How to Manage the Household Finance in Islam -part 3
Expenditure and Consumption Pattern in Islam
Expenditure or financing is about how to manage lawful wealth or property in order to obtain both the spiritual and material benefits which in turn could help the family members in fulfilling their needs. Regarding this concept, there are several types of expenditures that could benefit the future generation, and expenditure that is done in the form of righteous deeds such as zakat and alms, to obtain the rewards in the Hereafter.
The shari’a of Islam taught its followers several rules that regulate the muslim family’s expenditure or expenses, amongst which – in general- are: