Resolving the saving-spending schism
In Islam, wealth is not only a means to survival but a trust (Amanah).
The Holy scripture reminds us to spend wisely, to avoid extravagance, and to protect ourselves and our families from harm. Historically, Muslims rode this balance naturally because the money itself encouraged it: gold dinars and silver dirhams carried intrinsic value.
Today’s fiat currencies behave differently. They depreciate silently under inflation, eroding our savings year by year. Across Europe, the Gulf, Southeast Asia and Africa, the same frustrations recur: a month’s salary buys less each year, foreign fees quietly tax cross-border families, and young entrepreneurs from Lagos to London, Jeddah to Jakarta ask why the tools in their pockets can’t help them build wealth.
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Sharene Lee