Economic Issues Over-spending
Question:
What is excessive spending known as 'israf/fuzool kharchi' in Islamic view?
Answer:
The Shari'ah does not define and delimit extravagance. It leaves a lot of things on human intellect and universal moral principles. It is upon the individual to decide in the light of the sense and reason and the moral values to determine which of his spending come under extravagance and which are not. It also varies from person to person according to their social and financial status.
Tariq Mahmood Hashmi
8th of April, 2010
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