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Human capital has become a key area of development because if a country lacks good manager its resources are wasted and the whole nation suffers so these are managers who gathers resources and men, money and material in such a way that they produce more than their labor which goes to investors. It is imperative to find the answer of the question of what type of management system can meet the modern requirement of the day needs answer because human resources management took a vital and unique place for social development. Islamic management system emphasizes that some of you are raised by Allah on others in skills, knowledge, expertise and temperament which is most vital for smooth management. It also emphasizes on obedience and mutual respect, cooperation, equal opportunities, commitment to the work and full use of capacity. The key models of Islamic Management are falah, aml saleh, sabr, adle, ikhlas, ammanah and ihsan. These are the foundations on which Islamic management systems building is erected as a tower. These models are helpful for developing a human relationship within working environment, which does not allow anyone to exploit other as in other system usually is done.

Islamic Management System and its Application in the 21st Century World