Wasīlah: Journal Of Sharia Sciences
Vol. 1 No. 2 (2025): Agustus

Sharia-Based Cooperatives And Systems Distribution Of Sharia Cooperatives

Rizky Amaliyah Ramdhani Ilham (a:1:{s:5:"en_US"
s:33:"Universitas Islam Negeri Makassar"
})

Muhammad Rustam Saputra (Unknown)
Amiruddin.K (Unknown)
Mukhtar Lutfi (Unknown)



Article Info

Publish Date
01 Aug 2025

Abstract

This research aims to describe sharia cooperatives are business entities that conduct economic activities based on Islamic principles, as stipulated in the Quran and Sunnah. Based on the principles of family and mutual cooperation, these cooperatives aim to improve the welfare of their members and the community at large. Principles such as being free from interest, social justice, and partnership are the hallmarks of Sharia cooperatives compared to conventional cooperatives. As a form of partnership, these cooperatives prioritize halal and sharia-compliant businesses to support fair and sustainable economic management. The principles of family and mutual cooperation are the main foundations of Sharia cooperatives, reflecting the spirit of cooperation and collective responsibility. This study uses a descriptive qualitative approach with data collection techniques through interviews, observations, and documentation. The results of the study show that the principles of Islamic cooperatives include the belief that wealth is a trust from Allah and not owned absolutely. Freedom of transactions, social justice, and the rejection of usury are the main foundations. The concept of deliberation replaces formal democracy in decision-making, creating harmony and togetherness among members. With a profit-sharing system instead of interest, Islamic cooperatives offer a fairer financial alternative, in accordance with Islamic teachings.

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Journal Info

Abbrev

wasilah

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences Other

Description

Wasīlah: Journal Of Sharia Sciences specializes in Sharia Sciences and is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines, covering: Islamic Economics, Sharia Economic Law, Islamic Finance, ...