BALANCE BETWEEN INCOME AND EXPENDITURE OF PROPHET MUHAMMAD (PBUH) A CONTEMPORARY STUDY

Abstract

The life of Prophet Muhammad (PBUH) serves as an exemplary model of balance, moderation, and integrity in financial matters, reflecting the core principles of Islamic teachings. His approach to wealth and economic activities was characterized by lawful earnings, prudent spending, and an unwavering commitment to social welfare. Despite being entrusted with considerable resources during his life, the Prophet (PBUH) prioritized the collective well-being of society over personal gain, demonstrating the values of humility and selflessness. Prophet Muhammad (PBUH) primarily relied on ethical and lawful sources of income, such as trade, war booty, and gifts. Before his prophethood, he was widely known for his honesty and reliability in trade, earning the title "Al-Amin" (the Trustworthy). His business dealings were marked by fairness, transparency, and mutual benefit, embodying the principles of economic justice. As a leader, he received war booty and gifts, which were often distributed equitably among the community, especially among the poor, widows, orphans, and other vulnerable groups. These practices underscore the significance of ethical earning and equitable distribution in an Islamic economic framework. The financial principles embodied by the Prophet (PBUH) are profoundly welfare-oriented, emphasizing the collective good over individual accumulation. In conclusion, the life of Prophet Muhammad (PBUH) presents an enduring model of financial ethics and moderation. His teachings remind us that wealth, when earned lawfully and used responsibly, becomes a means of achieving personal and collective well-being. These principles remain a cornerstone of Islamic economic thought and offer valuable insights for building equitable and compassionate societies in the modern world.

Keywords: Muhammad, Financial Matters, Reflecting, Principles Economic, Activities, Characterized, Modern World