Cooperative and Islamic Banks : What can they Learn from Each Other? /

Islamic and cooperative banks such as credit unions are broadly similar in that they both share some risk with savers. However, risk sharing goes along with ownership control in cooperatives, whilst Islamic banks share risk with borrowers and downside risk with depositors. Islamic banking is consist...

Повний опис

Бібліографічні деталі
Автор: Al-Muharrami, Saeed
Інші автори: Hardy, Daniel
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2013.
Серія:IMF Working Papers; Working Paper ; No. 2013/184
Онлайн доступ:Full text available on IMF
LEADER 01689cas a2200253 a 4500
001 AALejournalIMF013851
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781484380833 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Al-Muharrami, Saeed. 
245 1 0 |a Cooperative and Islamic Banks :   |b What can they Learn from Each Other? /  |c Saeed Al-Muharrami, Daniel Hardy. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Islamic and cooperative banks such as credit unions are broadly similar in that they both share some risk with savers. However, risk sharing goes along with ownership control in cooperatives, whilst Islamic banks share risk with borrowers and downside risk with depositors. Islamic banking is consistent with mutual ownership, which may ease some of the governance and efficiency concerns implied by Shari'ah constraints. Greater risk sharing among cooperative bank stakeholders, using mechanisms embedded in Islamic financial products, may strengthen cooperatives' financial resilience. 
538 |a Mode of access: Internet 
700 1 |a Hardy, Daniel. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/184 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/184/001.2013.issue-184-en.xml  |z IMF e-Library