Well, it is really nice to have a shorter work day, etc because it allows one more time to focus on spiritual matters and thus gain much from the month. But then again, there's always those who will use the time to slack off too. Although I am self-employed I also work shorter hours in Ramadan but spend more time in prayer and reading, etc.

I don't know many people who stay up all night and sleep all day. There is no point to that. I'm sure some do though. I would say most don't.

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