´Abu Umamah narrated that the Prophet (s.a.w) said:` "O son of Adam! If you give your surplus it is better for you, and if you keep it, it is worse for you, but there is no harm with what is sufficient. And begin(the giving) with your dependents, and the upper hand (giving) is better than the lower hand (receiving)."
Hadith Referenceسنن ترمذي / كتاب الزهد عن رسول الله صلى الله عليه وسلم / 2343
Hadith Gradingالألبانی:صحيح، الإرواء (3 / 318)
Hadith Takhrij«صحیح مسلم/الزکاة 32 (1036) ( تحفة الأشراف : 4879) ، و مسند احمد (5/262) (صحیح)»
1؎ : The meaning is that if Allah has blessed you with wealth and riches, then take care of your own needs and those of your family and dependents from it, and distribute the surplus wealth among the needy and deserving. For hoarding leads to undesirable consequences both in this world and the Hereafter; hoarding gives rise to many evils in society, and the outcome of miserliness in the Hereafter is absolutely clear.
Explanation & Benefits
Shaykh Dr. Abdur Rahman Freywai
Explanation: 1: The meaning is that if Allah has blessed you with wealth and riches, then take care of your own needs and those of your family and dependents from it, and distribute the surplus wealth among the needy and deserving. This is because hoarding leads to undesirable consequences both in this world and the Hereafter. Hoarding gives rise to many evils in society, and the outcome of miserliness in the Hereafter is absolutely clear.
Source: Sunan al-Tirmidhi – Majlis ‘Ilmi Dar al-Da‘wah, New Delhi Edition, Page: 2343