ISLAMIC MODEL OF MANAGEMENT: ESSENCE, SOURCES, AND GENERAL PRINCIPLES

Keywords: Islamic model of management, Islam, religious management, principles of management

Abstract

The article is about a studing of the principles and basic characteristics of the Islamic management model. The goal of the research is analyzing of the interpretation of the term "Islamic management" in various discourses; the principles of Islamic management are highlighted; its sources and main characteristics are described. The work is an interdisciplinary study made at the intersection of management, cultural studies, philosophy, economics, finance, Islamic fiqh, ethics, etc. It was found that the Islamic management model is based on specific ideas about management, power, leadership, leadership styles, the essence of planning, organization, motivation and control, the meaning of entrepreneurial activity, etc. The phenomenon of Islamic management should be studied according to its essence. As a result, the principles of Islamic management can be defined as follows: 1. Management must comply with the norms recorded in the Quran and Sunnah, take into account the developments of fiqh, comply with the principles of aqeedah, which requires an appropriate level of education from the participants. 2. A person's business activity is a marker of his relationship with God, and should be determined by his relationship with God. In other words, one of the most popular slogans of the business "the client is always right" will sound like "God is always right", and the degree of correctness of the actions of both the employee and the client will be determined according to their compliance with the norms of the Quran and Sunnah. 3. Work is an activity that allows a person to fully express himself, so its organization should be guided by ethical principles. 4. The team is a value for which a person can sacrifice his own interests. 5. The activities of the organization must be ecological and bring welfare to the society.

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Nur, I., Asiyah, B., Puspitarini, R., & Umam, S. (2019). Probing Islamic Values of Business Principles and Ethics. International Journal of Scientific Research and Management, 7(10), 1412–1423. Available at: https://www.researchgate.net/publication/336897656_Probing_Islamic_Values_of_Business_Principles_and_Ethics.

Hanafi, A. G. & Ahmad, H. H. (2021). The effects of islamic business ethics on family business in Malaysia. International Journal of Management Sciences, Information Technology and Accounting, 1. Available at: https://www.researchgate.net/publication/358741680_THE_EFFECTS_OF_ISLAMIC_BUSINESS_ETHICS_ON_FAMILY_BUSINESS_IN_MALAYSIA

Wijaya, I. F., Moro, A. & Belghitar, Y. (2020). Trust in Islamic Business‐to‐Business Relationships: Evidence from Indonesia. SSRN Electronic Journal, July. Available at: https://www.researchgate.net/publication/343240054_Trust_in_Islamic_Business-to-Business_Relationships_Evidence_from_Indonesia

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Tieman, M. (2020) Halal Business Management: A guide to achieving halal excellence. Taylor & Francis Group.

The Future of the Global Muslim Population (2011). Available at: https://www.pewresearch.org/religion/2011/01/27/the-future-of-the-global-muslim-population/

Hasselbach, Ch. (2020) German authorities divided on niqab, burqa ban. Available at: https://www.dw.com/en/german-authorities-politicians-divided-on-niqab-burqa-ban/a-52297543

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Published
2022-12-27
How to Cite
Yariko, M., Anishchenko, A., & Rostovtsev, S. (2022). ISLAMIC MODEL OF MANAGEMENT: ESSENCE, SOURCES, AND GENERAL PRINCIPLES. Economy and Society, (46). https://doi.org/10.32782/2524-0072/2022-46-44