is concerned, a man who gives is better than the man who begs! So how exactly can money be conceived as something bad in Islam?! The only requirement though is that such earned money be Halal (permissible), otherwise, it becomes not just bad but also Haram (impermissible) risking its earner a place in the Hellfire.
Once earned in a Halal way, money becomes a blessing, which necessitates gratefulness. This is why Allah SWT has given us a golden gratefulness key in the Quran when He SWT said “Those who, when they spend, are not extravagant and not niggardly, but hold a just (balance) between those (extremes)” (25:67). Moderation, that is! No matter how much money you have or earn, spending it in moderation is the best way to thank Allah for it! Surprisingly, modern research discovered that money spent wisely is one of the greatest contributors to a person’s happiness. Subhan Allah!
That is the Islam I know! How about you? Are you spending your money wisely? Or are you rather an over-spender/under-spender? Do you feel different in either case? Kindly share your experience in a comment below.