In the Friday sermon, Imams have called upon the Ummah to exercise prudence in financial management, emphasising a series of initiatives aimed at transforming attitudes towards financial practices.
Among the key recommendations is a thorough review and reorganisation of personal finances, urging individuals to engage in self-reflection on their expenditures and lifestyle choices.
The sermon highlighted the significance of aligning one’s financial decisions with their means.
If expenditures exceed one’s financial capacity, Imams stressed the importance of reducing unnecessary costs and redirecting efforts towards saving for future plans.
Additionally, the Ummah was encouraged to cultivate a culture of saving as a precautionary measure for emergencies and to steer clear of accumulating debts, especially for non-essential items.
Religious authorities underscored the role of parents in instilling a saving culture, urging them to set examples for their children.
This includes promoting the habit of saving by introducing safety deposit boxes at home or savings accounts in banks. Parents were advised to explain to their children the importance of saving, instill thriftiness, and advocate wise spending rather than extravagance.
Furthermore, Imams called on the Ummah to develop essential skills for making sound life decisions, particularly in financial matters. This involves aligning expenditures with Islamic principles, gaining awareness of financial management importance and risks, fostering the right attitude towards finances, and motivating oneself to confidently manage finances effectively.
