CHARITY :50% OF THE SAVINGS ?
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Salaamun alaikum everyone,
1727 And give the relative his due, and the poor, and the wayfarer; and do not waste excessively.
1728 Those who waste excessively are brothers to the devils, and the devil was to his Lord a rejecter.
1729 And if you turn away from them to seek a mercy from your Lord which you desire, then say to them a gentle saying.
1730 And do not make your hand stingy by holding it to your neck, nor shall you lay it fully open so you become in despair and regret.
1731 Your Lord lays out openly the provision for whom He wishes, and He is able to do so. He is Expert and Watcher to His servants.IMO making your hand stingy by holding it to your neck means not giving anything (0 %) and lay it fully open means 100 % (of the excess of course). I think that here Allah is asking us to make our own judgement and the amount of charity could be any reasonable figure between those two extremes depending on our individual judgement or situation; for example it could be 25 % or 40 % or 65 % or 80 % of the excess. I dont think the above ayat implies 50 % exactly.
Peace,
Tanveer