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.

191571

Man . Parents . Marriage Proposal . Wealth

I have feelings for someone who has brought me closer to Allah and the Ahlulbayt. He has been meeting my parents' requirements for three years by moving abroad and securing a job, yet they disapprove because he is not wealthy. What should I do?

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... Answer updated 1 year ago

You can try to convince them that wealth is not a valid condition for happy marriage. Marriage conditions are good faith religion and good manners. It might take you time to convince your parents mainly your father, but you have to try your best.

You can also request good persons who are respected by your parents to try to talk to your parents to convince them.

Wassalam.

186046

Wealth . Gold . Silver . Currency . Zakat

Should the obligation of Zakah be extended to our current form of money since it no longer relies on gold and silver, which were used to measure wealth in the past?

Zakat is obligatory on nine items only including golden and silver current coins. It is not for us to change Shariah and add on these nine items.

Khums is obligatory on ever wealth including money, kind, property and every item we own.

Wassalam.

183745

Muslims . Wealth . Shariah . Inheritance

Are Muslims allowed to create a civil will wherein they can distribute their wealth as per their own preferences, rather than complying with the Islamic Sharia will mentioned in the Holy Quran?

Sayyed Muhammad Husaini Ragheb, Sayyed Muhammad Husaini Ragheb has a BA in Law from Guilan University, Iran and has also undertaken Hawzah studies in Qom. He used to be a Cultural Affairs director of Ethics Group of Al-Mustafa... Answered 1 year ago

Assalamu Alaikum wa Rahmatullah

A person can only have a will(written or spoken) up to 1/3 of their wealth and if it goes beyond this limit, the legitimacy or efficiency of this will is dependent on the permission of the rest of the heirs, for example if one decides that all his house which is worth $1m be for one of the heirs, this will is only accepted up to $333,333 and the rest will be given to him unless the other heirs accept the will. Otherwise this person will have 1/3 of the house as a result of the deceased will and will also have a share in the 2/3 of the remaining according to inheritance rules.

182890

Wealth . Non-Muslims

What is the concept of Istinqadh, rescuing wealth from the hands of unbelievers? When is it allowed? What are the conditions for it?

When you are legally allowed to get an amount from a non Muslim which is considered by him as a loan, but you can't consider it as as a loan,yo u will be allowed then to utilize that money under the concept of Istenqaath which allows you to utilize it is lawful way but not as a loan but just using it lawfully.

Wassalam.

182204

Man . Wealth . Sadaqa (Charity)

What is the recommended way in Islam to give tips? If a man is wealthy, should he give tips to cashiers, witnesses, or beggars every time he encounters them or when asked?

It is always good to give gifts to people to encourage them to do more good. It is not good to give tips to every one even if they are not deserving. Wasting money is not good. Keep your gifts for those who deserve it.

Wassalam.

174988

Wealth . Inheritance

How should the wealth be distributed among a lady's children if she receives it from her father's side and then passes away?

Same like the distribution of her own wealth between her children. Every son will get two shares and every daughter will get one share. Whatever she had inherited from her father or mother, etc, belongs to her and owned by her.

'Wassalam.

174668

Wealth . Inheritance . Daughter

What is the Islamic ruling on the division of a father's wealth amongst siblings? How should a mother's inherited wealth from her father be distributed? Can a father leave a smaller portion for daughters in his will?

1. The share of the permanent wife from her deceased husband is one eighth from the wealth he left

2. The remaining seven eighths is the right of the sons and daughters of the deceased which must be distributed among them in equal portions shares of one share to every daughter and two shares to every son

3. If the mother passes away after inheriting from her husband, all her wealth should be distributed among her sons and daughter in the same portions of one share for every daughter and two shares for every son. It should be mentioned that these shares are proposing that the deceased did not leave a living father or mother otherwise they will also be entitled to inherit from their son or daughter.

Wassalaam

158356

Daughter . Children . Father . Husband . Wealth . Wife

If a person passes away, and later their daughter, who had no children, also passes away after her father, is the husband of the daughter entitled to a share of the wealth of her wife's father?

Widowed husband has share of the wealth of his late wife. If she has inherited from her father, her husband has share in her estate. If she had any children then her husband gets one quarter but if she had no children at all neither from him or from previous marriage then her husband gets half of whatever she left.

'Wassalam.

151552

Wealth . Abu Bakr . `Umar b. al-Khattab . Battle of Tabuk

I have heard that Abu Bakr and Umar donated all their wealth during the Battle of Tabuk. Is this authentic?

This claim is not true at all. It is part of the politically oriented fabricated narrations. Even leading Sunni scholars said that the narration is fabricated.

‘Keep in mind that lot of narrations in praise of the Saqeefah rulers were fabricated for political reasons. This fact is well known to the scholars of Muslim history and science of Hadeeth.

Wassalam.

120959

Money . Wealth . Copyright

I started working on pirated software and then I started another business with the money that I had earned from it. Is all my wealth now considered permissible?

It is not allowed to harm people. You need to seek permission or a pardon from the people whom you did harm even by paying them something if they ask to pardon you. Your current income is not Haraam as far as you are not harming any one in your current business.

Wassalam.

107143

Wealth . Muslims . Poverty . God (Allah)

Why does Allah SWT provide wealth to non-Muslims while there are so many Muslims living below the poverty line?

Allah (SWT) created all creatures and He provides all of them whether they believe and obey Him or not. That is from His Great Mercy. Some believers suffer from poverty because of injustice of oppressors or any other reason. Poverty can also in certain cases be a test to purify the believer or elevate his degree.

Poverty is not degradation and wealth is not an honor. Both are tests.

Many enemies of Allah were granted wealth like Firaon ( Pharaoh) and Hamaan and Qaroun (Korah) while many Prophets were tested by poverty and illness like Prophet Ayyub (AS).

Wassalam.

105498

Narrations . Wealth . Saving . Family . Children . Death

We see through different narrations that encourage us to give away our wealth during our lifetime rather than saving it up. How much wealth should we save for our family and children for when we die?

We Beed to look after selves as well as our family and children. We need good deeds for our future as much as we can. We also should for our family and children Whatever they need to have a respectable livelihood till they are able to earn for themselves. Obviously, we believe that Allah (SWT) will never leave them as He never left us.

Wassalam.