Islamic management practices in financial institutions: case studies from Islamic economics, banking and finance

The book entitled, 'Islamic Management Practices in Islamic Financial Institutions' draws on a range of theoretical foundations, approaches, and management practices that are culturally and jurisdictionally appropriate in several Muslim countries. As such, it contributes to an emerging spe...

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Bibliographic Details
Main Author: Khaliq, Ahmad
Format: Book
Language:English
Published: Routledge-Taylor & Francis Group 2022
Subjects:
Online Access:http://irep.iium.edu.my/101885/7/101885_%20Islamic%20Management%20Practices.pdf
http://irep.iium.edu.my/101885/
http://www.routledge.com/ Islamic-Business-and-Finance-Series/book-series/ISLAMICFINANCE
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Summary:The book entitled, 'Islamic Management Practices in Islamic Financial Institutions' draws on a range of theoretical foundations, approaches, and management practices that are culturally and jurisdictionally appropriate in several Muslim countries. As such, it contributes to an emerging specialism in comparative management and leadership theory that is oriented toward a broader and more diverse set of perspectives, particularly from the non-Western world, given that the importance of values, ethics, and culture have recently been recognized as a key contributing factor to management knowledge development. The author offers an in-depth overview of the Islamic management strategies that have successfully been implemented in selected Malaysian banking and non-banking financial institutions and then outlines how the application of such strategies leads to increased integrity, efficiency, and performance. The book is divided into three parts. The first part deals with the introduction, historical background, and methods used in collection of data. The second part consists of a range of real-world case studies, while part three deals with the approaches to be used in the teaching of these cases followed by conclusions and recommendations. These case studies map the strategic aspects of organizational structure and illustrate the motives that influence Malaysian managers’ choices in seeking specific responses to the situations at hand, which are in harmony with the traditions in Islamic inquiry. As such, management scholars can build a foundation for conceptual and theoretical propositions relevant to Muslim culture and environment that will have practical significance. The book provides a wealth of information and enables academicians and management researchers to identify not only the determinants of knowledge structure and its context but also the evolution of practice.