The concept of Hoarding wealth and punishment in the Judgement Day according to the Quran

In the Quran, the concept of hoarding and amassing wealth is often linked to the idea of greed and arrogance, which are condemned as sinful traits. On the Day of Judgment, such individuals will be held accountable for their actions and will face punishment if they have not used their wealth for good.

Quran 70:18-19 states, "And those who hoard gold and silver and spend it not in the way of Allah - give them tidings of a painful punishment. On the Day when it will be heated in the fire of Hell and seared therewith will be their foreheads, their flanks, and their backs: 'This is what you hoarded for yourselves, so taste what you used to hoard.'"

This verse suggests that those who hoard wealth and do not use it for good will face a painful punishment on the Day of Judgment, as their hoarded wealth will be heated in the fire of Hell and seared onto their bodies. The verse also implies that such individuals have hoarded their wealth for themselves, without considering the greater good or the will of Allah.

There are several verses in the Quran that discuss the issue of hoarding wealth. Here are some examples:

"Woe to every scorner and mocker who collects wealth and [continuously] counts it. He thinks that his wealth will make him immortal. No! He will surely be thrown into the Crusher." (Quran 104:1-3)

"And those who hoard gold and silver and spend it not in the way of Allah - give them tidings of a painful punishment. On the Day when it will be heated in the fire of Hell and seared therewith will be their foreheads, their flanks, and their backs, [it will be said], 'This is what you hoarded for yourselves, so taste what you used to hoard.'" (Quran 9:34-35)

"O you who have believed, let not your wealth and your children divert you from remembrance of Allah. And whoever does that - then those are the losers. And spend [in the way of Allah] from what We have provided you before death approaches one of you and he says, 'My Lord, if only You would delay me for a brief term so I would give charity and be among the righteous.'" (Quran 63:9-10)

Punishment:

According to Islamic belief, hoarding wealth and resources instead of using them for the benefit of others is considered a serious sin. On the Day of Judgment, those who hoarded wealth and refused to spend it on good deeds or charity will be punished by Allah. The punishment may include being deprived of blessings and abundance in the afterlife, and potentially facing the wrath of Allah's punishment in the form of Hellfire. The Quran warns against the evils of hoarding wealth and encourages believers to use their resources to help others and earn the pleasure of Allah.

Suggested Spending:

In Islam, there is no fixed or specific amount that a person should spend as it varies based on individual circumstances and financial situations. However, it is recommended to give a minimum of 

2.5% 

of one's excess wealth annually as Zakat (from savings), which is a form of obligatory charity in Islam. Additionally, giving voluntary charity or Sadaqah is encouraged as it is believed to purify one's wealth and increase blessings in their life. Ultimately, it is up to each person to determine how much they can afford to give based on their income, expenses, and other financial obligations. The most important thing is to give with sincerity and generosity, seeking the pleasure of Allah and helping those in need.

In summary, Islam encourages spending in moderation and avoiding extravagance or stinginess. Muslims are required to fulfill their basic needs and obligations, as well as to give charity according to their means. The emphasis is on being grateful for the blessings of Allah and using them in a balanced and responsible manner. On the Day of Judgment, people will be held accountable for their wealth and how they earned it and spent it, and those who hoarded or misused it will be punished.