Islam emphasis us to be kind, merciful and generous towards the creations of Almighty Allah. The economic system of Islam is based on spending the wealth in the way of Allah & for the general well beings of the people. Islam urges all Muslims to be generous and open hearted, It commands them to spend their wealth for the welfares and prosperity of the people. The Holy Quran says, "Those who spend their wealth by night and day by stealth and openly in the way of Allah, verily their reward is with their Lord, no fear shall come upon them nor shall they grieve."
It is obligatory for a Muslim to share the bounty and good things that Allah has given to him. He should set apart a portion of his wealth for the needy. In case, monetary help is not possible so a Muslim may give him the kind words. The Holy Prophet (P.B.U.H) said, "The generous is near Allah, near the Common Man and near the Paradise and far from the fire."Spending in the way of Allah washes the sins and errors are forgiven. Generosity is the cause of increasing wealth. In the sight of Allah, helping the needy and poor is like a debt to Allah who does not return it in equal measures but increased many times more. This shows the importance of Generosity.