What are the justifications for prohibiting the hoarding of wealth in Islam?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The wisdom behind prohibiting the hoarding of wealth is that Islam considers wealth to be the property of Allah, and its possessor is merely a trustee empowered over it; thus, he is obliged to dispose of it according to Allah's command. Islam has ordained social cooperation whereby the wealthy are to give the needy their due share of wealth. For this reason, Allah Almighty has promised severe punishment to those who refuse to spend wealth in its prescribed channels.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/84773
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- Ftawy
- Original fatwa ID
- 84773
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- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy