Hoarding is condemned in the Quran:
9:34 "O you who believe, many of the Priests and Monks consume people's money in falsehood, and they turn away from the path of God. And those who hoard gold and silver, and do not spend it in the cause of God, give them news of a painful retribution."
Well what I want to discuss today is what kind of hoarding is forbidden?
The above said hoarding gold and silver AND not spending it in the name of God is bad. This is what I am getting from it as in you can have wealth saved up but still make sure you spend too and thus the idea of simply accumulating wealth with no intent on spending in the name if God is bad.
The idea i've realized is further supported by how Prophets like Solomon had his kingdom as wealth and fancy horses or how Joseph saved up food for later use (I think it was him at least) and we ecen got verse stating how treasure is here for us to enjoy:
3:14 "It has been adorned for people to love the desire of women, buildings, ornaments made from gold and silver, trained horses, the livestock, and fields. These are the enjoyment of the world, and with God is the best place of return."
So I decided to look up the definition of hoarding:" hoard (hôrd, h rd)
n. A hidden fund or supply stored for future use; a cache
. v. hoard·ed, hoard·ing, hoards
v.intr. To gather or accumulate a hoard.
v.tr. 1. To accumulate a hoard of.
2. To keep hidden or private.
If we were to go by those terms of absolutely no hoarding is allowed then we can't save money for rainy day, for future plans such as a better home or better TV or for your childs fund. Heck even a bank account would not be allowed as its where we keep our money and use it to later buy more food or other things. This would also mean people like Solomon and Jospeh have sinned for keeping treasure and gathering food for the future.
This is why I believe 9:34 above shows us that with the word AND that its hoarding+ not spending on charity or in the name of God is what is not allowed. This is what Qarun did. He had a ton of money but refused to give a dime of it to the people.
Thus I believe we can have nice things as Solomon did with his horses and kingdom while using his money also in the name of God. As well saving money or stuff for later as Jospeh did with food but still also spent his money in the name of God.
I myself give half of my excess after my paycheck is done to my mother for her to use however she wishes as that is also a form of charity stated in the Quran while the other half of my excess goes to be saved for future use on something nice like video games, buying new film gear (planning to start that as i'm oushing further into the. Film industry) and food and such.
My father also likes to pay me a bit of money each week too which I normally don't include as money to be spent on charity as its simply a gift for buying things as I wish
Of course I am not saying i'm 100% correct and would like your opinions on it too.