EASY GUIDE FOR NEW MUSLIMS

4) EARNING AND SPENDING YOUR WEALTH

 The money we possess is viewed in Islam as a trust from Allah and as a test (either in excess or not) and therefore we should spend it paying close attention to the guidelines that He has given us through the Qur’an and the example of the Prophet, Allah's peace and blessing be upon him,.  The best sources to spend our wealth is on our own family, then on needy relatives, needy Muslims and in the general well-being and propagation of  Islam.

It is not allowed to spend money on gambling, prostitution, paying of interest or usury or buying of any unlawful goods even if you are purchasing it for someone else.  It is also unlawful to earn an income through illegitimate or forbidden means.  Therefore a Muslim can’t earn his income through alcoholic beverages, pornographic magazines, interest based loans, unlawful food products, gambling tickets, and other similar activities. There are many articles available on-line that deal with the Islamic view of money and how to spend it, the more you read the better prepared you will be.