A distinctive Islamic management style is a very new discourse that needs to be developed much further. Islamic values are the main fuel on which to run the distinctively Islamic management style, and the individuals, who constitute the smallest units in the organization, need to internalize and actualize those values. Only then can those values be reflected within organizational structure and operation, which then enables the individual to achieve the same Islamic values, gradually establishing a virtuous circle. The ZIKR-PIKR-MIKR procedures as currently implemented in PT Bank Muamalat Indonesia Tbk, clearly does enable staff to realize personal and collective objectives without compromising ethical principles.
The approach of ZIKR-PIKR-MIKR does perhaps bring us nearer to the ideal Islamic management style. However, in the very dynamic conditions of the modern economic system, the approach would benefit from enrichment by the theory of learning organization, which will lead individuals working in an organization to maintain learning and enhancing their capabilities within dynamic environment. Only flexible and adaptive individuals, consecutively, will cope effectively with the challenges, and only their success in doing so can ensure the survival of the organization.
M. Luthfi Hamidi
