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...

Full description

Bibliographic Details
Main Author: Al-Muharrami, Saeed
Other Authors: Hardy, Daniel
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/184
Online Access:Full text available on IMF