European Parliament Library

Cooperative and Islamic Banks :, What can they Learn from Each Other?, Saeed Al-Muharrami, Daniel Hardy

Abstract
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
Table Of Contents
Cover; Contents; I. Introduction; II. Characteristics; A. Cooperative Banks and Credit Unions; Tables; 1. Cooperative Banks: Financial Statistics for European Union, Canada, and Japan; 2. Credit Unions: Worldwide Membership Statistics; 3. Credit Unions: Worldwide Financial Statistics; B. Islamic Banks; Boxes; Box 1. Shari'ah-Compliant Financial Contracts; Figures; 1. Growth of Sukuk Issuance; 2. Composition of MENA Region Islamic Banks' Customer Accounts; 3. Composition of Islamic Banks' Investments; III. Similarities and Differences
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (32 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484357194

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