Adherence to Islamic financing principles could benefit credit unions
Institutions owned by co-operative banks and credit unions could find advantages in operating according to Islamic principles, a recent IMF working paper suggests.
Cooperative and Islamic Banks: What can they Learn from Each Other? by Saeed Al-Muharrami and Daniel Hardy, argues that greater risk-sharing between a co-operative bank's member-owners, especially "the availability of savings products that participate in the upside and downside risk to which the bank is exposed", would make the
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