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Inflation – Good or Bad | Hubeali Skip to content Hubeali Menu Topics Quran Tafseer Books Urdu Books English Books Sermons School of Wilayat Search for: Search Button Home Articles Inflation – Good or Bad Details Sidebar Table of contents Expensive Prices: Modesty in Spending: Rizk (Sustenance) is in accordance with Expenses: Always be Hopeful of Good Rizk from an Unknown Source: The Prices are regulated by Allah-azwj High Prices are a Trial: Bargaining and Buying on Credit: Keep on Buying even Little: Signs of Pleasure and Wrath of Allah-azwj: Inflation caused by Hoarding: Inflation – Good or Bad When we observe escalating prices, we get nervous as most of us have a fixed income.

However, from financial point of view, inflation can be good or bad, depending on our situation, if we are owed money or people owe us money. Some financial experts see inflation as a sign of struggling economy whereas others embrace it as a sign of good times to come when wages will start increasing. Historically, we have observed prices have never come down once climbing-up and lower prices of the past, our ancestors have enjoyed, surprise us.

Nonetheless, we see living standards are rising and keeping up with the advances in the technologies! So why do we complain when prices increase? Is it lack of patience, as we panic upon noticing higher prices but slowly when we afford new luxuries of life, we fall short in thanking Allah -azwj . A cycle that has persisted for centuries! With this opening statement, let’s review the Holy Ahadith and make up our own minds if ‘inflation is good or bad’.

Ali Bin Muhammad Bin Abdullah Al Qummy, from Ahmad Bin Abu Abdullah, from his father, from Ismail Al Qaseer, from the one who mentioned it, from Abu Hamza Al Sumaly who said, ‘The expensive prices (inflation) was mentioned in the presence of Ali -asws Bin Al-Husayn -asws , so he -asws said: ‘So what is upon me -asws from its expensiveness. If it is expensive so it is upon Him -azwj , and if it is cheap so it is upon Him -azwj ’.