In recent years, there has been an increased scientific interest in the area of emotional intelligence, specifically emotion regulation, as well as the field of positive psychology. Because of the vital role emotion regulation plays in enhancing individuals’ overall well-being, I suggest that it is crucial to connect the two disciplines. This paper conducts a literature review, introduces an overview of positive psychology, the science of well-being, and summarizes existing emotional intelligence and emotion regulation models. It then finds how theories and applications in positive psychology interrelate with research in emotion regulation—suggesting strategies on how to best respond to external and internal stimuli in a manner that maintains one’s overall well-being. I conclude this paper by comparing psychological findings around emotion regulation to parallel religious principles in Islam.