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The Important Wealth Planning in Sharia Compliant

Redha Sindarotama27 May 2025

0 1 7 minutes read

Feel Your Salary Increase, But Your Heart Doesn’t Feel Ease?

Have you ever felt that your salary has increased, bonuses have been paid, but your heart is still restless? Saving money is getting harder, bills never end, and life feels even narrower? Maybe it’s not about how much wealth we have but how we view and manage it.

In Islam, wealth and sustenance are not just numbers in an account. There is an intention, source, way to obtain it, and the purpose of its use must all be in accordance with sharia. Because if the perspective is wrong, no matter how much we have, it can feel insufficient. But if the perspective is right, even a little can be a blessing.

Therefore, before discussing saving strategies or salary allocation, we need to go back to the foundation: our perspective on wealth and sustenance, as taught by Islam. Because this is where the blessings of life that are often missed lie.

Understand the Concept of Wealth, Provisions, and Ownership According to Sharia

Before getting busy preparing a monthly budget, opening an investment account, or taking a finance class, there is one thing that is often forgotten: we need to first understand the basic concepts of finance in Islam.

Why is it important? Because in sharia, not everything that seems to be “owned” is truly ours, and not everything we “enjoy” is necessarily our responsibility. Well, this is where we start: by distinguishing between wealth, sustenance, and ownership three things that seem similar, but have very different legal positions and roles in financial planning according to sharia .

Wealth ( المال )

Wealth ( المال ) is any form of wealth that we can physically own, count, and record in real terms. For example, money in a bank account, the house we live in, assets we hold, even a motorbike parked in the garage, well all of that is included in wealth.

But remember, wealth is not necessarily sustenance. This means that we may have a lot of wealth, but we may not really be able to enjoy or benefit from it. Sometimes, wealth is just a burden if it is not managed according to sharia and without good planning.

Provisions ( Provisions )

Provision ( الرزق ) is everything that we enjoy , whether little or much, which is truly a direct gift from Allah ﷻ . It may not be ours legally, but we can still feel the benefits.

Therefore, do not be surprised if there are people who do not have their own house, but can live comfortably in their parents’ house, that is still a blessing. There are also those who do not have much money, but are healthy, peaceful, and eat well every day, that is also a blessing.

Provisions are not about numbers in the account, but about the pleasures that Allah ﷻ allows us to feel. And because it is His gift, the best attitude is to be grateful when given, and patient when withheld.

Also read: What is the View on Islam and Morals of Stockpiling?

Ownership ( الملك )

If wealth is what we have physically, and sustenance is what we enjoy as a gift from Allah ﷻ , then ownership ( الملك ) is the legal right to that wealth according to Islamic law.

We may have things, such as a car or a house, but the ownership is not necessarily valid according to sharia if the way of obtaining it is not in accordance with Islamic principles. In Islam, legitimate ownership must be through halal means such as:

Shariah compliant buying and selling
Inheritance is divided according to faraid law
Legitimate grants (gifts)
Other contracts that comply with sharia provisions

An easy example: someone inherits a house but has not divided it according to faraid rules. According to Islamic law, ownership of a house is not fully legal, because there are other heirs’ rights that must be taken into account. This means that ownership must be clear and legal so that the property truly belongs to us according to sharia.

Then, there is another more serious example: someone has stolen goods. Physically he holds and uses them, but in terms of sharia his ownership is not valid , because the goods are not legally his and come from a prohibited path. Using stolen goods means managing unlawful wealth and it can have a negative impact on the blessings of our wealth and deeds.

Rasulullah ﷺ gave a very sharp warning about this in an authentic hadith narrated by Imam Muslim from Abu Hurairah Radhiyallahu ‘anhu, he ﷺ said:

” God willing رب, ومطعمه حرام ومشربه حرام وملبسه حرام, وغذي بالحرام فأنى يستجاله لذلك “

“… then the Prophet Shallallahu ‘alaihi wasallam mentioned a man who was traveling far, his clothes were tattered and dusty. He raised his hands to the sky and prayed, ‘O my Lord … O my Lord …’ Even though his food was haram, his drink was haram, his clothes were haram, he grew from haram wealth. So how could his prayer be answered?!” ( HR. Muslim )

Therefore, it is very important for us to understand the legal transfer of ownership according to sharia . Don’t let us think that we already have property, but it turns out that its status is not yet valid or comes from a forbidden way. This is not only a matter of worldly law, but also the blessings of life and the acceptance of our prayers before Allah ﷻ .

Also read: Smart Muslim Investors, Starting a Business with Knowledge

Why is This Important in Shariah Compliant Financial Planning?

After we understand about wealth , sustenance , and especially legal ownership according to sharia, now the question arises: why is this so important in financial planning according to sharia?

Obviously, if we do not understand this concept, we can make a wrong move in managing our finances. For example, we have tried hard to save and invest, but it turns out that the source of funds or the way to get them is not in accordance with sharia, we can not only lose in this world, but also in the afterlife.

Financial planning according to sharia is not only about arranging numbers or dividing income carefully, but also ensuring that every rupiah we have and manage is halal and blessed . If not, there is a risk that our prayers and efforts will not be accepted, as the Prophet ﷺ reminded us that haram wealth can be a barrier to prayer:

“While his food is haram, his drink is haram, his clothes are haram, he grew from haram wealth. So how can his prayer be answered?!” ( HR. Muslim )

Also Read: Sharia Compliant Investments for Beginners

Therefore, in sharia financial planning, we must be aware that the value and blessings of wealth depend greatly on how we acquire and manage it .

For example, in financial planning according to sharia, we need to pay attention to the following things:

Prioritize valid sales and purchase agreements in accordance with sharia provisions so that ownership of assets becomes halal and legal.
Ensure that the source of income comes from a halal business or job , not one that contains haram elements such as gambling or fraud.
Avoid transactions that contain usury , because usury is clearly prohibited in Islam and can damage the blessings of wealth.
Avoiding transactions with gharar (uncertainty) , such as excessive speculation which is dangerous and not in accordance with the principles of justice.
Do not use or take advantage of illicit goods , such as stolen goods or those obtained through illegal means, so that ownership remains valid and our prayers are not hindered.
Understand and apply inheritance (faraid) and gift mechanisms correctly so that the transfer of property ownership takes place in accordance with Islamic law and does not harm other parties.

By implementing these points, our financial planning will be in accordance with sharia, bring blessings, and become an act of worship that is approved by Allah ﷻ .

When we have done these things, then budgeting, saving, investing, and spending management will become a worship that is worth reward and brings blessings. This is what makes financial planning according to sharia not just an ordinary financial routine, but a way of life that brings inner peace and the pleasure of Allah ﷻ .

Also read: 3 Tips for Sharia Stock Investment for Beginners

Conclusion: Don’t Just Make Money, But Also Halal and Blessed

Now you know, yes, that in Islam, the matter of wealth is not as simple as “having” or “not having”. There are three important aspects that we must understand first before thinking about budgeting or investing: wealth , sustenance , and ownership . And all of that must be arranged in a way that is in accordance with sharia .

We live in this world not only to collect assets, but to ensure that every asset is halal, thayyib, and used for things that Allah ﷻ approves of. It is useless to have a lot if the path is deviant, or we do not feel the benefits.

Therefore, financial planning should not only think about strategy, but start from the foundation of faith .

Make sure your income is halal
Pay attention to how your ownership is legal
Avoid transactions that Allah ﷻ forbids
Manage wisely so that the benefits are felt, in this world and the hereafter

Intend all your financial steps as a form of worship. Because when the intention is right, the method is in accordance with sharia, the result, God willing, will not only be blessed but also easy to be reckoned with.

May Allah ﷻ make it easy for us to find halal sustenance, protect us from doubtful wealth, and make every rupiah we manage a path to heaven. Aamiin.

Also read: Sharia Compliant Investments for Beginners