Document Type : Research Paper

Authors

• Mohammad Reza Simiari ¹
• Ali Rezaeian ²
• Hosein Hasanzadeh Sarvestani ³

¹ PhD Student in Financial Management, Shahid Beheshti University, Tehran, Iran

² Professor of Organizational Behavior Management, Shahid Beheshti University, Tehran, Iran

³ Assistant Professor of Financial Management, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran

Abstract

Personal finance Management is one of the components of self-management and of finance levels in which the concepts and processes of managing personal finances such as earnings, asset purchases, financial planning, and investment are reviewed. In general, personal finance can be divided into two parts: earnings and allocation of funds. Meanwhile, teachings of Islam as a comprehensive religion are full of attitudes and orders related to personal finance. The issue of this research is the extrapolation of the principles from pure Islam that contribute to the allocation of personal finance; These principles shape Muslims' attitudes toward personal financial management and the allocation of property and guide and support the style of personal financial management. To elaborate these principles, the statements of the Supreme Leader Ayatollah Khamenei as an Islamologist (mujtahid) and well-informed person about the exigencies of the time have been considered. The extrapolated principles include three categories: fundamental, superstructural, and expedient. Fundamental principles focus on the attitudes and superstructural principles on the operational bases of personal property allocation. The expedient principles help adaptation to different conditions and make the offered framework flexible and dynamic.

Keywords

• Self-Management
• Islamic Finance
• Personal Finance
• Statement by Supreme Leader Ayatollah Khamenei

20.1001.1.23830891.1399.14.1.6.4

Main Subjects

• Financial Management