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6 Rules for Managing Family Finances according to Sharia
Published on 1 Sep 2022
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6 Rules for Managing Family Finances according to Sharia
1. Husband is Fully Responsible for Family Needs
In Islam, earning a living is one of the obligations of husbands. Allah ta'ala says which means "Let those who are able (husbands) provide a living according to their ability. And the person whose sustenance is limited should provide a living from the wealth that Allah has given him." (Ath-Thalaq:7)
The Messenger of Allah also explained that earning a living for the family can also be worth charity which has a very large reward. He said: "Whoever spends his wealth for his wife, children and householders, then he has given charity." (HR. Tabrani).
2. Wife Can Help Family Finances
3. Have a Priority Scale
4. Be Qana'ah (Feel Enough) And Don't Overdo Your Shopping
"And those who, when they spend (wealth), they are not extravagant, and are not (also) stingy, and are (the spending) in the midst of such things." (Surat al-Furqon: 67)
5. Mandatory Financial Assistance to Parents in Need
6. Balancing Between Income And Expenses
Abu Bakr Radhiyallahu anhu once said: "I hate household that spends or spends food for several days in one day only.”
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