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.
