Why Islam Discourages Hoarding
Hoarding money is a pointless exercise that can never benefit us like saving for a rainy day that may never come. Having money squirreled away in the bank or in a safe may give a sense of security but it will be the downfall of many on the Day of Judgement.
Chapter 3, verse 180
Let not those who withhold and hoard God's provisions think that this is good for them; it is bad for them. For on the Day of Resurrection they will carry their hoardings around their necks. God is the ultimate inheritor of the heavens and the earth. God is fully aware of everything you do.
Surely it is better to share the wealth that God has given us, with those less fortunate, than to keep it hidden away where it benefits no one. God says in the Quran that those who hoard their wealth and enjoin others in avarice, and hide that which is bestowed upon them of His bounty will face a shameful retribution (4:37).
Chapter 9, verses 34, 35
O you who believe, many religious leaders and preachers take the people's money illicitly, and repel from the path of God. Those who hoard the gold and silver, and do not spend them in the cause of God, promise them a painful retribution.
The day will come when their gold and silver will be heated in the fire of Hell, and then used to burn their foreheads, their sides, and their backs: "This is what you hoarded for yourselves, so taste what you have hoarded.”
There are plenty of verses in the Quran that tell us that hoarding is of no benefit to us. God also tells us that this world is an illusion that we temporarily live in. Nothing in this world matters, nothing material will save our souls from damnation.
Chapter 57, verse 20
Know that this worldly life is no more than play and games, and boasting among you, and hoarding of money and children. It is like abundant rain that produces plants and pleases the disbelievers. But then the plants turn into useless hay, and are blown away by the wind. In the Hereafter there is either severe retribution, or forgiveness from God and approval. This worldly life is no more than a temporary illusion.
We may ask why it is that some people have more than others in this world. God gives his blessing to whom so ever He chooses. It is how we use those blessings that matters, not how much we have. Say: In the bounty of God and in His mercy: therein let them rejoice. It is better than what they hoard (10:58).
There are many people in this world who have more money than they know what to do with, but it does not mean they are happy. Money does not bring happiness, especially if it is not shared. Why is it that there is so much money in the world yet only a few have access to it?
Chapter 43 verse 32
Are they the ones who assign your Lord's mercy? We have assigned their shares in this life, raising some of them above others in ranks, in order to let them serve one another. The mercy from your Lord is far better than any material they may hoard.
God intended those who have money to help those without. Compassion and sharing is sadly lacking in today’s society. The rich get richer and the poor get poorer but it is not what you have in this world that matters, it is what you are going to get on the Day of Judgement you should be thinking about.
No amount of bling, shoes, cars, houses, children, animals or money is going to save you from a severe retribution if hoarding is more important to you than God.
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