In this paper, I study management and business education in Pakistan to evaluate their suitability for the local context and their compatibility with Islamic philosophy of education. I use decolonial theory and Iqbalian poetry to craft an evaluative lens for management education and to generate an alternative critical discourse grounded in theology. I found that utilitarianism and managerialism taught in the business schools is creating "captive minds" and is not compatible with traditional Pakistani norms and values. I use decolonial theorists' idea of pluriversality to offer an alternative. In this manner, I contribute to the critical educational philosophy by showing its parochial character. I argue that addressing the legacy of colonialism is important to develop an emancipatory and new way of thinking about education.