Have you seen he who has taken as his god his [own] desire, and Allah has sent him astray due to knowledge and has set a seal upon his hearing and his heart and put over his vision a veil? So who will guide him after Allah ? Then will you not be reminded?
Prophet (Peace Be Upon Him) said,
“Ahead of the Hour, people will greet with salutation only those whom they know, and there will be widespread trade, to the extent that a woman will help her husband in trading. [There will be] severing of ties of kinship, false testimony, concealment of true testimony, and widespread literacy.”
‘Amr ibn Taghlib narrated that the Messenger of Allah (Peace Be Upon Him) said,
“Among the signs of the Hour is that wealth and trade will become abundant, ignorance will prevail. A man will try to conduct a transaction but will say, ‘No, not until I obtain permission from the merchant of such-and-such tribe, and you will look among a great tribe for someone who can write and “not find anyone.”
Following is a short video explaining the event from a Muslim point of view.
“Abu Hurayrah narrated that while the Prophet (Peace Be Upon Him) was in a gathering, speaking to the people, a Bedouin came and asked, “When will the Hour be?” The Messenger of Allah (Peace Be Upon Him) continued speaking.
Some of the people thought, he has heard what the Bedouin said and disliked it; others thought that he had not heard the Bedouin.
Then when he had finished speaking, he said, “Where is the one who was asking about the Hour?”
He said, “Here I am, Messenger of Allah.”
The Prophet said, “When honesty is lost, then wait for the Hour.”
He asked, “How will it be lost?”
The Prophet said, “When authority is given to those who are not qualified for it, then wait for the Hour.”
Bear in mind that the present life is just a game, a diversion, an attraction, a cause of boasting among you, of rivalry in wealth and children. It is like plants that spring up after the rain: their growth at first delights the sowers, but then you see them wither away, turn yellow, and become stubble. There is terrible punishment in the next life as well as forgiveness and approval from God; the life of this world is only an illusory pleasure. So race for your Lord’s forgiveness and a Garden as wide as the heavens and earth, prepared for those who believe in God and His messengers: that is God’s bounty, which He bestows on whoever He pleases. God’s bounty is infinite. No misfortune can happen, either in the earth or in yourselves, that was not set down in writing before We brought it into being – that is easy for God – so you need not grieve for what you miss or gloat over what you gain. God does not love the conceited, the boastful, those who are miserly, and who tell other people to be miserly. If anyone turns away, remember that God is Self-Sufficient and worthy of praise. We sent Our messengers with clear signs, the Scripture and the Balance, so that people could uphold justice: We also sent iron, with its mighty strength and many uses for humankind, so that God could mark out those who would help Him and His messengers though they cannot see Him. Truly God is Powerful, Almighty.
[Chapter 57, Verses 20-25]