Publication:
Islamic wealth management and its relevance in modern times
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Date
2017
SDG:
Abstract
Islam has a unique dispensation on the concept of wealth, its ownership and distribution. Wealth is not regarded as an end per se, but a means to an end: the end being the paradise in the hereafter. Essentially, material possessions are considered the primary form of weakth, perceived to be generated, accumulated and/or invested by the one who acquired it. Inclusively, wisdom, knowledge, salvation and even contentment can all be categorized as wealth. From the Islamic perspective, Allah (to Him be Praise) is the true owner of all wealth and He entrusts it to man for beneficial use (Quran 20:6). Therefore, a Muslim is required to earn and invest wealth in Islamically permissibale methods in the real sector of the economy.
Keywords
Islamic wealth management , Wealth
Citation
Ramadili Mohd, S. M., & Mahomed, Z. (2017). Islamic wealth management and its relevance in modern times. IF Hub, 5 (June 2017), pp. 7-15.
Publisher
INCEIF