Takaful and Islamic Cooperative Finance


Book Description

Islamic finance distinguishes itself from conventional finance with its strong emphasis on the moral consequences of financial transactions; prohibiting interest, excessive uncertainty, and finance of harmful business. When it comes to risk mitigation, it is unique in its risk sharing approach.




Villages, Women, and the Success of Dairy Cooperatives in India


Book Description

India's cooperative dairying program is widely celebrated as an example of successful rural development, yet the meanings of this success have been understood mainly through the pronouncements of national and international development agencies. Within such official narratives, there has been relatively little engagement with the geographies of dairy development, both its place-specific productions through political contests, availabilities of labor, and distributions of agricultural resources, and the unevenness of its outcomes across rural India. This absence is even more surprising given that village-level cooperatives comprise the foundation of India's dairy development program, and the work of women within rural households is continuously invoked as an integral part of the dairy work. This book extends and enriches current understandings of cooperative dairying in India to show both its value to rural communities as well as the limitations of its participatory structures. Combining comparative and ethnographic approaches, explanations for the diverse outcomes of cooperative dairying are provided from the perspective of the people and places directly involved in the everyday reproductions of rural development. This book contributes to existing understandings of rural development and rural geographies in four significant ways. First, by following histories of development from their local origins to their national and international appearances, the global genealogies that are usually attached to development are rendered more complex. Second, by connecting cooperatives to place, the ways in which participation in development reflects local struggles for power and, hence, are structured through local inequalities, is revealed. Third, by linking dairying and agriculture, the continuing importance of resource distributions in shaping the outcomes of rural development is highlighted. Finally, the crucial role of household divisions of labor in the success of village dairy cooperatives is explicated through showing how struggles over the meanings of rural women's work become key to enabling household-level participation in dairying. This book will be of interest to scholars in a wide range of disciplinary and interdisciplinary fields, including geography, sociology, anthropology, rural studies, development studies, gender studies, and regional studies of India.







Cooperatives in the Global Economy


Book Description

Cooperatives in the Global Economy presents a unique collection of research-based chapters contributed by leading social and economic thinkers that provide critical insights into how the cooperative business model meets the challenges of the complex global problems in today’s competitive economy. Apart from theoretical arguments in favor of the value-based cooperative business model, this book presents the performance indicators of various forms of cooperatives, their potentialities, and challenges they face across borders. The contributors reexamine how cooperatives empower the marginalized population of the world by bringing them into the mainstream of socio-economic activities through creating employment opportunities, working towards alleviation of poverty, ensuring for more equitable distribution of scarce resources, and providing the basis for a sustainable economy and its meaningful growth. Today, in the global competitive economy, the challenges for cooperatives are enormous due to their particular value commitments, forms of incorporation, and organizational structures. In spite of the presence of several challenges, cooperatives promote economic growth and social justice. In this context, this book also presents the critical roles of cooperatives in balancing economic, social, and environmental concerns to build a better, equitable, and sustainable world.




Cooperatives, Economic Democratization and Rural Development


Book Description

Agricultural cooperatives and producer organizations are institutional innovations which have the potential to reduce poverty and improve food security. This book presents a raft of international case studies, from developing and transition countries, to analyse the internal and external challenges that these complex organizations face and the solutions that they have developed. The contributors provide an increased understanding of the transformation of traditional community organizations into modern farmer-owned businesses. They cover issues including: the impact on rural development and inclusiveness, the role of social capital, formal versus informal organizations, democratic participation and member relations, and their role in value chains. Students and scholars will find the book’s multidisciplinary approach useful in their research. It will also be of interest to policy-makers seeking to understand the wide diversity of organizational forms and functions. NGOs, donors and governments seeking to support rural developments will benefit from the discussions raised in this book.




Co-operatives and Poverty Alleviation


Book Description

Before the co-operative disbandment in 1976 co-ops were recognised as rural development promoters and vehicles for rural transformation. However since the co-operative re-establishment in 1982 to the present time that previous identity has been greatly eroded due to operational setbacks, mismanagement, confusion, and misdirection. This book is the result of a study of twenty-four randomly selected primary co-op societies in four regions. Part one introduces the study giving background information on the research problem and question, and outlines the objectives and hypotheses, the research methodology, and the main features of the sample population. Part two deals with co-operative theory and the practice of co-operation. The research findings and accompanying analysis make up the third party and the majority of the study, while the fourth part discusses the studies results paying particular attention to cop-operative potential in rural development and the governments efforts towards the co-op revival. The fifth part concludes with recommendations on emerging policy implications and on the future of co-ops as instruments for poverty alleviation.




Theoretical and Empirical Studies on Cooperatives


Book Description

The book outlines how cooperatives can be used as a tool for development and reconciliation in post-conflict contexts. This book also examines the successes and challenges for emerging and existing cooperatives in Africa, while delivering both practical lessons and insights into the theory. It presents completely new materials on the cooperative movement, against a backdrop of increasing global recognition of the roles of cooperatives and collective action in socio-economic development. Readers are invited to consider how, as an economic model that seeks to advance member collective interests, cooperatives are invaluable tools for human, economic and social development. Social and human geographers find this a remarkably impactful contribution to the literature surrounding cooperatives in Africa and cooperative theory in general. Policy experts and students also find the research informative and insightful.




Collective Courage


Book Description

In Collective Courage, Jessica Gordon Nembhard chronicles African American cooperative business ownership and its place in the movements for Black civil rights and economic equality. Not since W. E. B. Du Bois’s 1907 Economic Co-operation Among Negro Americans has there been a full-length, nationwide study of African American cooperatives. Collective Courage extends that story into the twenty-first century. Many of the players are well known in the history of the African American experience: Du Bois, A. Philip Randolph and the Ladies' Auxiliary to the Brotherhood of Sleeping Car Porters, Nannie Helen Burroughs, Fannie Lou Hamer, Ella Jo Baker, George Schuyler and the Young Negroes’ Co-operative League, the Nation of Islam, and the Black Panther Party. Adding the cooperative movement to Black history results in a retelling of the African American experience, with an increased understanding of African American collective economic agency and grassroots economic organizing. To tell the story, Gordon Nembhard uses a variety of newspapers, period magazines, and journals; co-ops’ articles of incorporation, minutes from annual meetings, newsletters, budgets, and income statements; and scholarly books, memoirs, and biographies. These sources reveal the achievements and challenges of Black co-ops, collective economic action, and social entrepreneurship. Gordon Nembhard finds that African Americans, as well as other people of color and low-income people, have benefitted greatly from cooperative ownership and democratic economic participation throughout the nation’s history.







Global Poverty Alleviation: A Case Book


Book Description

This case book provides examples of multi-stakeholder partnerships that aim to create sustainable enterprises for both the for-profit sectors and for individuals who live in conditions of poverty. Ideal for teaching, after a brief introduction to the case method, the cases are presented as descriptions with no comments or criticisms. The cases are arranged thematically and cover a broad array of solutions in diverse countries including India, Bangladesh, Vietnam, Tanzania, the United States, South Africa, Mozambique, Peru, Ghana, Haiti,and Mexico. Specific programs for alleviating—or even eradicating—poverty through profitable partnerships come from myriad sectors such as banking, health, education, infrastructure development, environment, and technology. The cases highlight solutions that focus on bringing about substantive shifts in the conditions of life for those living in poverty.​