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On Islamic Banking and Knowledge Management

I've mentioned Islamic Banking before. It is a very interesting concept. When you compare some of its leading principles, you will find a perplexing strong resemblance of knowledge management principles. Seems someone centuries ago anticipated the needs of modern knowlege management. Taking a page from Wikipedia you can learn: " The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of riba (usury). Amongst the common Islamic concepts used in Islamic banking are profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijarah)".
When compiling KM principles we find similar scenarios:
  • KM requires to capture and share insights in successes and failures. (sharing of profit and loss)
  • KM insights must be maintained as long as they are relevant (safekeeping)
  • Successful KM is a joint effort. Everybody contributes to the success of it (joint venture)
  • You need to go that extra mile to make KM work (cost plus)
I'm in no way an expert on Islamic banking, culture and rules, and I might get it totally wrong, nevertheless I found that similarities striking.

Posted by on 22 August 2008 | Comments (2) | categories: Intercultural


  1. posted by Slawek Rogulski on Monday 25 August 2008 AD:
    You might be onto something there. On the other hand, the similarities are so high level as to not be relevant beyond the abstract.
  2. posted by Jaro on Monday 09 August 2010 AD:
    Thanks for this interesting post !