This is an excellent addition to the literature on Islamic economics, banking and finance. With an explicit focus on service rather than product architecture, this books offers a different perspective on the topic. Islamic financial service propositions are discussed at the product, systemic, network and ecosystemic levels. The book comprises nine chapters. Although a cursory look at the contents page may reveal that it is another book with an old focus on Islamic finance, but deeper look into the contents and reading reveal that this book focuses on service aspect of Islamic banking and finance at each and every step of product offerings. This is perhaps the first book in the field with such a focus.
Those who keep on emphasising the role of the real economy and its possible connection with Islamic banking and finance must read this book to get a fresh perspective on the future development of Islamic banking and finance.
The book is full of practical examples, case studies and real The book is full of practical examples, case studies and real-life stories of service designing tools for Islamic finance. Starting with the paradigm of Islamic finance (Chapter 1), the book quickly moves on to the service aspect of Islamic finance in Chapter 2. The importance of service of Islamic finance can be gauged by the fact that almost 70% of gross domestic products (GDP) of the world comprises services. Hence, for those who keep on emphasising the role of the real economy and its possible connection with Islamic banking and finance must read this book to get a fresh perspective on the future development of Islamic banking and finance. Chapter 3 discusses different models of Islamic financial services. In this respect, partnership-based models, sale based services, leasing-related services, and the agency services are highlighted. Chapter 4 provides an overview of Islamic financial system. Service designing tools and their applications to Islamic financial service is discussed in Chapter 5. An adaptable service design model (ASD) is focus of Chapter 6. The practical side of designing Islamic financial service is presented in the next chapter. The last two chapters synthesise and conclude. It is a book on Islamic finance with a unique focus, and the readers who are interested in learning about new perspectives on Islamic banking and finance will find it useful.
