Business in Islam has always been something which was not only allowed, but also encouraged. The Prophet SAW and his companions would trade with people from all over the world. There are many benefits of business which Islam emphasizes. Read this article to find out more.
It was narrated from ‘Aishah that the Messenger of Allah (ﷺ) said: ‘The best (most pure) food a man consumes is that which he has earned himself, and his child (and his child’s wealth) is part of his earnings.”
Sunan Ibn Majah
However, with all things, there must be moderation and only seeking to earn that which is permissible and halal.
It was narrated from Abu Humaid As-Sa’idi that the Messenger of Allah (ﷺ) said: Be moderate in seeking worldly things, for everyone will be facilitated for which he was created.”
Sunan Ibn Majah
Charity in Islam – Importance and Benefits
As Allah mentions in the Holy Quran:
“Those who consume interest will stand ˹on Judgment Day˺ like those driven to madness by Satan’s touch. That is because they say, “Trade is no different than interest.” But Allah has permitted trading and forbidden interest. Whoever refrains—after having received warning from their Lord—may keep their previous gains, and their case is left to Allah. As for those who persist, it is they who will be the residents of the Fire. They will be there forever.” [Baqarah: 275]
We can clearly see that usury or interest of any kind is not allowed when conducting our business and affairs. It is very common nowadays to have interest play some role in our dealings but we must try our best to stay away from it.
Benefits of Business
- Giving more to charity – When someone has a higher income, they are able to give more money to charity. This in turn leads to more reward and more blessings within your business, which brings more money. And the cycle continues. So be generous and give money in charity.
- More time to spend with your family – Spending time with your family is especially important when you are fairly young and still have strength and energy. Once you start to get old and weak, you are less able to do activities. If you are financially free or have a successful business which doesn’t require a lot of your time then this can be dedicated to your family. And spending time with one’s family is a right which must be fulfilled.
Narrated Abu Masud Al-Badri: The Prophet (ﷺ) said, “A man’s spending on his family is a deed of charity.”
Sahih Bukhari
- More time to worship Allah SWT – Being a businessman, you have more control and flexibility over your time. You can take out time to pray salah, recite Quran and do zikr, all whilst not having to worry about employers or bosses.
- Becoming financially free – Money is something we all worry about and spend time trying to attain. Especially in the current financial conditions of countries and economies, many have lost their jobs or had to take pay cuts. The success of a business relies on your effort and the sustenance provided by Allah. Achieving financial freedom removes stress, can pay off debts and will bring no extra worries to your life. You can spend on yourself and your loved ones and increase love between one another.
- A high status for a businessman who is honest – Not only are there numerous benefits of business in this world, but there are also benefits in the hereafter.
5 Ways to Increase your wealth with Quran and Sunnah
O believers! When the call to prayer is made on Friday, then proceed ˹diligently˺ to the remembrance of Allah and leave off ˹your˺ business. That is best for you, if only you knew. Once the prayer is over, disperse throughout the land and seek the bounty of Allah. And remember Allah often so you may be successful. When they saw the fanfare along with the caravan, they ˹almost all˺ flocked to it, leaving you ˹O Prophet˺ standing ˹on the pulpit˺. Say, “What is with Allah is far better than amusement and merchandise. And Allah is the Best Provider.” [Jumuah: 9-11]
