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