Some people hoard up their wealth and money throughout their entire life and do not use it for good causes as defined in the Qur’an. With insatiable greed, they persistently try to possess more and more wealth. As for what they gain, they do not spend it in the way of Allah, or to feed those in need, but just to enjoy themselves. They hoard up much more than they will ever need and do not use it for good deeds apart from some small expenditures which serves as a means to show off. These people will have a terrible reprisal in the Hereafter, which is related in the Surat at-Tawba as follows:
Those who hoard their wealth and are parsimonious are in fact those who are greedily attached to this world with what they possess and who cannot grasp that Allah has given them wealth and assets to try them in this world. Yet Allah is the One Who is rich beyond need, and is the true owner of all wealth. It is man who needs a reward from Allah by spending in His way. This fact is related in a Qur’anic verse as follows:
What is the reprisal in the sight of Allah for hoarding wealth or being tight-fisted?
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