*Chapter 10 - Management From The Islamic Perspective

Principle of Islamic Management

Uphold and internalize the Islamic ethical values

Employees must be paid fairly and equally

Time to be well invested, not to be wasted

The Islamic Approach to Management

is an emerging discipline, often referred to as Islamic management, looks at the management of organizations from the perspective of the knowledge from the revealed sources and other Islamic sources of knowledge and results in applications compatible with the Islamic beliefs and practices.

Nature of Organizational objectives

Islamic management

Conventional management

are both economic and non-economic and are subservient to larger purpose of human existence

are both economic and non-economic in nature and are subservient to organizational interest

Organizational responsibility and accountability

Conventional

Islamic

Leadership / Motivation

the process of moving people in a planned direction by motivating them

Characters of Islamic Leader

adheres to the Syariah

delegates trust

global perceives goals not individual

allegiance to faithful

leaders follow these principles

Qualification

Reward

Syura

Locus of Control

human being has choice, free will and freedom of action therefore is responsible and accountable for all actions

Responsibility and accountability vested in the chief executive who dele-gates it. Employees controlled through organizational systems to ensure responsibility and accountability.

Organizational Control

Islamic

Conventional

Islamic

Conventional

internal - each person is responsible and accountable for his actions

external and lies in the real of the organization

to operate in a way designed to make human being subservient to the will of Allah

to operate in a way designed to align human objectives with the organizational objectives