01689cas a2200253 a 4500 AALejournalIMF013851 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484380833 1018-5941 BD-DhAAL BD-DhAAL Al-Muharrami, Saeed. Cooperative and Islamic Banks : What can they Learn from Each Other? / Saeed Al-Muharrami, Daniel Hardy. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Hardy, Daniel. IMF Working Papers; Working Paper ; No. 2013/184 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/184/001.2013.issue-184-en.xml IMF e-Library