Money Matters

[Eemaan]

Personally over the past few weeks I’ve come across people who are ridiculously clueless about money. Either ridiculously frivolous or completely miserly.

Some of the instances I’ve encountered are students who spend ridiculously, immersed in the fantasy of a never-ending student/parent loan. Not knowing how to save or economise or basic understanding on the uses and abuses of credit/debit cards :smack: its awful because I have a muslimah friends with 20k worth of debt and she lived at home while she studied at uni. :eek: how does this happen???

Then you have the other end of the spectrum with folk who are miserly beyond belief. E.g I have a wealthy mashallah and lovely family friend uncle who whenever he calls you on your fone speaks really quick and doesn’t waste an extra word in fear of the cost its going to incur or the minutes he’s wasting :D doesn’t buy any clothing over a fiver etc etc he takes our ribbings on the chin and says its because of his poverty stricken background yada yada

Our wealth is from Allah no matter how little or large and we know it is multiplied and purified in giving to charity.

Personally im not very good with money- I couldn’t tell you what I have in my account, Im not in debt and money doesn’t mean an awful lot to me it comes and goes and is a blessing from Allah whn used in the correct manner. My parents never spoiled us particularly but I always knew dad or big bhai would help out if we needed something. One thing my parents always inculcated within us was never to get into debt or owe anyone anything family friends or not. As a result ive never used a credit card in my life mashallah or store cards so im very grateful for my parents stern approach.

what are your money controlling startegies, some folk especially within asian communities do the 'comaytee' thing (committees) which ive never really understood- why not just set up a standing order to a savings account from your monthly income :confused:

What are your experiences? What are you like and why?

[(*_Hamzah]

Come on you Guji's your consumer advice is needed :D

await my post :D

[Eemaan]

*tryna do a serious post* :torture:

[(*_Hamzah]

*tryna do a serious post* :torture:

Sorry. Riba is evil- :torture: :torture:

[MMS]

alhamdulillah my parents never let me get a loan :D

im not good at spending money, my brother or parents give me money sometimes and im all confuzzled on what to do with it then i just end up giving it back to mum :p

i feel bad spending on things i dont really need

actually come to think of it i dont really spend on things i do need either, 3 years at uni and didnt buy a single course book :scratch:

i guess i have gujji blood in my veins somewhere :p its really because i have to ask my parents for the money and i dont like doing that so i try and get by

[(*_Hamzah]

The best inner feeling is spending for the sake of Allah swt- do not become wastful for what Allah has given us- We all will be held to account on how we spent or wealth!

Spend your wealth for the cause of Allah, and be not cast by your own hands to ruin; and do good. Lo! Allah loveth the beneficent. (2:195)

Allah revealed to Muhammad :saw: ‘They ask thee what they should spend in charity. Say: Whatever you spend that is good, is for parents and kindred and orphans and those in want and for wayfarers. And whatever you do that is good, Allah knows it well.’ [Holy Qur’an 2:215]

[bint]

oh.,i was thinking of taking a loan out..but dont tell me parents :p

theyd kill me...:D

[(*_Hamzah]

oh.,i was thinking of taking a loan out..but dont tell me parents :p

theyd kill me...:D


Riba baesd loan?

:shock: Dont worry about your parents I'll do it :outta:

[Eemaan]

oh.,i was thinking of taking a loan out..but dont tell me parents :p

theyd kill me...:D

id kill you *juthee poised* :nono:

:torture:

[bint]

Riba baesd loan?

:shock: Dont worry about your parents I'll do it :outta:
i dunno..:D

id kill you *juthee poised* :nono:

:torture:

:rotfl:

[(*_Hamzah]

i guess i have gujji blood in my veins somewhere :p its really because i have to ask my parents for the money and i dont like doing that so i try and get by

life can be hard for a self proclaimed princess :rolleyes:

[(*_Hamzah]

i dunno..:D



:rotfl:

Seriously what is the purpose of the loan?

[bint]

Seriously what is the purpose of the loan?
i dunno..cos like..im so thik..i thought it was to help students pay way for their education..

[MMS]

life can be hard for a self proclaimed princess :rolleyes:

i often feel like cinderella :(

[Al-Irhaab]

alhamdulillah my parents never let me get a loan :D

im not good at spending money, my brother or parents give me money sometimes and im all confuzzled on what to do with it then i just end up giving it back to mum :p
i feel bad spending on things i dont really need

actually come to think of it i dont really spend on things i do need either, 3 years at uni and didnt buy a single course book :scratch:

i guess i have gujji blood in my veins somewhere :p its really because i have to ask my parents for the money and i dont like doing that so i try and get by

:rubeyes: :rubeyes: :rubeyes: :shock::shock::shock:

[(*_Hamzah]

i dunno..cos like..im so thik..i thought it was to help students pay way for their education..

Oh you mean a student loan?

hmmm I dont know

[Eemaan]

i dunno..cos like..im so thik..i thought it was to help students pay way for their education..

:nono: :torture:

get a job! paper round or summat, we'll buy you an ummah bike :D

[Abu Muslim]

Money is only a means to get around in this dunya.

For those folks worrying about how much they gonna eanr and stuff, remember Allah SWT has written your provision 50,000 years before the Earth was created. That's not 50,000 years before you were born, that's 50,000 years before the creation. Subhan'Allah

So don't worry about your money, its all under control *cool beardo emoticon*

Tips for spending money wisely is: make sure you know where all your money has gone, but dont count every single penny cos thats just tight. But know what you spend on and where. Instead of some people who don't know where there money goes, a waste of what.

[Nusayba bint Ka'b]

Me too never been on a loan...
hate to owe anybody or something anything!!

Same here eemaan me also never used a credit card..whats the need anyway.

Most money should first go to your family, then your community, then the larger muslim community. I don't see myself saving just for the sake of surviving, I come from a larger family, I never saved any money. I think if i'm ever going to save it'll be for the purpose of it being spend on family or to the mosque alot of mosques need help etc and of course the community.

But saving money just to have so much and so much in so and so years...I don't think so. What if you die?

[Nawar]

Money is only a means to get around in this dunya.

For those folks worrying about how much they gonna eanr and stuff, remember Allah SWT has written your provision 50,000 years before the Earth was created. That's not 50,000 years before you were born, that's 50,000 years before the creation. Subhan'Allah

So don't worry about your money, its all under control *cool beardo emoticon*





Your rizq is written, so we should be content with it, grateful for it.

Doesnt mean its going to fall from the sky does it. So yeah people do worry about it and worry about earning, and actively earning it. You have to do this if you want it to be 'under control'.

Then Allah (swt) can multiple your rizq etc, and put barakah in it, no doubt inshallah.

[.: Anna :.]

Look at the ayahs in my sig :D it is kind of on the topic of money, well... charity :)
I think I am like moderate with money, i would never buy something really expensive if i can get it for a better price somewhere else n i dnt like to waste money, but on the other hand i am not gna count each penny n act totally stingey, n i dnt mind giving it if my friends need it or whatever, either to borrow or to keep.
also we hav 2 remember, even if ur poor or u thnk u r poor... giving charity actually does not diminish ur wealth. Allah swt has promised us that so we have to take that promise n believe in it n try never 2 b stingey on charity insha allah.
and also getting into debt is very :nono: i cnt believe it ppl who get credit cards n jst pay off the minimum n let it build and build, and u hear on tv of ppl with thousands of pounds of debt :eek: dont they feel terrified about that??? i wd b freaked out...

[MMS]

Narrated Al-Ahnaf bin Qais: While I was sitting with some people from Quraish, a man with very rough hair, clothes, and appearance came and stood in front of us, greeted us and said, "Inform those who hoard wealth, that a stone will be heated in the Hell-fire and will be put on the nipples of their breasts till it comes out from the bones of their shoulders and then put on the bones of their shoulders till it comes through the nipples of their breasts the stone will be moving and hitting." After saying that, the person retreated and sat by the side of the pillar, I followed him and sat beside him, and I did not know who he was. I said to him, "I think the people disliked what you had said." He said, "These people do not understand anything, although my friend told me." I asked, "Who is your friend?" He said, "The Prophet said (to me), 'O Abu Dhar! Do you see the mountain of Uhud?' And on that I (Abu Dhar) started looking towards the sun to judge how much remained of the day as I thought that Allah's Apostle wanted to send me to do something for him and I said, 'Yes!' He said, 'I do not love to have gold equal to the mountain of Uhud unless I spend it all (in Allah's cause) except three Dinars (pounds). These people do not understand and collect worldly wealth. No, by Allah, Neither I ask them for worldly benefits nor am I in need of their religious advice till I meet Allah, The Honorable, The Majestic."

Al-Mughira wrote: I heard the Prophet saying, "Allah has hated for you three things: 1. Vain talks, (useless talk) that you talk too much or about others. 2. Wasting of wealth (by extravagance) 3. And asking too many questions (in disputed religious matters) or asking others for something (except in great need)"

The Prophet said, "O Abu Dhar! I would not like to have gold equal to Uhud (mountain) for me, unless nothing of it, not even a single Dinar remains of it with me, for more than one day or three days, except that single Dinar which I will keep for repaying debts. I will spend all of it (the whole amount) among Allah's slaves like this and like this and like this." The Prophet pointed out with his hand to illustrate it and then said,
"O Abu Dhar!" I replied, "Labbaik wa Sa'daik, O Allah's Apostle!" He said, "Those who have much wealth (in this world) will be the least rewarded (in the Hereafter) except those who do like this and like this (i.e., spend their money in charity)."


(sahih Bukhari)

[Nusayba bint Ka'b]

and also getting into debt is very :nono: i cnt believe it ppl who get credit cards n jst pay off the minimum n let it build and build, and u hear on tv of ppl with thousands of pounds of debt :eek: dont they feel terrified about that??? i wd b freaked out...

أنبأنا أبو الحسن أحمد بن محمد أنبأنا يوسف بن أحمد حدثنا العقيلى حدثنا محمد بن العباس المؤدب حدثنا سعيد بن عبدالحميد بن جعفر حدثنا عبدالله بن زياد حدثنا عكرمة عن عمار بن يحيى بن أبى كثير عن أبى سلمة عن أبى هربرة عن النبي صلى الله عليه وسلم قال : الربا سبعون بابا أصغرها كالزاني ينكح أمه

On the authority of Abu Hurayrah, that on the authority of the Prophet (sallallāhu ‘alayhi wa sallam) that he said, “Ribā has seventy gates, the least of which is like a fornicator who copulates with his mother.”

Abu Hurairah radiyallahu anhu reported that the Messenger of Allah sallallahu alaihe wasallm said: I came across some people in the night in which I was taken to the heavens. Their stomachs were like houses wherein there were serpents, which could be seen from the front of their stomachs. I asked: O Gabriel! Who are these people? He replied these are those who devoured usury.

[Abu Muslim]

Your rizq is written, so we should be content with it, grateful for it.

Doesnt mean its going to fall from the sky does it. So yeah people do worry about it and worry about earning, and actively earning it. You have to do this if you want it to be 'under control'.

Then Allah (swt) can multiple your rizq etc, and put barakah in it, no doubt inshallah.

Ukthi, I didn't say relax..I said don't worry about it. People commit suicide, turn against people over money etc. Actively go and earn it, but don't worry about it, there's a difference.

Say for example, you're actively looking for a job, yea go for the best but if you didn't get the amount you wanted, don't worry, it was Qadr.I guess this all links back to qadr..

Prophet SAW said: Tie the camel and then put your trust in Allah. So look for your rizq as much as possible and then put your trust in Allah and be content with what you earn...so technically dont worry what you're going to earn or am I blabbering on.

[Nawar]

Ukthi, I didn't say relax..I said don't worry about it. People commit suicide, turn against people over money etc. Actively go and earn it, but don't worry about it, there's a difference.

Say for example, you're actively looking for a job, yea go for the best but if you didn't get the amount you wanted, don't worry, it was Qadr.I guess this all links back to qadr..

Prophet SAW said: Tie the camel and then put your trust in Allah. So look for your rizq as much as possible and then put your trust in Allah and be content with what you earn...so technically dont worry what you're going to earn or am I blabbering on.


I understand yeah mashallah :up:

[Hafsah]

good thread

(:rubeyes: eemaan started it :rubeyes: )

its really important people strike a balance when it comes to money, not to be too miserly and not to be too frivilous..every penny (let alone pound) we will be accounted for

and there really isnt any excuse for student loans (esp the riba based ones :torture: ) students across the planet work throughout uni..so i don't understand why some people can't... and in my experience..most people spend the majority of their loans on socialising...clothes..and silly gadgets..if you can't afford it..take a year out and work

i really can't stand miserly people...if Allaah has blessed you with money..spend it (wisely of course... :))

i'm not gonna berate people for spending hundreds of pounds on a pair of shoes...if you are a millionaire...fair enough..but if you are struggling to pay all your credit card bills just for a pair of shoes...thats pretty pathetic

and the best way to spend money of course is on charity :)

"Those who spend their wealth by night and day, in secret and in public, shall have their reward with their Lord. On them shall be no fear nor shall they grieve." [Sooratul-Baqarah (2):274]

"You shall not attain piety (birr) until you spend out of that which you love. Whatever good you spend Allaah knows well." [Soorah Aali-'lmraan (3):92]

'Abdul-'Azeez ibn 'Umair (rahimahullaah), said, "Salaat will reach you half the road, fasting lets you reach the door of the king, and charity allows you to enter into the king's company."

:)

[MalikOne™]

Rubberband mannnn

wit me money goes as quik as it comes

[Eemaan]

good thread

(:rubeyes: eemaan started it :rubeyes: )
:)

yah me *points to self* :D

"Those who spend their wealth by night and day, in secret and in public, shall have their reward with their Lord. On them shall be no fear nor shall they grieve." [Sooratul-Baqarah (2):274]

"You shall not attain piety (birr) until you spend out of that which you love. Whatever good you spend Allaah knows well." [Soorah Aali-'lmraan (3):92]

i mentioned this before somewhere, but at the *** Event this weekend which you all jes loved i know, the hosts were asking the audience to donate generously, state the thousands they were going to donate and their names :smack: no opp for secret charity *kicks bin*

[(*_Hamzah]

I cant find this reference, where in the Quran it mentions that Allah will ask us how we spent our wealth, anyone know the surah I speak off?

[`asiya]

I have never worried about money, my motto is " if u havent got the cash then u cant have it " and so i`ve never had a debt, never had a cheque book, bank account etc. dont buy things on hire purchase, id rather save up for it and buy it outright in cash. bills and food and neseccities comes first, anything left over goes on whatever else is needed to be done.

dont know how someone could possibly get in £20,000 debt whilst living at home with their parents! havent these kids heard of work? i`ve always had a job even a saturday one since age 13, and i think this is the problem with the "kids" :rolleyes: today... theyre just lazy and want everything handed to them on a plate chuck em out to work part time even if they are at uni otherwise these kids are going to grow up disfunctional with no sense of responsability

[Hafsah]

i totally agree with you asiya :up:

kids of today have no sense of responsibility...everything is handed to them on a silver plate ... which is why we have a generation of lazy, ungreatful layabouts

[Hafsah]

p.s. do you seriously not have a bank account? do you hide your money under the matress :nuts: lol

[`asiya]

p.s. do you seriously not have a bank account? do you hide your money under the matress :nuts: lol

no bank account, never had one alhamdulillah even before Islam, just out of moral principle, because i knew that the banks made theyre money on the slave trade, and making peoples lifes miserable,by lending them small amounts for huge profits, looked at the "third world" these people suffer so much because we took the gold and wealth from their lands, put it into our "banks" and gave them back paper money worth absolutely nothing after slavery because we (we and our and us being europeans) had already stolen all their wealth and put in in our banks,so their economys were so weak, and then we had the audacity to offer them money to borrow to rebuild the lands we destroyed, and then charged them millions in interest that they can never re-pay and thats how it became the "third world" and thats why people are starving to death because of corruption and riba, and we all contribute if we put our money in banks etc.

so even as a very young christian girl before Islam, i didnt agree with dealing in riba.. i remembered how angry jesus had been in the temple at the jews for dealing in money lending for profit, and the case of the money lender zackius who hid in a tree. so when i read the warnings of Allah ta ala in the Quran i was so pleased that this issue was taken seriously in Islam and had been adressed by Allah ta ala in Quran subhanAllah nothing has been left out of our deen.

[Hafsah]

:) mashaAllaah

erm..so how do you look after your money? and when you get paid..how do you work that out? cos it goes automatically into a back account..they don't give cash?

[`asiya]

:) mashaAllaah

erm..so how do you look after your money? and when you get paid..how do you work that out? cos it goes automatically into a back account..they don't give cash?

alhamdulillah get paid in cash only, then pay the bills, the rent, buy the food spend whats left over on what needs doing, keep a little for emergencys, if u have too much then better to give money away fisibillah than to store it up in a bank. always someone who could do with it more than u.

[Hafsah]

i'm still confused...to pay bills and stuff...don't you need a bank account?! mashaAllaah at giving excess money to those who need it more...if only we were all so considerate, suppose we all like to hoard our money, but theres nothing wrong with saving for a rainy day?

[Eemaan]

"Never will you attain righteousness until you spend from that which you love. And whatever you spend, indeed Allâh is Knowing of it."

[آle-'Imran, 3:92]

"Say, 'Indeed, my Lord extends provision for whom He wills of His servants and restricts (it) for him. But whatever thing you spend (in His cause) – He will compensate it; and He is the best of Providers." [Saba', 34:39]

[`asiya]

i'm still confused...to pay bills and stuff...don't you need a bank account?! mashaAllaah at giving excess money to those who need it more...if only we were all so considerate, suppose we all like to hoard our money, but theres nothing wrong with saving for a rainy day?

just go in person to the office and pay the bills, telephone, electrcity, gas, water rates, rates/council tax, every single buisness has a facility for paying in cash, the only one that doesnt is something like sky t.v which can be paid by card only, (which is why i dont have it.)

[ibn suleman]

wasnt sure where to put this...but its profound and the truth of it is evident everywhere...

Abu Bakr as Siddiq r.a said "The miser will not escape one of seven things - either he will die and the one who will inherit his wealth will spend it in that which Allah the Exalted has forbidden, or Allah will empower over him a tyrant ruler who will take his wealth front him after humiliating him, or He will inflame in him a desire that will cause him to lose his wealth, or he will have the idea of constructing a building in an unsuitable piece of land and will thus waste his wealth, or one of the calamities of the dunya such as drowning, burning, theft or similar things will befall it, or he will be afflicted with a perminant illness and he will spend all his wealth seeking a cure, or he will bury the wealth in a place which he will forget and thus will never find it again.”