What is the term for wasteful or extravagant spending, discouraged within Islamic teachings on financial conduct?

Explanation

– Israf refers to wasteful or extravagant spending, a practice discouraged within Islamic teachings, which instead promote moderation and balance in financial conduct.
– The Quran cautions against this behavior in Surah Al-Isra, verse 27, describing wasteful spenders as being akin to companions of Satan.
– For exams, remember that Bukhl refers to the opposite extreme of miserliness, with Islamic teachings generally encouraging a balanced middle path between the two.