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Is this hadith regarding the wealth muslims are allowed to collect sahih?

The hadith regarding the wealth that Muslims are allowed to collect states: Those who accumulate wealth are among the lowest on the Day of Resurrection, except the one who says regarding his wealth: 'This belongs to me, this to the right, this to the left,' and acquires it through permissible means. Sunan Ibn Majah 38:31SunniHasan Sahih (per Al-Albani).

However, this hadith is graded as Daif Munkar by scholars like Al-Albani, which means it is considered weak. Therefore, while it provides a moral lesson about the proper attitude towards wealth, it should not be relied upon as a strong source of Islamic law or doctrine.

Additionally, the Prophet ﷺ also stated: Whoever Allah grants wealth and does not pay its zakat, on the Day of Resurrection he will be made to carry his wealth in the form of a bald-headed thorny male goat with two long horns... Sahih al-Bukhari 65:87SunniSAHIH. This narration emphasizes the importance of paying zakat and highlights the consequences of failing to do so, which is a more authoritative stance on the treatment of wealth in Islam.

In summary, while the hadith you mentioned offers insights into the attitude towards wealth, its weak status means it should be approached with caution, and other stronger narrations should be prioritized for guidance.

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