Charity means love, universal benevolence or good will. There are so many verses in holy Quran that shows the importance of charity but in surah Baqarah, there are some most important aspects of Charity. Live Quran reading is one of the helping tools to find the aspects and importance of charity.
Þ Charity For Own self:
Allah Almighty never rejects or neglect any good deed or anything that someone done in the way of Allah. If you did something good then surly you will get virtues and blessing from Allah Almighty as big reward. “Whatever good you shall forward on your behalf you shall find it with God, as better and richer in reward”. (Al-Muzzammil 73: 20)
Þ Give charity of what you love:
Never feel fear or regret when you are going to give something lovely to any needy person because Allah gives reward on the basis of your Iman and deeds. Always try to give charity secretly and that too would be ignored. “You cannot attain to righteousness unless you spend (in charity) out of what you love.” (3:92)
Þ Prefer Charity Then Usury(Riba):
Prefer charity then usury as the glorious book of Allah has strong take on usury. Charity is the act of kindness. It convinces other people to act this kindness. Usury is haram or forbidden in Islam. “O ye who believe! Fear God, and give up what remains of your demand for usury, if ye are indeed believers.”
(2:278- Al-Baqarah)
Þ Prefer charity then debt(loan):
There is a Hadith narrated by Abu Musa Ashari: “After the major sins which must be avoided, the greatest sin is that someone dies in a state of debt and leaves behind no asset to pay it off”. (Darimi)
It is enough for Muslims to understand whatever mentioned above. There is no elaboration further here but if you want more knowledge about charity, debt, loan and usury the go to Live Quran reading. This will work Insha’Allah.