Others said: “Extravagance is to exceed the proper limits in spending, to the point that it becomes wastefulness; while miserliness is to fall short of what is indispensable.” This is the meaning of Ibrahim’s statement: “He neither leaves them hungry nor unclothed, nor does he spend in such a way that people say, ‘He has been extravagant.’” (1)
“And they maintain a just balance between the two”: that is, a moderate course between extravagance and miserliness, a virtue between two vices. Yazid ibn Abi Habib said concerning this verse: “They were the Companions of Muhammad, peace and blessings be upon him. They did not eat food for luxury and enjoyment, nor did they wear clothing for adornment; rather, they sought from food that which would ward off hunger and strengthen them in the worship of their Lord, and from clothing that which would cover their private parts and protect them from heat and cold.” (2)
‘Umar ibn al-Khattab said: “It is sufficient extravagance for a man to buy and eat whatever he desires whenever he desires it.” (3)