Islam motivates us to spend wealth in its good ways from ourself, for family and children, and doing good deeds. Because a person’s real wealth is what he spends in his life, not what he leaves after his death.
In a hadith from ‘Abdullah ibn Mas‘ood (may Allah blesses him), that the Prophet (ﷺ) says,
أَيُّكُمْ مَالُ وَارِثِهِ أَحَبُّ إِلَيْهِ مِنْ مَالِهِ . قَالُوا يَا رَسُولَ اللَّهِ مَا مِنَّا أَحَدٌ إِلاَّ مَالُهُ أَحَبُّ إِلَيْهِ. قَالَ فَإِنَّ مَالَهُ مَا قَدَّمَ، وَمَالُ وَارِثِهِ مَا أَخَّرَ
“For which of you is the wealth of his heir dearer to him than his own wealth?”. They said, O Messenger of Allah, there is no one among us but his wealth is dearer to him. He (ﷺ) said, “Verily his (real) wealth is that which he sends on ahead, and the wealth of his heir is that which he keeps back”. [Saheeh al-Bukhari].
The real wealth of a person is that which he already spent. Means, the wealth that he spent during his life on himself, as his good deeds. Or the wealth that he used to provide sustenaince for himself and his family. Because this kind of wealth will benefit him in this world and the hereafter.
And other than that, will be the wealth of his heirs. That he leaves it to his heirs while he does not use that wealth for sadaqa (charity) until he dies [Mausuah Hadithiyah Dorar as Saniyya]
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