21 November 2008
Suara Pusat Islam
Dr. Amini Amir Abdullah
Muslims should have the knowledge and good practice on financial management, asset evaluation, capital budgeting, capital structure, financial planning and capital management. The Ninth Malaysian Plan is consistent with the mission to develop our country with an advanced economy, balanced social development and a united citizen, well-skilled, progressive and farsighted. The Prime Minister of Malaysia says: “The state Islamic religious authorities need to take the responsibility of fardu kifayah, play an active role to develop the economy of Muslims and assist on the development of human capital.”
Islam owns its system of business ethics, including a ban on interest-bearing loans and stocks and aversions to debt, hording and overvaluing. Prophet Mohammad (PBUH) said: "Whoever asks for money while he has what suffices him has asked for a lot of Hellfire's embers." People asked him, "What is the sufficient amount of money above which one should not ask?" He said, "The amount he needs for his lunch and dinner." (Narrator Abu Daud) In Islam, financial management is an act of worship. Spending money should be in a moderate and fair manner. Allah says in Surah Al-Furqan: 67-68: which means: “Those who, when they spend, are not extravagant and not niggardly, but hold a just (balance) between those (extremes); Those who invoke not, with Allah, any other god, nor slay such life As Allah has made sacred except for just Cause, nor Commit fornication; - and any that does This (Not only) meets punishment”.
In this verse, Allah s.w.t emphasizes that Muslim should not spend their money extravagantly nor measly, but hold a medium way. The Prophet Mohammad (PBUH) warned us: "Whoever takes people's money with the intention of paying it back, Allah will carry out [this burden] for him. And whoever takes people's money with the intention to loose it [i.e., not pay it back] Allah will destroy him." Allah also says in Surah Al-Taubah: 121: which means: “Nor could they spend anything (for the Cause) - small or great - nor cut across a valley, but the deed is inscribed to their credit; that Allah may requite their deed with the best (possible reward)”.
In this verse, Allah gives emphasis on the attitude of spending anything in Allâh's Cause; either small or great, but is written to their credit, that Allâh may recompense them with the best of what they used to do (i.e. Allâh will reward their good deeds according to the reward of their best deeds which they did In the Most perfect manner). Allah says which means: “And render to the kindred their due rights, as (also) to those in want, and to the wayfarer: but squander not (your wealth) in the manner of a spendthrift. Verily spendthrifts are brothers of the Evil Ones; and the Evil One is to his Lord (Himself) Ungrateful.” (Surah Al-Isra’: 26-27) From this verse, we can learn that:
1. Full assistance should be given to the poor and to the wayfarer.
2. Not to spend our wealth in a wasteful manner or In the manner of a spendthrift.
3. Spendthrift are brothers of the Shayatîn (devils), and the Shaitân (Devil Satan) is ever ungrateful to Allah s.w.t..