The literal meaning of Faqr is poverty and destitution. However, the real meaning of Faqr is completely different from what the general perception is. Prophet Mohammad (pbuh) put a lot of emphasis on striving to attain Faqr. He said: ‘Faqr is my pride and Faqr is from me and Faqr is the reason of my superiority over all the Prophets and Messengers.’ It is Faqr that differentiated Prophet Mohammad (pbuh) from all other Prophets and Messengers. It is what grants extreme closeness and gnosis of Divine Essence.
On another occasion, the holy Prophet (pbuh) said: ‘When Faqr accomplished that is Allah’. This means that when a Momin (believer) travels the path of Faqr under the spiritual guidance and company of a Perfect Spiritual Guide and reaches its peak, his or her own being annihilates in Divine Essence and there remains nothing in his or her being other than Allah. What that means is whatever he says or does is with the command and will of Allah. He ever remains engrossed in Divine vision and in Mohammadan Assembly.
This honour is only for the Mohammadan umma through the benevolence of Prophet Mohammad (pbuh).