Islamic Management and its Present Applications in Islamic Organizations in Bangladesh

As Islamic Economics and Islamic Banking concepts are established practically, now it is our obligation to establish Islamic Management as a distinct concept. In this article an attempt has been taken to define Islamic Management, to identify its special features and principles, and to prove the distinctness of its entity. But it is a fact that traditional authors ignore the great contributions of Islam towards management. But it is Islam, where managerial appeals were coming from the very beginning of civilization the messengers of Allah (SWT) and it culminated in the last prophet Muhammad (SAW). Due to lack of research and deviation from Islam the golden history of the Muslims is dominated day by day by secular and materialistic managerial concepts. Unfortunately many conventional managerial concepts remain unsuitable to the organizations of Muslim society. Consequently Islamic Organizations, from family to national level, cannot show productive role in comparison to conventional organizations. In these circumstances, it has been proposed in the present study to practice management based on Islamic values, adopting the exemplary leadership role, human resource management and development strategy proposed by Islam and application of motivational techniques according to divine teachings. Lastly the constraints and possible remedial measures of Islamic Management have been pointed out.