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Understanding Islamic Financial Services

Theory and Practice

Get an in-depth insight into Islamic Finance with a cutting-edge and contemporary overview of the system and how it functions.
EAN: 9780749480516
Edition: 1
Format: 235 x 156
232 pages

FREE UK and US delivery

About the book

WINNER: The HEC Outstanding Research Award 2019

Understanding Islamic Financial Services
offers fresh insights on the Islamic financial system. The importance of this system cannot be underestimated. Experts expect that it is likely to sustain double digit growth globally over the next few years, and demand for professionals in the area has never been higher, both in the UK and around the world.

While other texts on the subject look at the basic concepts, principles, contracts and financial products used in Islamic banking and finance, Understanding Islamic Financial Services goes one step further and provides a new context, identifying four levels on which the Islamic Financial system operates: product level, institution level, market level and inter-market level. It considers Islamic banking and finance as a multi-level service system, an approach which will enable students and professionals of Islamic finance to gain a more in-depth, holistic understanding of how the system functions.

Understanding Islamic Financial Services covers contemporary developments in service science (e.g. service theories, service visualization tools and service co-creation concepts) and implications for the development and sustainability of Islamic financial services. Examples from practice enliven the text and allow the reader to relate the theories and principles discussed to current practice.

About the authors

Karim Ullah is Assistant Professor and Islamic Financial Services Co-ordinator, Centre for Excellence in Islamic Finance at the Institute of Management Sciences. He has taught extensively in the areas of Islamic banking and finance, business finance and managerial finance, amongst others.

Wafi Al-Karaghouli is Senior Lecturer in Operations and Project Management, Brunel University. He has extensive experience within multinational companies and Higher Education.

  • Two major phenomena can be fairly viewed as dominating the world scene today, namely rising Muslim population and intensifying desire of most Muslims to abide by Sharia in normal transactions. While there is no paucity of literature on Islamic banking, finance and economics, this modern and practice-focused volume is a true addition to knowledge in the field, making it virtually indispensible not only to financial institutions purporting to function in accordance with Islamic Sharia, but also to ordinary businesses and business-people in the Muslim world and beyond who wish to avoid haram as far as practically possible.
  • Dr Kadom J A Shubber, Founding & Ex-Editor, International Journal of Islamic and Middle-eastern Finance and Management

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