421. CLARITY The Cooperative Law and Regulation Initiative

The Cooperative Law and Regulation Initiative (CLARITY) was established in 2005 by members of the U.S. Overseas Cooperative Development Council (OCDC) with support from the U.S. Agency for International Development (USAID). The chief goal of CLARITY is to provide support to cooperative movements in developing economies as they analyse and change their legal and regulatory […]

404. Another type of banking

A bank whose operations are as wide-ranging as those of Bank Rakyat can afford to change the way it does business. In 2003, 49 years after its foundation, Malaysia’s Bank Rakyat, one of Asia’s largest co-operative banks, embraced an operating system based on Shariah (Islamic legal) principles. Since then Bank Rakyat has been able to further extend its operations to the Malaysian islands of Sabah and Sarawak. Bank Rakyat is driven by […]