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Our love of wealth - consumes us...but our wealth will eventually leave us. Problem is we don`t want to leave it but it will inevitably leave us. Because of this wealth, you`ll be asked on the Day of Judgment on how we made it and spent it - all on a day that will make a child grey headed, a day of horror. Prophet Muhammad (peace be upon him) has said that the poor Muslims will precede the rich in paradise by half a day - 500 years!
It says in the Qur`an, in Chapter 64: Mutual Loss and Gain (Sura At-Taghabun, verse 15)
إِنَّمَآ أَمْوَلُكُمْ وَأَوْلَـدُكُمْ فِتْنَةٌ وَاللَّهُ عِنْدَهُ أَجْرٌ عَظِيمٌ
Your wealth and your children are only a trial, whereas Allah! With Him is a great reward (Paradise) (64:15)
Prophet Muhammad (peace be upon him) said: “Every Ummah (nation) has a test to undergo, my Ummah (nation) will be tried through wealth.” [at-Tirmidhee no: 481]
Similarly, many people ruin their faith and fidelity merely due to the greed of wealth. This love of wealth creates in man evil instincts, miserliness, selfishness and arrogance, which in turn involve him in sins, falsehood, deceit, cruelty and robbery. This causes disorder and destruction in the world and the Hereafter is lost too!
The concept of Zakaah is to decrease the love of wealth and inculcate justice, generosity, brotherhood, affection and sacrifice among the Muslims and thus Allah the Almighty says in Chapter 3: Family of Imran (Sura Al-Imran, verse 92):
لَن تَنَالُواْ الْبِرَّ حَتَّى تُنفِقُواْ مِمَّا تُحِبُّونَ وَمَا تُنفِقُواْ مِن شَىْءٍ فَإِنَّ اللَّهَ بِهِ عَلِيمٌ
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