Islamic Family Budgeting

Elsha Sophia, Muhamad Nafik Hadi Ryandono

2018

Abstract

One of the wife’s roles is as a financial manager in the household. A wife is required to be able to organize financial income and expenditure of families in a balanced way and the whole family's needs can be fulfilled properly. Using the research library, this paper aims to become a reference for how to manage a household budget in accordance with Islam. The focus of the Islamic family budget is to prioritize the fulfillment of the needs of dharuriyyat, tahsiniyyat and hajiyyat for the preservation of the five elements of maqashid shariah i.e. religion, life, mind, lineage and wealth, and to manage the spending and consumption according to Islamic principles i.e. halal and thayyib, not being wasteful and extravaganct, and balancing between world consumption and afterlife. By practicing Islamic religious teachings it can motivate the wife as a home financial manager to manage household finances carefully, thriftily and prudently to create family welfare in accordance with Islam.

Paper Citation

in Harvard Style

Sophia E. and Ryandono M. (2018). Islamic Family Budgeting.In Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS, ISBN 978-989-758-348-3, pages 81-84. DOI: 10.5220/0007537800810084

in Bibtex Style

@conference{icps18,
author={Elsha Sophia and Muhamad Nafik Hadi Ryandono},
title={Islamic Family Budgeting},
booktitle={Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS,},
year={2018},
pages={81-84},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007537800810084},
isbn={978-989-758-348-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS,
TI - Islamic Family Budgeting
SN - 978-989-758-348-3
AU - Sophia E.
AU - Ryandono M.
PY - 2018
SP - 81
EP - 84
DO - 10.5220/0007537800810084