The Operational Framework for Personal Finance Management Based on the Supreme Leader Ayatollah Khamenei’s Statement

Document Type : Science - Research (Islamic Financial Theory)

Authors
Ali Rezaeian 1
Mohamad Reza Simiari 2
Hosein Hasanzadeh Sarvestani 3
1 Professor at Organizational Behavior Management, Shahid Beheshti University, Tehran, Iran.
2 PhD Student in Financial Management, Shahid Beheshti University, Tehran, Iran.
3 Assistant Professor at Financial Management, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran.
10.30497/ifr.2019.2417
Abstract
In personal financial management, individuals seek to manage their financial resources and achieve goals and financial satisfaction. In general, you can divide personal finance into two parts: income (equipment) and allocation of funds. Islam, as a comprehensive religion, has operational teachings in the area of personal finance allocation. The purpose of this research is to find operational principles for the allocation of personal finances, based on the statements of the Supreme Leader as an Islamist and a jurisprudent aware of the circumstances of the time. This operational framework offers general guidelines for personal financial planning. To derive these principles, we have referred to Ayatollah Khamenei’s statements using theme analysis method. The principles include two categories, positive and prohibitive that are outlined in this article.
Keywords
Personal Finance
Islamic Finance
Statement by Supreme Leader Ayatollah Khamenei JEL Classification: A13
D14
Z12
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Volume 9, Issue 1 - Serial Number 17
November 2019
Pages 69-110

  • Receive Date 09 August 2018
  • Revise Date 21 April 2019
  • Accept Date 30 June 2019