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Wealth of Nation: Consumption, Saving and Investment in Islamic Economics
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Poverty is an inevitable issue. In Islam, poverty must not be a voluntary conduct. Muslims should have both physical and spiritual strengths in order to search for the bounties of God. Hence, a society, together with every individual, should have an economic eye on the use of resources. It is the bounty of God, which man inherits (to use with trust). Islam motivates followers to make good earnings and spend them in accordance to Gods will. Muslims must be rich and prosperous in order to serve all the five pillars in Islam. It is crucial for Muslims to manage their fortune into blessed wealth. This paper discusses (i) the three major components in economics, namely consumption, saving and investment, from the Islamic perspective, and (ii) how the three could revive the economy and develop wealth for the Muslim ummah and to the country in general. It is to show that seeking wealth is not a sinful act in Islam and Muslim followers must be motivated to pursue wealth and prosperity.

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School of Business and Economics, Universiti Malaysia Sabah, Beg Berkunci 2073,
88999 Kota Kinabalu
Sabah
Malaysia

Full Name [1]
Dayangku Aslinah Abdul Rahim