‘And those who when they spend, are neither extravagant nor niggardly, but hold a medium (way) between those (extremes). (25:67)

Allah’s chosen servants are those who neither spend excessively nor become misers but spend moderately.

“Give the kinsman his due, and the needy, and the wayfarer, and squander not (your wealth) in wantonness. Lo! the squanderers were ever brothers of the devils, and the devil was ever an ingrate to his Lord” (Quran 17:26-27).

Amr ibn Shuaib, on his father’s authority, said that his grandfather related, that the Prophet (PBUH) said: When you eat, drink, give charity, and wear clothes, let no extravagance or pride be mixed up with what you do. (Ibn Maja, Nasai)

Abu Huraira (RA) narrated that the Prophet (PBUH) said: Every day two angels come down from Heaven and one of them says, ‘O Allah! Compensate every person who spends in Your Cause,’ and the other (angel) says, ‘O Allah! Destroy every miser’. (Bukhari)

Abu Said Khudri (RA) related that the Prophet (PBUH) said: There are two habits which are never present together in a believer: miserliness and bad manners. (Tirmidhi)

Jabir reported that the Prophet (PBUH) said: Avoid doing injustice to others, for on the Day of Judgment, it will turn into manifold darkness, and safeguard yourself against miserliness, for it ruined those who were before you. It incited them to murder and treat the unlawful as lawful. (Muslim)

Rasulullah (PBUH)  is quoted to have said ‘It is the sagacity of man to adopt in the middle path in spending.’

Ways and means of income, earning one’s livelihood, and spending such income should confirm with the Shari’ah. Hadhrat Ibn Mas’ood (RA) narrates that Rasulullah (PBUH) said: “On the Day of Judgement, no one will be able to move Reckoning until a reckoning of five things has not been taken. (Tirmidhi)