Economics and Business

Islamization of Knowledge With Special References To The Courses of The Faculty Of Business Administration

Dr. Md Golam Mohiuddin
Associate Professor Dept of Management Islamic University, Kushtia Bangladesh

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Bismillahhir Rahmanir Rahim

Introduction:
There is no branch of knowledge in the world, which is separted from the main stream of revealed knowledge. Not a single research can be found which deny its association with divine knowledge and this divine knowledge came to a complete shape through Muhammad (SAW).

So to Islamize any branch of knowledge the Muslims, best nation declared by Allah, have take the initiative. This Islamization of knowledge is the demand of time and this will help develop our students to meet the challenges of time. 

Meaning of Islamization of Knowledge:
To rid the general aspects of knowledge, which are associated with our practical life from, touch of disbelief, doubtfulness and pessimism and restructure them through analysis and explanation in the light of the sayings of Allah (SWT) and Hazrat Muhammad (SAW) is Islamization of Knowledge. 

Islamic Epistemological Critique of Basic Concepts and Paradigms:
Allah is the only one source of knowledge. Man cannot know any small part of His knowledge but whatever He wants. The last Devine book, Al-Quran and the earlier books that He sent are full of different types of knowledge whatever is needed for man. A lot of glorious histories of the Muslim are present. Considering knowledge, now they are very poor. They don’t have any literature of the managerial systems of early successful leaders and businessmen who were Muslim in practice. However, the literatures we have and the basic sources of knowledge, al-Quran and the Sunnah, are not being studied properly by us and not practiced the lessons as well.
To build up the awareness among the practitioners and to spread the knowledge of Islam regarding any discipline and arena, we will have to try our best from every sector where we are.

Islamic University and Islamization of Knowledge:
Dual education system is the main problem of the Muslim Ummah. This education system can be attributed to the materialistic rule of the west and its civilization. And this education system is the root cause of the downfall of the Muslims. The branches of knowledge like modern science, philosophy, history, literature, Business Administration etc have influenced by disbelief, skepticism and pessimism instead of faith in Allah, Tawhid and accountability in the afterworld. On the otherhand, the research of the Islamic scholars with defeated and constrictive attitude could not cope with the real condition and create sound environment to influence the society. To this end, Islamization of knowledge is a must and is the right place to do so. Islamic University will support the following activities: 

*To nursing originality of Islamic science and knowledge. 
*Buildup ideal Muslim Citizen.
*Solving the contemporary problems of the Muslim Ummah.
*To give institutional shape to Islam. 

Faculty  of Business Administration and Islamization of Knowledge:
There is ample scope to analyze and explain the courses of Faculty of Business Administration from the Islamic perspective. In 1500 years ago Arab Peninsula was famous for business. Mekkah was the central place of business activities. So prophet Muhammad (saw) was born in a business environment and the holy Quran was reveled in a business society. We know Hazrat Muhammad (SAW) showed his efficiency as a businessman by administering the large business of his first wife khadiza (RA.).Prophet's well-reputed disciples were involved in Business. 

As a result, we find in the Holy Qu'ran and the Hadith various directions regarding trade and business administering. Besides this, in the beginning many Muslims involved themselves in business in various countries to spread Islam. The distinct characteristics of their business could draw the attention of common people. Thus from the time of prophet (SAW) and later through his disciples and later through business activities of Muslims in different times the attitude of Islam to business have been manifested to us. Follow these example we can take initiative to restructure the courses under Faculty of Business Administration through analysis and explanation in the light of the Holy Quran and Hadith. 

The name of Islamic University can be justified by Islamization of FBA:
Islamic University has five faculties. We cannot say this as an Islamic University since the Shariah faculty offers Islamic courses. Dhaka University, Chittagong University and other secular universities and colleges also offer this sort of Islamic courses. But that does not make them Islamic institutions. Besides this, under the modern science faculty of Islamic University there are several departments, which are difficult to Islamize in the true sense. Computer is completely materialistic and dependent upon technology and there has been no constructive research of Islam on it. Then a question naturally arises –on which ground we can claim Islamic University as an Islamic institution. So we can say that the name of Islamic University can be justified by restructure the courses of Business Faculty form Islamic perspective. Because other universities and colleges the courses of Business Administration are not being offered from Islamic perspective and only Islamic University taken this initiative to achieve the objective of this university. Only the faculty of Shariah cannot make Islamic University as an Islamic institution. The name of Islamic University can be justified as an Islamic institution by offering possible courses of Business Faculty from Islamic perspective. 

Business Administration and Prophet (SAW):
An incident is described below regarding the prophet (SAW) involvement in business for the information of those related with Business Administration. Before the prophetship his uncle Abu Taleb once said "Dear nephew; would you like a job to meet your daily needs? " The young Mohammad (SAW) accepted this proposal and his uncle took him to the then rich businesswoman khadizatul kubra (RA).

In response to the seeking of job mother khadizatul kubra (R.A.) told Abu Talb, " You are from a noble family, are your nephew literate?" Abu Taleb said, " He cannot read". "Would he like the job of a shepherd?" The uncle said, " Let me ask him". Mother khadizatul kubra said, " You have kept your nephew waiting outside, please bring him in and let me look  " Once she described, " when I saw my husband for the first time in life, I found him standing under the sky and a patch of cloud was shedding him”. As a candidate Mohammad (SAW) did not face any problem regarding Job with honor in the business of wise and rich khadizatul kubra (R.A.). Very soon he became the manager of the business of mother khadizatul kubra due to his honesty, efficiency, personality, unique character and intelligence. We find him here as a Business Administrator. Then he left for business in different countries. He earned from in business and appeared as a successful business. If Mohammed (SAW) did not have the knowledge of business administration how could he perform his duty as a successful manager? Later in the history we find evidence that his success in the business helped him a lot to establish a base of reformation in society through prophetic mission. So, to render labor and knowledge in Business Administration is the Sunnah of prophet (SAW) and a great prayer. Prophet Muhammad (SAW) said-A truthful businessman will be in the day of judgement with prophet, martyrs and good doers. Let us enlighten the Faculty of Business Administration with the teachings of Mohammad (SAW) through our mutual efforts and achieve the welfare of this world and hereafter. 

The prospective proposals to Islamize the courses in the Faculty of Business Administration: 
a)    To make Islamic concept obligatory 
    To moderate question papers from Islamic point of view.
    To keep 20% question form Islamic perspective. 
    To prepare course contents by Islamic experts.  
    To make faculty members accountable to Islamic experts.  
b)    To formulate Islamization of knowledge committee for each course. 
c)    To train faculty members and help them with resource materials. 
d)    To arrange special orientation programme for Islamize students. 
e)    To provide special incentive bonus to those who are concerned with Islamization of knowledge. 
f)    To make a panel of experts of Islamization of knowledge.
     
A Brief Proposal for Islamization of the  Courses of Management Department at Islamic University Kushtia: 
There is an ample opportunity to Islamize management courses. According to the Holy Quran, Holy prophet (SAW) and companions (RA) faced a lot of problems in managing the Islamic state and they solved these problems by introducing divine principles and guidance given by Allah (SWT). Prophet Muhammad’s (SAW) contributions and the contributions of four caliphs were great to the development of management. Management is applied in attaining the objectives of family life, society, national, international organizations. 

A) Existing courses structures of Management Department:
Existing courses curriculum of Management department are not unislamic, but I want to say about Islamic value based courses and concepts which is the main mission of this university according to it Statutes, Acts and other legal documents. There are so many Islamic Universities in Bangladesh. They have introduced different Islamic value based department and courses in their Business Faculties. For example in University Islamic Science Malaysia they have introduced a department entitled Deptt of Dawah and Islamic Management. Besides these different pure applied Islamic courses they have introduced in different name at BBA and MBA levels. In Islamic University Kushtia there are near about forty courses have been taught in Management Department of Business Faculty. Among them the following two courses are thoroughly Islamic
a. Islamic Economics and Islamic Business Management
b. Islamic Studies.

The other partial portions in different courses are as follows:
c. Human Resource Management in Islam (Human Resource Management)
d. Islamic Insurance (Insurance and Risk Management)
e. Leadership in Islam (Management Process)
f. Commercial Law in Islam(Legal Environment in Business).
g. International Human Resource Management (International Management).
h. Total Quality Management :An Islamic Perspective(Total Quality Management)
i) Business Ethics in Islam (Business Ethics).
h) Islami Banking (Management of the Banks and Financial Institutions)

B).Proposed Courses Concepts for the Management Department:
The following major and general issues may be considered as individual course, major portion of courses and some times as contents of the courses:

(1). LEADERSHIP & MOTIVATION:ISLAMIC PERSPECTIVE

1. Islamic Leaderships in 21st Century.
2. Contemporary Muslim Leadership Crisis and Prophecies of Muhammad (saw).
3. Prophet Muhammad (SAW) As A Term Leader.
4. Muhammad (SAW) As A Transformational Leader.
5. Ethical Leadership: A Comparative Analysis of Conventional and Islamic Thought.
6. Woman Leadership: Islamic Views.

(2). IMMORAL ISSUES OF MANAGEMENT :ISLAMISOLUTIONS:

1. Human Related Corruption.
2. Administration Corruption.
3. Business Related Corruption.
4. Women and Family Related Corruption.
5. Financial Corruption.
6. Corruption in Atomic Power.

(3). ORGANIZATIONAL DEVELOPMENT: ISLAMIC VIEWPOINTS


1. Structuring an Effective Organization in Islam.
2. Organizational Development Issues in 21st Century: An Islamic Guides.
3. Organizational Development by Islamic Motivational Tools.
4. Managerial Problems of Muslim NGOs.
5. Management by Shura for Organizational Development.
6. Islamic Leadership Roles  for Organizational Development: An Islamic Perspectives

(4). COPORATE SOCIAL RESPONSIBILITY(CSR):ISLAMIC APPROACH


1. Social Service Management in Islam.
2. Social Responsibility Motive: Western and Islamic Views.
3. Social Services Performed by Early Muslims.
4. Environnemental Management in Islam.

(5).Operation Management: Islamic Perspective

  1. Operations Strategy
    2. Process Management
    3. Capacity Planning
    4. Inventory Management
    5. Just-in-time
    6. Supply-chain Management.

    (6).Financial Management :An Islamic Perspective
    1. Project Financing : Islamic Perspective
    2. Project Risk Management :Islamic Perspective
    3. Capital Budgeting Practices Under Islamic Perspective
    4. Working Capital Financing :An Islamic Perspective
    5. Hybride and Dérivative Financing :An Islamic Perspective.

    (7).Marketing Management : AnIslamicPerspective
    1. Promotional Management :Islamic Perspective
    2. Customer Relationship Management and Islam
    3. Demand Management :Islamic Perspective
    4. Pricing Approaches and Confideration in Islamic View Points.
    5. Product Innovation and Its Islamic Perspective.

    Other Major Issues are as Follows:

    8). Islamic Bank Management,
    9). Business Ethics and Islam,
    10) Contributions of Islam in Management;
    11). Enlightened Marketing and Islam,
    12).Human Resource Management and Development: An Islamic Perspective,
    13).Accounting And Auditing: An Islamic Perspective,
    14). Zakat And Tax Management: An Islamic Perspective,
    15). Industrial Relations: An Islamic Perspective,
    16). Islamic Approach In Micro Finance,
    17).Managerial Economics: An Islamic Perspective,
    18).International Business Management In Islam,
    20). Entrepreneurship In Islam,
    21). Strategic Management: An Islamic Perspective,
    22).Conflict Management: An Islamic Perspective,
    23) Property Management: An Islamic Management.

    OTHER  GENERAL ISSUES:

    •    Management Functions in Islam;
    •    Islamic Management for Excellence;
    •    Human Resource Management for excellence-Islamic Perspective;
    •    Islamic Management for Banks.
    •    Employer-Employee Management or Relationship in Islam;
    •    Decision Making Process in Islam;
    •    Time Management for productivity: Islamic Perspective;
    •    Management Values in Islam;
    •    Islamic Management and Culture;
    •    Enlightened Marketing Concept in Islam;
    •    Total Quality Management (TQM) in Islam;
    •    Ethics in Management;
    or Management Ethics in Islam ;
    or Corporate Governance-A Complete Guideline in Islam;

    •    Accountability and Transparency in Islam;
    •    Financial Management Guidelines in Islam;
    •    Marketing Management in Islam;
    •    Modernity in Advertising and Islamic Perspective;
    •    Management of Modes of Investments/ Financing in Islamic Banks;
    •    Strategic Management and Islamic Perspective.
    •    Production Management: An Islamic Perspective;
    •    Management Practices in Islamic Insurance Companies;
    or
    •    Takaful Management;
    •    Food Adulteration: Islamic Views;
    •    Islam in Self-Help System;
    •    Quality of Work Life;
    •    Management of Islami Banks;
    •    Macro-Economic Management-Islamic Perspective.


    A Brief Proposal for Islamization of the  Courses of Accounting and Information System  Department at Islamic University Kushtia: 
    In Accounting and Information System department there is no single Islamic course has been introduced. I don’t like to mean that their existing courses are unislamic. But if we investigate the other Islamic Universities of the world we find that so many pure applied Islamic courses they are teaching at BBA and MBA levels of accounting department. The following courses may be considered as the part and parcel of the curriculum of the mentioned department:

    1. Accounting and Auditing: An Islamic Perspective;
    2. Islamic Financial System;
    3. Islamic Banking;
    4. Tax and Zakat Accounting;
    5. Islamic Economics;
    6. Insurance and Takaful Management;
    7. Wages and Fiscal Accounting: An Islamic Perspective;
    8. E-Commerce: An Islamic Perspective.

    References     Which are Supporting to Islamization: 
    For the Islamization of knowledge the resource materials can be collected with the help of following institute and publication centers: 
    a)    American journal of Islamic social science 
    b)    IIIT: International Institute of Islamic thought. 
    c)    Publications of International Islamic University Malaysia (IIUM)
    d)    BIIT: Bangladesh Institute of Islamic thought. 
    e)    Thoughts of economics: Islamic economic Research Bureau. 
    f)    Islamic Foundation
    g)    Australian accounting society 
    h)    Different university studies etc. 

    The Impediments for Islamization of knowledge and Environment:
    a)    Lack of faculty members with Islamic orientation.
    b)    Indifferent attitude of the students. 
    c)    Lack of Islamic Environment.
    d)    The authority is not taking initiative to establish Islamization of knowledge as a culture of Islamic University.
    e)    Compromising attitude of the authority about " dress code" and "obligation for salat".
    f)    Non cooperative mentality of the faculty members .

    Conclusion : 
    The Muslim world is now putting impassion on Islamization of knowledge, to create awareness about the importance and objective of Islamic education. This was reflected in the second “world Muslim conference” at Mecca moazzama in 1977. They proposed, "Education should aim at the balanced growth of the total personality of man through the training of mains sprit, intellect, the national self, feelings and bodily senses. Education should, therefore, cater for the growth of man in all it aspects, spiritual, intellectual, imaginative, physical, scientific, linguistic, both individually and collectively and motivate all these aspects towards goodness and the attainment of perfection. The ultimate aim of Muslim education lies in the realization of complete submission on the level of individual, the community at large."

    The Muslim world will deign the prescribed syllabus keeping in mind the above objective and restructure, administer and utilize the knowledge in such a way so that, a learner will buildup himself to declare always " Oh Allah ! My prayer, my sacrifice, my life and death all are for you".(Surah Anam) 

    We have to restructure that knowledge of the western culture, which are related with our life and education and contradictory to our Islamic principles. The knowledge of each subject is to be rearranged from the Islamic perspective. We have to make the education system lively and establish it as the safeguard of the Muslim Ummah. 


    Attached herewith three references sheets on the materials on Islamic business issues which are available in our hand. Relevant authorities can Islamize their courses of Business  Faculty by the following :

    References Sheet-1
    List of Articles & Books: Business & Management Coerces
    1. Introduction to Business:

    Related list of Articles:
    Serial    Name of the Topic    Name of the Author    Remarks
    01    Can Business Apply Islamism    Md Abdul Hannan Mia, ACMA
    Md Abdul Mannan    
    02    Business Organization in Islam    Tazul Islam    
    03    Trade and Commerce in the Eye of  Islam(Bengali Version)    Dr Muhammed Habib Ullah    

    Related list of Books:
    Serial    Name of the Book    Name of the Author    Remarks
    01    Islam & Business    Nik Mohammad Affandi bin
    Niq Yousof    
    02    Business Ethics in Islam    Mustaq Ahmed    
    03    Ethics in Business & Management    Khalid Ahmad & Abul Hasan, M. Sadeq    
    04    Islamic Business Ethics    Rafiq Issa Beekun    
    05    Morality in Trade Under the Perspective in Islam    M. Shafiq Ahmed    
    06    Contemporary Business Towards the Development of Islamic Business Management    IIUM.    

    2. Investment Analysis:
    Related list of Articles:
    Serial    Name of the Topic    Name of the Author    Remarks
    01    Efficiency in Resource Allocation, Investment Decisions and Welfare Criteria under Capitalism, Socialism and Islamic Economic System: A Comparative Analysis.    Md Abdul Mannan Chowdhury’ Professor of Economics, C.U    

    3. Psychology:
    Related list of Articles:
    Serial    Name of the Topic    Name of the Author    Remarks
    01    Psychology and Religion: Their Relationship and Integration from an Islamic Perspective     Amber Haque, Asstt Professor, IIUM    
    02    Islamization of Psychology: From Adaptation to Sublimation    Louay M Safi, Associate Professor, IIUM    

    Related list of Books:
    Serial    Name of the Book    Name of the Author    Remarks
    01            

    4. Entrepreneurship:
    Related list of Articles:
    Serial    Name of the Topic    Name of the Author    Remarks
    01    Entrepreneurship Development and Islam    Prof A.H.M. Habibur Rahman,
    Former Dean, Faculty of Commerce, D.U    
    02    Entrepreneurship as a Factor for Economic Development: A Case Study on Islami Bank Bangladesh Ltd.    Md Omar Al Farooque, Asst Professor, Finance and Banking, D.U
    Mohammed Jamal Uddin, Lecturer, Acc, Islami University , Khustia    
    03    Entrepreneurship That Failed in Mughal India    Mehboob Ahmad, Lecturer, International Institute of Islamic Economics , Intl Islamic University , Islamabad, Pakistan    
    04     Achievement Motivation, Entrepreneurship, Growth and Economic Development in Islam    A.H.M. Sadeq, Asst Professor
    D.U    
    05    Towards an Islamic Model of Entrepreneurship
        A.F.M. Nuruddin Chowdury    

    Related list of Books:
    Serial    Name of the Book    Name of the Author    Remarks
    01    Islamic Management for Excellency    Syed Othaman Al Habshi, et.al    
    5.  Mathematics:
    Related list of Articles:
    Serial    Name of the Topic    Name of the Author    Remarks
    01    Mathematics    S.M. Sharfuddin and A.F.M Abdur Rahman    

    Related list of Books:
    Serial    Name of the Book    Name of the Author    Remarks
    01    Muslim’s Contributions in Mathematics    Preserved in Islamic Foundation Library & Ibn-Sina Trust Library.    


    6.  Accounting:
    Related list of Articles:
    Serial    Name of the Topic    Name of the Author    Remarks
    01     Islamic Accounting Standards    Shadia Rahman    
    02    The Basic Principles of Islamic Economy and Their Effects on Accounting Standards Setting    Mohammad R.Taheri, Associate Professor of Shahid Chamran University, Iran    
    03    Accounting Standards Needs for Islamic Banks: Some Thoughts    Muhammed Hossain, Asst Professor 
    Muhammad Aynul Islam, Assistant Professor    
    04     The Need for Fundamental Research in Islamic Accounting    Shahul Hameed Bin Hj. Mohammad Ibrahim    
    05    Accounting Needs of Islamic Banking     Abdul Wassay Haqiqi and Professor Felix Pomeranz    
    06     Accounting Postulates in the Islamic Viewpoints    Ellogoni Abdul Qader Ahmed    

    Related list of Books:
    Serial    Name of the Book    Name of the Author    Remarks
    01    Accounting Ethics, Principles: An Islamic Perspective    Zaherul Islam    
    02    Internet Search: Course contents on Accounting: An Islamic Perspective
        Available in a University of Arab Emirate    

    7. Industrial Relations:
    Related list of Articles:
    Serial    Name of the Topic    Name of the Author    Remarks
    01    An Islamic Framework for Employer- Employee Relationships    M Ramzan Akther, Asstt Professor of Intl Islamic University Islamabad, Pakistan    
    02    The Framework of Islamic Labor law    Md Ataur Rahman, Professor, Department of Management D.U    
    03    Scientific Management in Islam
      

Dr. Md. Golam Mohiuddin
Associate Professor, Dept. of Management, IU-Kushtia
Janal Yasin Sherif 
Assistant Professor, ELSC, IIUC    




Related list of Books:
Serial    Name of the Book    Name of the Author    Remarks
01    Industrialization: An Islamic Perspectives    Adit Al Gazali    
02    Workers Rights in Islam    Janal Masud Shahed    

8. Islamic Insurance
Related list of Articles:
Serial    Name of the Topic    Name of the Author    Remarks
01    Takaful –An Islamic Alternative to Insurance    Md Fadzli Yousuf    
02    General Insurance and Islamic Shariyah    Maulana Abdur Rahim, Janab Shah Abdul Hannan,Mr M Azizul Haque,Maulana Farid Uddin Masud,Mr Nur Muhammad Akond    
03    Conventional Insurance and Islamic Insurance-A Comparative Analysis    Begum Ismat Ara Haque    
04    The Arts of Insurance in Bangladesh : Islamic Perspective    Muhammad Shafiullah    

Related list of Books:
Serial    Name of the Book    Name of the Author    Remarks
01    Islamic Banking and Insurance
    Proceeding of Seminar, IBBL    
02            
03    Insurance in Islamic Economics    Muhammad Najatullah Siddiqi    

9. Tax and Zakat Accounting:
Related list of Articles:
Serial    Name of the Topic    Name of the Author    Remarks
01    Zakat: Unresolved Issues in the Contemporary Fiqh    Dr Monzur Kahf    
02    Islamic Criteria for the Distribution of Tax Burden     S.M Hasanuzzaman    
03    Financing Socio –Economic Development with Zakat Funds    Muhammad Anwar    
10.  Marketing
Related list of Articles:
Serial    Name of the Topic    Name of the Author    Remarks
01    Ethical Marketing: A Comparative Analysis of Traditional and Islamic Thoughts    Professor A.J.M Nuruddin Chy.
Ex VC
University of Chittagong    
02    Protection of Consumer Rights through Islamic Approach in Bangladesh: Issue and Challenges of 21st Century in a New Global Order    Prof Nurul Karim.
Deptt. of Management. CU.    
03    Market From Islamic Perspective and the contribution of Muslim Scholars        
04    Islam on Marketing    Prof.Syed Rashidul Hassan.DU.    
05     Some Issues Related to Islamic Common Market    Dr Md Habibullah.DU.    
06    Advertisement in the perspective of Islam and Modern world (Bengali Version)    Dr Muhammad Shafiqul Islam and Md Ruhul Amin    

Related list of Books & Thesis:
Serial    Name of the Book    Name of the Author    Remarks
01    Towards Islamic Common Market    IERB    
02    Thesis on: Islamic Marketing System     M. Wadud    

11.  Islamic Commercial Law:

Related list of Articles:
Serial    Name of the Topic    Name of the Author    Remarks
01    Islamic Commercial Law: An Analysis of Options    Md Hassim Kamali    

Related list of Books:
Serial    Name of the Book    Name of the Author    Remarks
01            

12.  Business Finance in Bangladesh:
Related list of Articles:
Serial    Name of the Topic    Name of the Author    Remarks
01    Problems and Prospects of Financing Rural Micro Enterprise Projects under Islamic Shariyah: Bangladesh Perspective    Md Abdul Hannan Mia, ACMA
Md Abdul Mannan    
02    Business Organization in Islam    Prof  Dr S.M Ather and Prof Dr Muhammad Loqman    
Related list of Books:
Serial    Name of the Book    Name of the Author    Remarks
01    Principles of Islamic Financing    Munzar Khaf & Tarikullah Khan    
02    Toward Islamic Financial Market    Arshad Ahmed    
03    Islamic Financial Institution    M. Fahim Khan    
13. Production Management
Related list of Articles:
Serial    Name of the Topic    Name of the Author    Remarks
01    Production Management: An Islamic Perspectives    Dr. Md. Golam Mohiuddin & Dr. Mr. Ruhul Amin    
02    Production & Operation    Prof. Dr.Musharaf Hussain    
03            

Related list of Books:
Serial    Name of the Book    Name of the Author    Remarks
01    Industrialization: An Islamic Perspective    Aidit Bin Haji    
02    Worker’s Rights in Islam    Jamal Masud    
            
14. Research Methodology:
Serial    Name of the Articles    Name of the Author    Remarks       
1.    Methodology of Research in Business Administration and Management-An Islamic Perspective    Prof Dr Muhammad Loqman    
2.    Research Methodology: Islamic Perspective    Dr. S. M Ali Akkas    
3    Methodology of Research in Economics: An Islamic Perspective    Abdul Awal Sarker    
4.    General Overview of Research Methodology: A Comparative Study of Western and Islamic Approach    Dr. Abul Hossain    
5.    Designing and Conducting Research: Humanistic,Ethical and Islamic Approach    Dr. S.M.Ali Akkas    
6.    Islamization of Knowledge: A Search for an Islamic Epistemology    M. Zohurul Islam.FCA    
15. Human Resource Management:

S.L    Name of Articles    Author
1.    Human Resource Management: An Islamic Perspective    Dr.Ruhul Amin & Dr Md Golam Mohiuddin
2.    Islamic Ethics in Human Resource Management    Abul Hasan M.Sadeq
3.    Firm Level Decisions and Human Resource Development in an Islamic Economy    Abdul Aziz

References Sheet-2(BIIT)
Articles
Ø    Chapra, M. Umer. "The Prohibition of Riba in Islam: An Evaluation of Some Objections." 1:2/23 AJISS
Ø    Arif, Muhammad, "Toward the Shari'ah Paradigm of Islamic Economics: The Beginning of a Scientific Revolution." 2:1/79 AJISS
Ø    Darrat, Ali F. "Are Checking Accounts in American Banks Permissible Under Islamic Law?" 2:1/101 AJISS
Ø    Raquibuz Zaman, M. "The Operation of the Modern Financial Markets for Stocks and Bonds and its Relevance to an Islamic Economy." 3:1/125 AJISS
Ø    Choudhury, Masudul Alam. "Micro-Economic Foundation of Islamic Economics: A Study in Social Economics." 3:2/231 AJISS
Ø    Tomkins, Cyril and Rifat Ahmed 'Abdel Karim. "The Shari'ah and Its Implications for Islamic Financial Analysis: An Opportunity to Study Interactions Among Society, Organizations, and Accounting." 4:1/101 AJISS
Ø    Anwar, Muhammad. "Islamic Justice in a Monetary System: A Modest Proposal." 4:1/135 AJISS
Ø    Mirakhor, Abbass. "Muslim Scholars and the History of Economics." 4:2/245 AJISS
Ø    Mahdi, Syed Iqbal. "Consumption Function in Islamic Economics." 1:2/113 AJISS
Ø    Abwar, Muhammad, "Reorganization of Islamic Banking: A New Proposal." 4:2/295 AJISS
Ø    Akram Khan, M. "Commodity Exchange and Stock Exchange in Islamic Economy." 5:1/91 AJISS
Ø    Raquibuz Zaman, M. "Some Issue in Risk Management." 5:2/263 AJISS
Ø    Sadeq, A.H.M. "Mobilization of Resources for Development"  6:2/239 AJISS
Ø    Bendjilali, Boualem and Farid B. Taher. "Zero Efficiency Loss Monopolist: An Islamic Perspective." 7:2/219 AJISS
Ø    Sattar, Zaidi. "A Dynamic Investment Model With Profit-Sharing in an Interest-Free Economy: Methodological Issues." 8:1/109 AJISS
Ø    Choudhury, Masudul A. "Social Choice in an Islamic Economic Framework." 8:2/259 AJISS
Ø    Abdel-Kawi, Ola and James Kole. "An Islamic Perspective on the Expectancy-Valency Theory." 8:3/453 AJISS
Ø    el-Badawi, Mohamed H. and Sultan. M. al- Sultan "Net Working Capital Versus Net Owner's Equity Approaches to Computing Zakatable Amount: A Conceptual Comparison and Application." 9:1/69 AJISS
Ø    Abdel Hameed M. Bashir and Ali F. Darrat. "Equity Participation Contracts and Investment: Some Theoretical and Empirical Results." 9:2/219 AJISS
Ø    Ahmad, Imtiaz U. "Islam and the Economic Challenge." 9:4/546 AJISS
Ø    Ebrahim, Muhammad-Shahid and Zafar A. Hasan. "Mortgage Financing for Muslim Americans."  10:1/72 AJISS
Ø    Abdul Aziz. "Firm Level Decisions and Human Resource Development in an Islamic Economy." 10:2/201 AJISS
Ø    Akhtar, M. Ramzan. "Modeling the Economic Growth of an Islamic Economy." 10:4/791 AJISS
Ø    Eid, Florence. "Studies of Islam, Economics, and Governance: A Survey of Some New Development." 11:1/38 AJISS
Ø    Kahf, Monzer. "Budget Deficits and Public Borrowing Instruments in an Islamic Economic System." 11:2/200 AJISS
Ø    Ansari, Mohammed I, "Islamic Perspectives on Sustainable Development." 11:3/394 AJISS
Ø    Anjum, Muhammad Iqbal. " An Islamic Scheme of Equitable Distribution of Income and Wealth." 12:2/224 AJISS
Ø    Pomeranz, Felix. "Business Ethics: The Perspective of Islam." 12:3/400 AJISS
Ø    Saeed, Abdullah. "The Moral Context of the Prohibition of Riba in Islam Revisited." 12:4/496 AJISS
Ø    Khan, Muhammad Akram. "The Role of Government in the Economy." 14:2/155.
Ø    Sultan, Arif. "WTO Successor to GATT: Implications for the Muslim World." 14:2/172 AJISS
Ø    El-Ansary, Waleed. "The Spriritual Significance of Jihad in Economics." 14:2/231 AJISS
Ø    Al Alwani, Taha Jabir. "The Role of Islamic Ijtihad in the Regulation and Correction of Capital Markets." 14:3/39 AJISS
Ø    Iqbal , Zamir. "The Benchmark Issue in the Islamic Financial System." 16:2/45 AJISS
Ø    El-Sheikh, Salah. "Sirat al-Mustaqim and Hikma: A Qur'anic View of Socioeconomic Behavior, Economic Discourse and Method." 16:2/55 AJISS
Ø    Khan, Muhammad Akram. "Islamic Economics: "The State of the Art." 16:2/89 AJISS
Ø    Yavas, Abdullah, "Experimental Tests of the Homo Economics." 16:4/1 AJISS
Ø    Chapra, M Umer. "Socioeconomic and Political Dynamics in Ibn Khaldun's Thought." 16:4/17 AJISS
Ø    Kahf, Monzer. "Financing the Development of Awqaf Property." 16:4/39 AJISS
Ø    Koylu, Mustafa. "War Industry and Unjust Distribution as a Global Problem." 16:4/67 AJISS
Ø    Ashour, Yousif. "The Importance of Murabaha in Long-Term Finance Programs in the Banking Industry." 16:4/87 AJISS
Ø    Chapra, M Umer. "Is Rationalism Possible in the Muslim World?" 16:4/103 AJISS
Ø    Sulaiman, Maliah & Roger Willet. " Islam, Economic Rationalism and Accounting." 18:2/61 AJISS
Ø    Hassan, M. Kabir & Faridul Islam. "Prospect and Problems of a Common Market: An Empirical Examination of the OIC Countries." 18:4/19 AJISS

Articles 
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Conference Report/Recommendation
01.     The Seminar on Islamic Economics (March 28-29, 1987)    Vol. 4    Num. 1    P-147, AJISS 
02.    Second Annual Economics Seminar
Rabi al Akhir 8-10, 1409/November 18-20, 1988    Vol. 5    Num. 2    P-317, AJISS
03.    The Third International Zakah Conference 
Muhammad Arif.    Vol. 7    Num. 2    P-279, AJISS
04.    Report on the Third Seminar on Islamic Economics :
Resource Mobilization and Investment in an Islamic Framework.
By Zaidi Sattar    Vol. 8    Num. 1    P-181, AJISS
05.    Second International Conference on Ethico-Economics :  
Ethical Foundation of the Economics and Social Order. 
By Omar Altalib    Vol. 8    Num. 3    P-567, AJISS
06.    Third International Conference on Islamic. Economics.
By Muhammad Anwar    Vol. 9    Num. 3    P-427, AJISS
07.    Summary of the Proceeding of the Fourth International Economics Seminar.
By Ehsan Ahmad    Vol. 9    Num. 4    P-584, AJISS
08.    International Conference on Islamic Economics in the 21st Century
By Omar M. Kamal    Vol. 16    Num. 4    P-145, AJISS
09.    Fifth Harvard University Forum Islamic Finance : Dynamics and Development
By Zaid Albarzinji    Vol. 19    Num. 3    P-156, AJISS

Book Review:
01.     Towards an Interest-Free Islamic Economic System.
By Waqar Mosood Khan, Reviewed by Muhammad Anwar    Vol. 3    Num. 1    P-157-160, AJISS
02.    Islamic Justice In a Monetary System : 
A Modest Proposal Reviewed by Muhammad Anwar    Vol. 4    Num. 1    P-135-139, AJISS
03.    The Muslim Word: Geography and Development
By Dr. Mushtaqur Rahman, Reviewed by Ikram Aaam    Vol. 6    Num. 1    P-170-172, AJISS
04.    Modelling Interest-Free Free Economy : 
A Study in Macro-Economics and Development
By Ehsan Ahmad     Vol. 7    Num. 1    P-111-112, AJISS
05.    Revolution and Economic Transition :
The Iranian Experience
By Hooshang Amirahmadi, Reviewed by Abdel-Hamid Bashir    Vol. 8    Num. 2    P-340-341, AJISS
06.    Revolution and Economic Transition : The Iranian Experience
By Hooshang Amirahmadi, Reviewed by Abdul- Hamid Bashir    Vol. 8    Num. 2    340-341, AJISS
07.    Islamic Law and Finance 
Reviewed by Ali R. Darrat    Vol. 8    Num. 3    P-549-551, AJISS
08.    Merchant Capital and Islam
By Mahmood Ibrahim, Reviewed by Muhammad Q. Zaman.    Vol. 8    Num. 3    P-557-561, AJISS
09.    Business and Accounting Ethics in Islam
By Trevor Gambling and Rifaat Ahmet Abdel Karim, 
Reviewed by Muhammad Akram Khan     Vol. 9    Num. 3    P-418-419, AJISS
10.    Islam and the Economic Challenge 
By M. Umer Chapra, Reviewed by Imtiaz Uddin Ahmad    Vol. 9    Num. 4    P-546-555, AJISS
11.    On Islamic Accounting :  Its Future Impact on Western Accounting
By Toshikazy Hayashi, Reviewed by Muhammad Akram Khan.    Vol. 11    Num. 1    P-120-121, AJISS
12.    Barking and Finance : Islamic Concept
By Reviewed by Osman Suliman.    Vol. 11    Num. 2    P-266-268, AJISS
13.    Islam and Economic Development 
Reviewed by Shujjat A. Khan.    Vol. 11    Num. 3    P-441-443, AJISS
14.    Islamic Banking in Pakistan: The Future Path
By Muhammad Akram Khan, Reviewed by Shujaat A. Khan    Vol. 12    Num. 4    P-576-578, AJISS
15.    An Introduction to Islamic Economic
By Muhammad Akram Khan, Reviewed by Zubair Hasan            P-580-585, AJISS
16.    Economic Doctrines of Islam: A Stuby in the Doctrines of Islam and Their Implications for Poverty, Employment and Economic Growth
By Irfan Ul Haq, Reviewed by Imtiazuddin Ahmad    Vol. 14    Num. 2    P-283-286, AJISS
17.    Multicultural Counseling Competencies : Individual and Organizational Development
By D.W. Sue et al., Reviewed by R. Sarah Shoaee    Vol. 15    Num. 4    P-130-133, AJISS
18.    Islamic Banking
Reviewed by Muhammad Anwar    Vol. 20    Num. 3&4    P-220-222, AJISS
19.    Poverty and Charity in Middle Eastern Context.
Reviewed by Egbert Harmsen    Vol. 21    Num. 4    P-128-131, AJISS
20.    Al-Wakalah and Customer's Preferences toward It : 
A Case Study of Two Takaful Companies in Malaysia.
By Hairul Azlan Annuar    Vol. 22    Num. 1    P-28, AJISS
21.    Confessions of an Economic Hitman.
Reviewed by Jay Willoughby    Vol. 22    Num. 2    P-124-126, AJISS
22.    Islamic Banking and Finance in Theory and Practice : 
The Experience of Malaysia and Bahrain.    Vol. 22    Num. 2    P-69, AJISS
23.    The Rebirth of Uzbekistan: Politics, Economy, and Society in the Post-Soviet Era    Vol. 22    Num. 4    P-103-105, AJISS
24.    The Time Value of Money Concept in Islamic Finance.    Vol. 23    Num. 1    P-66, AJISS

Books  
On
Economics/Business Administration/ Management/Marketing/Finance

Sl. No.    Name of the Book    Name of the Author    Self 
1.    Indexation of Financial Assets: An Islamic Evaluation     M. Hasanuzzaman     
2.    Islamic Business Ethics     Rafik Issa Beekum     
3.    Economic Doctrines if Islam     irfanul Haq    
4.    Resource Mobilization of Investment in an Islamic Economic Framework    Ed. Zaidi Satter     
5.    An Introduction to Islamic Economics    Muhammad Akram Khan     
6.    Islam & economic Development     M. Umer Chapra     
7.    Contribution of Islamic Thought to Modern Economics     Ed. Misbah Oreibi     
8.    Role of Private and Public Sectors in Economic Development in an Islamic Perspective    Ed. Ehsan Ahmed     
9.    Text Book On Islamic Banking    Ed. Kabir Hassan    
10.    Islamic Bank And Insurance     Ed. Md. Sharif Hussain     
11.    Scheduled Bank Statistics     Bangladesh Bank    
12.    Towards a Just Monetary System     M. Umer Chapra     
13.    Socio –economic Development, Human Welfare     Md. Solaiman mandal     
14.    Classified Bibliography on Islamic Economics    Dr.  Sabrys Shaban     
15.    Elimination of RIBA From The Economy     Khurshed Ahmed    
16.    Thoughts on Islamic Economics    Islamic Economic Research Bureau    
17.    China's Opening to Outside World: The Experiment With........    Robert Kleinberg     
18.    Towards An Islamic Common Market     Ed. Ayubur Rahman     
19.    Islam The Economic Challenge     Mr. Umer Chapra     
20.    Globalization and the Muslim World    Mr. Kabir Hassan    
21.    Accounting, Philosophy, Ethics and Principles     M. Zahurul Islam    
22.    Guidelines to Islamic Economics: Mature Concepts And principles     M. Raihan Sharif    
23.    Al-Zakah : A Handbook of Zakah Administration    M. Zahurul Islam    
24.    On Openness Integration And Economic Growth     Rock Antone Mehonna     
25.    A Dynamic Analysis Of Trade and Development in Islamic Countries Selected Case Studies      Dr. Masudul Alam Chowdhury     
26.    Business Ethics in Islam     Mustaq Ahmed     
27.    Islam &a new International Economic Order: The Social Dimension        
28.    Privatizing Industrial Regulatory Functions in Bangladesh     Sandrel Reza     
29.    Modeling Interest: Free Economy    Mohammad Anwar    
30.    Poverty and Technology    Dr.M. Shamser Ali    
31.    Food Policy & Politics: A Perspective on Agricultural Development     George Horwich    
32.    Islamic Economics : Principles and Applications      Prof. Raihan Sharif     
33.    The Future of Economics: Islamic Perspective     M. Umer Chapra     
34.    Market Economy of Bangladesh     Golam Kibria    
35.    Corporate Govt. & Islamic Financial Institutions.    M. Umer Chapra    
36    Role of Zakah and Awqaf in Poverty alleviation     Hibib Ahmad    
37.    A micro-economic model of an Islamic Bank      Habib Ahmed    
38.    On the experience of Islamic agricultural Finance in Sudan: challenges of Sustainability    Adam B. Ehiraika    
39.    Outlines of U.S. Economy    U.S. Dept. of State     
40.    History of Urban Form    A.E. J. Morrirs     
41.    Through Muslim Eyes    Emad Eldin Shahin    
42.    Indexation of Financial Assets     S.M. Hasamzzaman    
43.    Migrant workers contribution     Zahid Zamir     
44.    Islamic Banking System    Sudin Haron    
45.    Credit Management in Commercial Banks.     Iftekhar Uddin Ahmed.    
46.    Islamic Banking and Finance     Saad Al-Harran     
47.    Market Economy and Bangladesh    Golam Kibria     
48.    Globalization or Recolorisation     Ali Mohammad & Muhammad Absan.    
49.    Country Economic Memorandum from stabilizing to Growth        
50.    World Economic Outlook     IMF    
51.    Islam and a new International Economic Order: The Social Dimension     ILO    
52.     Banking Institutions in Developing Markets    World Bank    
53.    Resource Mobilization.     Zaidi Sattar    
54.    Islam and Economic Challenge    M. Umar Chapra     


Reference Sheet:3
Sl.    Name of the Book    Author    Remarks
1.        Leadership: An Islamic Perspective    –    Rafiqul Issa Beeken & Jamal Badabi    
2.        Management From Islamic Perspective    –    Naciur Jabnoum    
3.        Islam & Management    –    Naciur Jabnoum    
4.        Islam & Business    –    Nik Mohammad Affandi bin Niq Yousof    
5.        Leadership Dynamism    –    Mustafa Kamal Ayub    
6.        Islamic Management for Excellence    –    Syed Othaman Al Habshi, ... et al...    
7.        Prophet Muhammad’s Leadership    –    Ismail Noor    
8.        Text Book of Islamic Banking    –    Kabir Hassan    
9.        Readings in Islamic Management    –    Ismail Noor    
10.        Quality Management: An Islamic Perspective    –    Abul Hasan M. Sadeq    
11.        Industrialization: An Islamic Perspective    –    Adit Al Gazali    
12.        Business Ethics in Islam    –    Mustaq Ahmed    
13.        Ethics in Business And Management    –    Khalid Ahmad & Abul Hasan M. Sadeq    
14.        Loyality and Leadership in Early Islamic Society    –    P. Muttaheda    
15.        The Islamic Polity and Political Leadership    –    Mehrar Tamadinfar    
16.        Islamic Value and Management    –    Syed Othaman Al Habshi and Aidit Ghazali    
17.        Principles of Islamic Financing    –    Munzar Khaf & Tarikullah Khan    
18.        Toward Islamic Financial Market    –    Aushah Ahmed    
19.        Towards Islamic Common Market    –    IERB    
20.        Islamic Financial Institution    –    M. Fahim Khan    
21.        Insurance in Islamic Economy    –    Mohammad Najatulla Siddiqi    
22.        Muhammad as a Military Leader    –    Afzalur Rahman    
23.        Islamic Business Ethics    –    Rafiq Issa Beekun    
24.        Towards Islamic English    –    Ismail Raji Al Faruqi    
25.        Morality in Trade Under the Perspective in Islam    –    Md. Shafiq Ahmed    
26.        Islami Thinking on Economics, Administration and Transaction     –    Hakim Mohammed Said    
27.        Islam, Knowledge and Ethics    –    Othaman Al habshi    
28.        Toward an Islamic Managerial Alternative: An Islamic Analysis Faysal Islamic Bank of Egypt     –     Ali Abdul Fath    
29.        Contemporary Business Towards the Development of Islamic Business Management    –    IIUM    
30.        Leadership: Western and Islamic    –    Anisuzzaman & Majumder    
31.        Imamat and Leadership    –    Syed Mutaba    
32.        Islamic Management and Present Applications in Bangladesh    –    Md. Golam Mohiuddin    
33.        Islamic Banking and Insurance, Proceeding of Seminar     –    IBBL    
34.        E-Commerce in Islam        Malaysian Book    
35.        The Role of Private & Public Sectors in Economic Development in an Islamic Perspective Association of Muslim Social Scientists (AMSS) 

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