I think this will come in handy for any one trying to find out more on Word of Faith movement. I just met some one who is attending a church where the pastor teaches and believes in the movement. This excerpt and the bible verses can be a good primer:
Word of Faith teaching is decidedly unbiblical. It is not a denomination and does not have a formal organization or hierarchy. Instead, it is a movement that is heavily influenced by a number of high-profile pastors and teachers such as Kenneth Hagin, Benny Hinn, Kenneth Copeland, Paul and Jan Crouch, and Fred Price.
The Word of Faith movement grew out of the Pentecostal movement in the late 20th century. Its founder was E. W. Kenyon, who studied the metaphysical New Thought teachings of Phineas Quimby. Mind science (where “name it and claim it” originated) was combined with Pentecostalism, resulting in a peculiar mix of orthodox Christianity and mysticism. Kenneth Hagin, in turn, studied under E. W. Kenyon and made the Word of Faith movement what it is today. Although individual teachings range from completely heretical to completely ridiculous, what follows is the basic theology most Word of Faith teachers align themselves with.
At the heart of the Word of Faith movement is the belief in the “force of faith.” It is believed words can be used to manipulate the faith-force, and thus actually create what they believe Scripture promises (health and wealth). Laws supposedly governing the faith-force are said to operate independently of God’s sovereign will and that God Himself is subject to these laws. This is nothing short of idolatry, turning our faith—and by extension ourselves—into god. …Read More!