Responding to this issue in brief, Sheikh Muhammad Iqbal Nadvi said:

Abortion is only allowed in case of protecting a mother’s life or terminating a confirmed serious health problem for an embryo. It is not allowed in case of fear for poverty, for Allah says in the Qur’an: “And do not kill your children for fear of poverty. We provide sustenance for them as well as for you. Verily their killing is ever a great sin.” (Al-Israa: 31).