Understand what is exempt from giving away money as charity and be generous with your wealth when it comes to helping those in need.

This hadith is about the exemptions from charity. It was narrated by Abu Hurairah that the Prophet said that a person does not have to pay charity on their horse or their slave. This means that if someone owns a horse or a slave, they do not need to give any of their wealth away as charity for them. The Prophet wanted people to understand that there are certain things which are exempt from giving away money as charity and this includes horses and slaves. This hadith teaches us the importance of understanding what is exempt from giving away money as charity and also encourages us to be generous with our wealth when it comes to helping those in need.