Unlocking discrete concepts of Islamic wealth management

WEALTH is known as mal that can be possessed, secured or stored. Islam views wealth as a trust and bounty from the Allah (SWT). In Islam, wealth is an economic measure that consists of both physical wealth and spiritual wealth, denoting wealth has a wider coverage than its conventional peer. The latter confines the definition to physical wealth out of a secularisation.

There was a fallacy asserting that Islam does not support wealth generation but religious activities. This might be drawn from the ignorance on the real concept of wealth according to the primary sources. In contrast to poverty, however, Islam promotes a positive attitude towards wealth, which helps to avoid poverty.

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