Islamic Business and Performance Management: The Maslahah-Based Performance Management System

This unique book discovers a new dimension in the study of strategic and performance management in Islamic Business studies. It addresses the missing link of spirituality from modern-day organizational structure in the presence of high-tech pressure in all areas of human endeavours.

The authors propose an integrated study of Islamic business approach to strategic and performance management systems to achieve sustainable organizational performance. The book explores employees’ wellbeing and organizations’ perceiving work environment as a spiritual pathway to cultivate values in Islamic business ecosystem to sustain humanity. It is all about care, empathy, and sustenance of others, about truthfulness and management being truthful to themselves and others and endeavouring to live their values more effusively while performing their work. The book stresses the impact of spirituality in performance management, concluding that for any organization to run efficiently, spirituality is the core component to attain happiness, contentment, and success.

The book will be of interest to a variety of management scholars, including those researching and studying performance management, talent management, strategic management, and business ethics.

Achmad Firdaus is an Associate professor of Islamic Economics and Dean of the Faculty of Islamic Economics and Business at Institut Agama Islam (IAI) Tazkia, Indonesia. He earned his PhD in Islamic economics from Syarif Hidayatullah State Islamic University (UIN), Jakarta (2013), Master of Science in Management from the Graduate School of Faculty of Economics and Business – Universitas Indonesia (2004), and Bachelor of Physics from Faculty of Mathematics and Sciences – Universitas Indonesia (1993). He joined IAI Tazkia since 2012 and has held academic positions such as Head of the Master’s Program and Director of Postgraduate. He has worked at PT. SANYO Jaya Components Indonesia (1993–2003) (manufacture), PT. Asuransi Takaful Keluarga (2005–2009) (insurance) and also a consultant in management (2004–2015). His primary research interests are but not limited to Islamic wealth management, Islamic performance management, Islamic strategic management, Islamic marketing, and Islamic finance/banking/insurance.

Khaliq Ahmad is currently Professor at International Institute of Islamic Thought and Civilization (ISTAC) who previously served International Islamic University (IIUM) for 27 years and joined as Research Professor at Putra Business School after serving as a full Professor at Qassim University, Saudi Arabia. Dr Ahmad, who graduated from AMU Aligarh by obtaining his doctorate, MPhil, and master’s degrees, worked in the private sector for five years. He was the Dean, Kulliyah (Faculty) Economics and Management Sciences (KENMS) during the years 2008–2013. As founding President – ICIFE (www.icife.net) and former Dean, Institute of Islamic Banking and Finance (2015–2016), he steered IIUM to be ranked world No. 1 in 2015 and 2016 by QS Ranking in Islamic Finance research and publication citation index. His academic interest is but not limited to Corporate Governance, Leadership, Strategic & Islamic Management, Islamic Social Finance, and Islamic Marketing.