BALANCING FAITH AND FINANCES: ATTITUDES AND PRACTICES IN ISLAMIC FINANCIAL MANAGEMENT


Siti Salwa Md Sawari, Siti Yuliandi Ahmad, Lukman Md Sawari
1,2, International Islamic University Malaysia,Johor and 84600, Malaysia, 3,Sekolah Menengah Agama Shamsuddiniah, Kampung Parit Medan, Johor and 84700, Malaysia
Abstract
This study explores attitudes and practices in Islamic financial management among adolescents, examining the intersection of faith-based principles with contemporary financial behaviors. Grounded in Qur'anic teachings and the Sunnah, Islamic financial management emphasizes ethical conduct, moderation, and social responsibility. The research surveyed 40 adolescents using a structured questionnaire to assess their attitudes towards and practices in Islamic financial management. Participants rated their agreement with statements on a Likert scale, revealing strong positive attitudes towards integrating Islamic values into financial decisions. Results indicated high confidence among participants in managing finances to please Allah SWT, with significant correlations found between these attitudes and actual financial practices such as prioritizing charity, seeking lawful income, and maintaining ethical standards. The study highlights the influential role of religious beliefs in shaping financial behaviors, advocating for educational initiatives and community support systems to promote ethical financial practices within Islamic communities. By bridging traditional teachings with modern financial realities, the research contributes to understanding how Islamic principles guide financial decision-making among adolescents, fostering sustainable economic practices and community welfare. Future research could expand on these findings to explore longitudinal impacts and the effectiveness of interventions aimed at sustaining ethical financial behaviors grounded in Islamic ethics
Keywords: Islamic financial management, adolescents, attitudes, practices, ethical finance, religious principle.
Journal Name :
International Journal of Asian Economic Light (JAEL)

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Published on : 2024-07-09

Vol : 12
Issue : 5
Month : July
Year : 2024
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