Designing a pseudo investor-share cooperation supplied in stock

Sha&#039;abani, Ahmad; Yusefi, Ahmad Ali; Salehabadi, Ali; Habibullahi, Mohammad Hadi

Designing a pseudo investor-share cooperation supplied in stock

Authors

¹ Associate professor at Economics Dept. of Imam Sadegh University

² Associate professor at Research Institute of Humanities and Cultural Studies

³ Assistant professor at Management Dept. of Imam Sadegh University

⁴ PhD student of financial management at Imam Sadegh University

Abstract

Cooperative sector is mentioned as one of the sectors of the economy in the Article 44 of the constitution of the Islamic Republic of Iran. Accordingly, many cooperatives are formed and operated in the country. However, cooperatives are faced with problems, some of which date back to the internal structure of the company. So the world today is witnessing the development of new types of cooperatives that are trying to solve some problems through changing their structure. Investor-Share Cooperation is one of the new models of this type. This thesis focuses on the issue that, how a cooperative can offer its shares in the stock market, but still adheres to cooperative principles. For doing this, we describe and analyze some different new models and we use the results to design the model. Our model has three important components: take holders, the rights and preferred stock. Members and investors (take holders) have one same voting right and they contribute to the ultimate benefit of its profitable activities. The share of this company will publish in market and the shareholders of the company are joint owners. According to the new legal relationship, "pseudo investor-share cooperation" for the company is more favorable. At the end, we checked out the model with Shi’a jurisprudence and in conclusion the application of this model was known permissible in Sharia.

Keywords