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Understanding Islamic Financial Services

Theory and Practice

This book

• 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 • Offers four cutting edge, in depth case studies that clearly demonstrate how the system operates in different types of financial systems • Is written by Karim Ullah, a key player in

Islamic finance in Pakistan, having played a major role in setting up the Centre for

Excellence in Islamic Finance there • Presents a much needed up to date resource for a growing global industry thirsty for new sources of knowledge.

Description

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 intermarket 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.

Author Information

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. Edition: 1 Date: 03/04/2017 Price: £42.99 Paperback: 9780749480516 Ebook: 9780749480523 Pages: 232 Format (mm): 235x156 Product Category: Textbook Subject: Accounting & Finance

Table of Contents

1 History and Development of the Islamic

Financial System 2 Islamic Law (Shariah), Economics, and

Financial System 3 Core Elements of the Islamic Financial

System 4 Multi-Level Islamic Financial System 5 Product Level Development of Islamic

Financial System 6 Institution Level Development of Islamic

Finance 7 Market Level Development of Islamic

Financial System 8 Inter-Markets (Ecosystem) Level

Development of Islamic Financial System 9 Adaptability and Sustainability of Islamic

Financial System

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