The Conventional Model of Financial Literacy Education, a Critical Analysis From the Islamic Economics Perspective

In this time, the United States has designed a model for financial literacy and tries to promote it by its large extent of advertisement throughout the world for the sake of Americanization of the world. According to this fact that using of experiments of the Western model is useful to design an Islamic model for financial education, in this article our goal is the critical analysis of this model by the Islamic approach. For the sake of research on this issue, we do research on different religious contents, , the articles that are related to Islamic economics and also supreme documents of administration of the Islamic Republic of Iran, and according to the selective principles from the religious contents , we accomplish the thematic criticism of the conventional model of financial literacy and we try to distinguish between the most important similarities and different aspects and also its defects in comparison to the religious principles. The most important findings of this article are that the conventional model for personal finance education is an individual model and it has less attention to collective identities of human life, but in the Islamic courses, the collective identities are more attended besides the individual identities of human life.