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Money in Quran Kareem
PROHIBITION OF RIBA:
O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers.
And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged.
Surah Baqarah 2,278/279:
WHAT IS QINTAR?! - Great amount of Wealth/ Gold:
Among the people of the Scripture (Jews and Christians) is he who, if entrusted with a qintar (a great amount of wealth, etc.), will readily pay it back; and among them there is he who, if entrusted with a single silver coin, will not repay it unless you constantly stand demanding, because they say: "There is no blame on us to betray and take the properties of the illiterates (Arabs)." But they tell a lie against Allah while they know it. Surah Aal-i-Imraan, Chapter #3, Verse #75)
But if you intend to replace a wife by another and you have given one of them a qintar (of gold i.e. a great amount as Mahr) take not the least bit of it back; would you take it wrongfully without a right and (with) a manifest sin?
(Surah An-Nisaa, Chapter #4, Verse #20)
Believers establish Prayer and Spend from what We (Allah azza wa Jal Provided for them)
The believers are only those who, when Allah is mentioned, their hearts become fearful, and when His verses are recited to them, it increases them in faith; and upon their Lord they rely - The ones who establish prayer, and from what We have provided them, they spend. Those are the believers, truly. For them are degrees [of high position] with their Lord and forgiveness and noble provision." (Quran 8:2-4).
Asmah related that the Prophet said: Spend, and do not count, lest Allah counts against you. Do not withhold your money, lest Allah withholds from you. Spend what you can. (Bukhari, Muslim)
Abu Huraira related that the Prophet said: The Lord's commandment for every one of His slaves is, ‘Spend on others, and I will spend on you'. (Bukhari, Muslim)
HOW MUCH SHOULD WE SPEND?
“And let not your hand be tied (like a miser) to your neck, nor stretch it forth to its utmost reach (like a spendthrift), so that you become blameworthy and in severe poverty” (Al-Qur’an, Al-Isra: 29). In another verse, Qur’an says: “And those, who, when they spend, are neither extravagant nor niggardly, but hold a medium (way) between those (extremes).” (Al-Qur’an, Al-Furqan: 67). In a Hadith, Prophet Muhammad (Peace be upon him) said: “Spend according to your means; and do not hoard, for Allah will withhold from you.” (Al-Muslim, Book of Zakah, Vol 3, Hadith No. 2378). Islam expects Muslims to avoid being spendthrift and extravagant. Allah in Qur’an says: “… Waste not by extravagance. Verily, He likes not those who waste” (Al-Qur’an, Al-An’am: 141). In another verse, Allah in Qur’an says “…Spend not wastefully (your wealth) in the manner of a spendthrift.” (Al-Qur’an, Al-Isra: 26).
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