Islamic Management and Its Present Applications in Bangladesh

Abstract

Management plays an important role in the socio-economic development of a country. The concept of management has been developed in western economy in recent years. But Prophet Muhammad (SM) developed a pragmatic system of management (Islamic Management) in the seventh century in his Medanian first Islamic state and very successfully managed an ignorant society in a very systematic manner. His successors like Abu Bakr (RA), Umar (RA), Utman (RA) and Ali (RA) proved themselves as successful leaders, managers and politicians following the principles, rules, procedures, policies followed by Muhammad (SM). In this study an attempt is made to prove that the system of management of Islam or Islamic management is not inferior rather superior to the present system of management or traditional management. The research reported in this dissertation also presents an effort to find out the superiority of Shuratic management over the present system of participative.