25-Surah Al-Furqan (The Criterion ) 67
    And [they are] those who, when they spend, do so not excessively or sparingly but are ever, between that, [justly] moderate
    وَالَّذِينَ إِذَا أَنفَقُوا لَمْ يُسْرِفُوا وَلَمْ يَقْتُرُوا وَكَانَ بَيْنَ ذَٰلِكَ قَوَامًا

    Quran's Tafhim ( explanation)

    *83) The true servants of Allah adopt "the golden mean" between the two extremes in spending their money. They neither go beyond prudence and necessity in expenditure nor live in wretched 'circumstances in order to save and hoard money but are frugal. This was the characteristic of the followers of the Holy Prophet, which distinguished them from the well-to-do people of Arabia, who were either spend-thrifts in regard to the gratific ation of their own lusts or niggardly in spending their money on good works. According to Islam extravagance is: (1) To spend even the smallest amount of money in unlawful ways, (2) to go beyond one's own resources in expenditure even in lawful ways, or to spend money for one's own pleasure, and (3) to spend money in righteous ways not for the sake of Allah but for mere show. On the other hand, one is miserly if one dces not spend money for one's own needs and requirements and those of one's family in accordance with one's resources and position, or if one dces not spend money for good works. The way taught by Islam is the golden mean between the two extremes. The Holy Prophet has said, "It is a sign of wisdom to adopt the "golden mean" in one's living." (Ahmad, Tabarani).
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