We use cookies to improve your experience. By using our site you are accepting our cookie policy. 
Read our privacy policy to learn more.

Understanding Islamic Financial Services

Understanding Islamic Financial Services

Theory and Practice

Karim Ullah, Wafi Al-Karaghouli


This book, for students and professionals of Islamic Finance, develops an innovative service system perspective to explain how the Islamic financial system functions.

Buy product Pre-order now

About the book

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 the Understanding Islamic Financial Services. Examples from practice enliven the text and allow the reader to relate the theories and principles discussed to current practice.

Table Of Contents

    • Chapter - 1: History and Development of the Islamic Financial System
    • Chapter - 2: Islamic Law (Shariah), Economics, and Financial System
    • Chapter - 3: Core Elements of the Islamic Financial System
    • Chapter - 4: Multi-Level Islamic Financial System
    • Chapter - 5: Product Level Development of Islamic Financial System
    • Chapter - 6: Institution Level Development of Islamic Finance
    • Chapter - 7: Market Level Development of Islamic Financial System
    • Chapter - 8: Inter-Markets (ecosystem) Level Development of Islamic Financial System
    • Chapter - 9: Adaptability and Sustainability of Islamic Financial System

Book Details

  • EAN: 9780749480516
  • Edition: 1
  • Published: 3rd April 2017
  • Paperback
  • Dimensions: 234x156
  • 232 pages

About the Author

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

Karim Ullah

Wafi Al-Karaghouli