HRM between western and Islamic perspective in Conventional and Islamic Banks (Macroeconomic study)
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Date
2021-06
Journal Title
Journal ISSN
Volume Title
Publisher
Ecole des Hautes Etudes Commerciales
Abstract
When asked about Islamic banks and their human resources management, a traditional banker
may mumble something about religion and perhaps, "perhaps they can't charge interest, but they
use something else that's the same, leave alone their HRM. It's the same, nothing has changed;
they simply added the word "Islamic" to the title to give it some legitimacy and win Muslim
approval." Intriguingly, the "something else" is never specified. The banker may then dismiss
Islamic banking and its HRM as "smoke and mirrors," before concluding that, with a few
adjustments, it is what he does every day in his traditional bank. When asked to define an Islamic
financial instrument or certain Islamic financial and HRM concepts such as Murabaha,
Mudaraba, Raqaba Shari'a, Amana, Ihsan, and so on, the banker's eyes would begin to glaze
away. To be honest, this stereotypical picture of Islamic banking and Islamic human resource
management is all too common in the traditional banking sector even for Muslim employees.
Well, we will not claim they are completely wrong, at least not in practice. However, we see this
point of view as an extreme one, and totally discredit the achievements that Islamic economical
approaches generally and Islamic banks specifically got. Therefor This Thesis is an effort to go
back to roots in order to both enlighten the adherents of this point of view and widen their and
our understanding of Islamic banking and its HRM principles. In addition, highlight the key
characteristics and distinctions of Islamic banking, as well as its approach to human resource
management, that set it apart from traditional banking. and to ascertain whether or not this
stereotypical point of view is correct
Description
Keywords
Islamic banks, HRM, Conventional banks