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Abu Dawud Book 3, Hadith Number 1694.
Chapter : Not known.
Narated By Abdullah ibn Amr ibn al-‘As : The Apostle of Allah (PBUH) preached and said: Abstain from avarice, for those who had been before you were annihilated due to avarice. It (avarice) commanded them to show niggardliness; it commanded them to cut off their relationship with their nearest relatives, so they cut off. It commanded them to show profligacy, so they showed it.