Islam provides us with a comprehensive and straight path which covers all aspects of life including individual and social, material and moral, economic and political, legal and cultural, national and international issues. In fact, earning, saving and investment can become acts of Ibadah if done according to Shariah.
The Quran states; “And Allah has permitted trade and prohibited Riba” [2:245]
Prophet Muhammad (S.A.W.) used to pray; “O Allah, I ask You for guidance, virtuousness and wealth” [Bukhari]
Narrated by Hazrat Umer (R.A.); “The Prophet used to sell dates of the garden of Bani An-Nadir and store for his family so much food as would cover their needs for a whole year” [Bukhari]
Hazrat Umer (R.A.) used to say; “Trade with orphan’s wealth lest it be exhausted by (regular payment) of Zakat”
Thus, Islam clearly encourages trade, saving and investment. Indeed when Islam imposed Zakat, it required that wealth should first be accumulated (since only if a person saves, will he be able to reach Nisaab) and also invest his savings (otherwise it would be exhausted by Zakat over the period of time if kept idle).
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