Islamic Cooperatives Research Articles

Analyzing the Sharia Cooperatives Efficiency in Aceh Province, Indonesia

This study analyzes the efficiency level and the factors that influence the efficiency of Sharia cooperatives in 16 districts/cities in the Aceh province during the 2020-2022 period. The Data Envelopment Analysis method uses input, namely business capital and Islamic cooperatives' assets and Sharia cooperative operations' remaining annual income as the output. The findings show that Sharia cooperatives in Aceh Province are not fully efficient. Several things can influence the efficiency level of Sharia cooperatives. One is that every Sharia cooperative unit in Aceh Province has not recorded reports properly and correctly. It is because Sharia cooperatives in Aceh Province are still relatively new. Therefore, it is necessary to increase efficiency in using good inputs and outputs to produce the efficiency of Sharia cooperatives in Aceh Province.

ISLAMIC COOPERATIVES: OPERATIONS AND EVIDENCE FROM ORGANIZATION OF ISLAMIC COOPERATION (OIC) COUNTRIES

The Islamic finance industry has only been dominated with Islamic banking, Takaful, Islamic capital, and the money market, although, the Islamic cooperative (I-Coop), which is a non-financial institution in most cases is yet to be fully adopted in the contemporary Muslim societies. The Islamic cooperative can be a development reform tool or a social and economic growth method, it can be used to offer interest-free loans and to cover specific demands in rural and urban settings. The main purpose of this study is to investigate Islamic cooperative operations in some OIC countries. This study adopted the content analysis method by reviewing literature as the evidence to demonstrate and provide insights into various critical factors that have prompted the establishment of Islamic cooperatives in some OIC countries. Samples of literature for OIC countries were found and examined. Three I-Coop membercountries were given focus to (Malaysia, Indonesia, and Nigeria). The findings show that Islamic cooperatives only exist in few OIC countries. It was found that the OIC countries have emphasised more on operating Islamic banking rather than Islamic cooperatives. It was also noticed that the lack of the well-regulated Islamic cooperatives in these countries is due to lack of the government support to established it. However, in Nigeria, the Islamic cooperative is considered new, but the study found various types of Islamic cooperatives already operating there. Lastly, based on the experiences of the Islamic cooperatives in the selected countries, the study suggested creating more awareness, promotions, and guidelines most especially within the OIC countries.

KAJIAN PEMAHAMAN AKAD MURABAHAH PADA ANGGOTA KOPERASI SYARIAH

This study uses a qualitative method with a case study approach. This research aims to find out the understanding of murabahah contracts among members of Islamic Cooperatives. The research was conducted at KSPPS BMT Makin Amin. The research location is at Jalan Jambu Raya No. 79, Housing National Housing, Kamal District, Bangkalan. The data collection method is by conducting in-depth interviews and observing informants related to the research theme. Based on predetermined criteria, 18 informants were obtained, with the disbursement of 16 KSPPS members and 2 people from KSPPS BMT Makin Amin employees. The results of the study show that BMT Makin Amin members who are currently/have done murabahah financing are included in the understanding category. Based on the understanding indicators put forward by Anderson & Krathwohl (2010: 106) the informants in this study were included in the category of disconnection, exemplifying, classifying, summarizing, concluding, and being able to compare. factors that influence members' understanding of murabahah financing at BMT Makin Amin Factors include internal factors and external factors indicating that understanding factors affect the level of understanding of members of murabahah financing. This is because informants can receive or remember an understanding or knowledge previously obtained, then can provide explanations again in a different language. So that the understanding of BMT Makin Amin members on murabahah contracts is also influenced by the factors previously mentioned.

The Prospect for Establishing of Islamic Cooperatives in Bunyu District, North Kalimantan

This study aims to determine the prospects and potential for establishing sharia cooperatives in Bunyu District. The research method used is descriptive analysis to describe, present, or interpret literature data and interview results in the form of data presentation in the form of tables, graphs, pictures, and others, obtained from the Central Bureau of Statistics (BPS) Bulungan Regency and interviews using analysis TOWS (Treath, Opportunity, Weakness, Strength), IFAS and IFES. From the results of the analysis carried out resulted in several strategies that were very suitable for the conditions that existed in Bunyu District. The establishment of sharia cooperatives in Bunyu District has a very high opportunity to develop the economy of the people of Bunyu District, especially SMEs and fishermen. Plus support from the local government will also make it easier to prepare business capital with an easier loan system. Based on the results of research on the establishment of sharia cooperatives in Bunyu District, it has very good potential so that it can be concluded that the establishment of Islamic cooperatives in Bunyu District has a very high chance of developing the community's economy.

Relevansi Hukum dengan Undang-Undang No. 11 Tahun 2020 tentang Cipta Kerja Menggunakan Pendekatan Maslahat

The main problem in this research is to examine issues regarding the concept of Law Number 11 of 2020 concerning Job Creation Using the Maslahat Approach, regarding the view of Islamic Law regarding Law No. 11 of 2020 concerning Job Creation, the benefits of Law no. 11 of 2020 concerning Job Creation for workers and the existence of Law no. 11 of 2020 concerning Job Creation from the perspective of Sharia Economic Law. The type of research used in this research is library research (Library Research). The data sources used are primary data and secondary data. The results of this study are that the review of Islamic law in Law no. 11 of 2020 concerning Job Creation is a form of maintaining the soul (hifzh al-nafs) in principle maqashid syari'ah as a means of defending their economic right to survive. As for the benefits of Law no. 11 of 2020 concerning Job Creation that can be felt for now, namely: creating jobs, encouraging investment, permitting systems that are easier and faster, and investment requirements made easier. The value of Sharia Economic Law in terms of Law no. 11 of 2020 concerning Job Creation, providing Islamic economic growth, especially to the Islamic finance industry in Indonesia such as Islamic Banks, Non-Bank Islamic Financial Industry, Islamic Cooperatives and Islamic Capital Markets, in the future there will be great opportunities in running their business.

Credit-using behavior of Muslims in non-Muslim country:A study of Nakhon Si Thammarat, Thailand

In today’s globalizing economy, a wide variety of credit sources are available to people in need of funds. However, for Muslims, prescriptions and limitations imposed by the Islamic religion have the potential to shape their credit-seeking behavior. This study investigates credit-using behavior of Muslims in Thailand, a non-Muslim country. The sample comprised 385 Muslims selected from 13 districts in Nakhon Si Thammarat. Data were obtained through face-to-face administration of structured questionnaires and analyzed through means, frequencies, standard deviation and ANOVA. Findings showed that most of the Muslims in Nakhon Si Thammarat did not seek credit from Islamic sources. Instead, they looked to conventional banks, General Cooperative and Saving Group and Non-bank creditors. In addition, most Muslim credit users were found to be conservative, had only one credit contract with one financial institution, minimal remaining debt balances, and were punctual in debt repayment. It was also revealed that Islamic Cooperatives and Savings groups constituted the most suitable Islamic source of funds for Shariah-compliant credit. It is recommended that stakeholders in the banking and credit sector should put in more effort to advance the operations of Islamic cooperatives and savings groups to provide convenient access to financial services and broaden the scope of Islamic credit to Muslims.

Pelaksanaan Pembiayaan Murabahah di Koperasi Syariah Hayatussunnah Masjid Jami Mungsolkanas

Sharia Cooperatives are financial institutions that run their business based on sharia principles. One of the businesses that are run on Islamic cooperatives, namely financing. So the financing mechanism in Sharia Cooperatives must be in accordance with sharia principles, namely the principles of Islamic law based on fatwas issued by institutions that have authority in determining fatwas in the field of sharia. One of the Sharia Cooperatives that has sharia financing products and businesses is the Hayatussunnah Sharia Cooperative Jami Mungsolkanas Mosque. Of the many types of financing used by members of this sharia cooperative, murabahah financing is used. The purpose of this study was to determine whether the implementation of murabaha financing at Hayatussunnah Sharia Cooperative Jami Mungsolkanas Mosque conforms with the fatwa of the National Sharia Council of the Indonesian Ulema Council (DSN-MUI). The research method used in this research is descriptive qualitative method. The implementation of murabahah contract financing at Hayatussunnah Sharia Cooperative Jami Mungsolkanas Mosque in the perspective of the DSN-MUI fatwa can be said to be in accordance with sharia principles. .

THE INFLUENCE OF LEADERSHIP STYLE ON EMPLOYEES OF SURYA MANDIRI MUHAMADIYAH SURYA MANDIRI COOPERATION IN LHOKSEUMAWE

Sharia cooperatives have two backgrounds of establishment and activities that are almost as strong, namely as microfinance institutions and as Islamic financial institutions. Judging from the principles that exist in cooperatives, there is nothing that conflicts with Islamic law. This institution is in accordance with Islamic values. However, it is necessary to improve and monitor the cooperative system, namely, to avoid Riba, Maysir, Ghoror, Batil. Islamic cooperatives do not have a striking system difference with conventional cooperatives. Therefore, the legal umbrella used by sharia cooperatives generally uses the legal umbrella for conventional cooperatives, namely Law No. 25 of 1992 concerning cooperatives. This research is a type of qualitative descriptive research and in collecting data using observation interviews and documentation methods, there are data analysis techniques used, namely data reduction, data presentation, and drawing conclusions. The results of this study indicate that the Muhammadiyah Surya Mandiri Syariah Cooperative helps the Lhoksuemawe community in making savings and loans.

Conversion of Convensitonal Cooperatives to Improve the Islamic Economic

Purpose - This study aims to determine the influence of perceptions in terms of Islamic economics of converting cooperatives into Islamic cooperatives. Methodology/approach – This research is a quantitative descriptive type, a sample of 120 members and management of the Cooperative, research from August to October 2022, data were analyzed using validity and reliability tests and linear regression techniques. It Research findings, the results of this test obtained a tcount of 3.960 and a ttable of 1.981. The value of tcount > ttable means that there is an influence between the variables X and Y. The perceptions of members and management of cooperatives that convert Islamic cooperatives from an Islamic economic perspective have a significant effect on becoming Islamic cooperatives. Novelty/value – There are many factors that fail to convert sharia and do not develop sharia cooperatives. The novelty of this study examines the perceptions of Islamic economics in Muslim-majority areas.

Resource Mobilization and Financial Performance of Islamic Cooperative Societies in The South Western Nigeria

Resource mobilization is an integral part of Islamic cooperative societies through its products such as, share, savings, development levies, sales of stationeries, reserve, investment fund, zakat, sadaqah, takaful, waqf, sukuk, etc. This paper hereby examined the resource mobilization strategy as regards to its impact on the financial development of the ICSs in the south western Nigeria. Descriptive research methodology was employed in the analysis of data obtained from the randomly selected ICSs through their financial statement and their ‘key informants’. Three major checks were carried out, this include; members share capital in relation to the total assets of the ICSs, growth in savings rate and loan management of the societies. The result indicated a positive asset management, growth in savings and good loan management, which jointly determined economic development of the societies in the studied area. It was therefore recommended that ICSs should explore more means of funds mobilization such as waqf, sukuk, proper financial record keeping and government regulation mechanism to enhance their socio-economic development roles.

Digital Marketing Development Strategy of Sharia Cooperative

The development of Sharia Cooperatives faced obstacles due to the Covid-19 pandemic situation. Many people no longer use sharia cooperatives in carrying out their daily lives, especially the owner of business. This situation requires innovation by utilizing digitization technology. One of the form of technology that can be used is digital marketing, with digital marketing communications and transactions can be carried out at any time. This study focuses on mapping the characteristics of Islamic cooperatives and evaluating the performance of Islamic cooperatives as well as producing business strategy models for Islamic cooperatives. The method used is descriptive qualitative with SWOT analysis techniques. Sampling method use non-probability sampling (snowball). The participants in this study were the management of the Baiturrahman Mitra Umat Sharia Consumer Cooperative (KKS), Bojong Gede, Bogor, West Java, totaling 6 informants. The results of the study show that the Baiturrahman Mitra Umat KKS is a cooperative that has a strong and growing market. The Baiturrahman Mitra Umat PSC can carry out two types of strategies, namely intensive strategies and integrative strategies. Intensive strategies can be carried out by cooperatives in the form of market penetration and market and product development. The integrative strategy can be carried out by cooperatives in the form of forward integration, backward integration, and horizontal integration.
 Keywords: strategy, digital marketing, sharia cooperatives

Tax Obligations for Small and Medium Micro Enterprises (Umkm) References to PP Number 23 of 2018 (Case Study on Sharia Cooperative Business 45 in Mataram City)

This study takes the title: “Tax Obligations for Micro, Small and Medium Enterprises (MSMEs) based on PP Number 23 of 2018 Application of Government Regulation Number 23 of 2018 (Case Study on 45 Sharia Cooperative Businesses in Mataram City). The objective of the financial writer in this study is to analyze reports on the acceptance and competition of Sharia Cooperatives 45 and the calculation of Income Tax Article 4 Paragraph (2) of Government Regulation Number 23 of 2018 in fulfilling tax obligations on Sharia Cooperatives 45 in the city of Mataram. This study uses a case research method, namely the case that occurred in the 45 Sharia Cooperative for the fulfillment of tax obligations in the 2020 fiscal year. Based on and discussion, relating to the Calculation, Deposit, & Reporting Procedures for Islamic Cooperative Income Tax 45 are as follows: To find out the procedure for calculating, depositing and reporting PPh of Sharia Cooperative Board of Directors 45 has been carried out in accordance with the basics of recording/booking data of Sharia cooperatives 45 to deposit the amount of income tax payable of Rp. 357,886 and carry out annual SPT reporting e. Establish To compare between Government Regulation Number 23 of 2018 regarding Income Tax article 4 (paragraph 2) implemented by Sharia Cooperatives 45 in accordance with existing provisions. 45 Sharia Cooperative Enterprises has carried out its tax obligations by making payments and reporting taxes using the Annual Tax Return (SPT) on time.

Ekosistem Keuangan Syariah Pada Islamic Microfinance Instittutions Dengan Philantropy Ekonomi Islam Di Pesisir Utara Jawa

The purpose of this study was to determine what ecosystems exist in Islamic Microfinance Institutions. This research method uses descriptive qualitative using data processing to the maximum in 6 (Six) Islamic cooperatives in the North Coast of Lamongan. Analysis of existing data is the result of processing sourced from triangulation of data in the form of observations, interviews and documentation in order to produce real data. The results showed that the ecosystem in the Islamic Microfinance Institutions consists of Islamic Economic Phylanthropic Instruments including Waqf, Zakat, Infaq, and Shodaqoh. Other ecosystems include providing innovations in sharia financial products that can truly fulfill and increase financial inclusion in the North Coast of Lamongan.

Pengaruh Faktor Internal terhadap Kinerja Bisnis Koperasi Syariah (Survey terhadap unit Bisnis Koperasi Syariah di Bandung

The main problems of sharia cooperatives are 47%capital, 35%decrease in sales, and 8%production barriers. Based on the results of previous studies, information was obtained that; (1) Sharia Cooperative Business Unit that grows during Pandemic is only a savings and loan while another business unit is declined dramatically and even almost loss, (2) Sharia cooperative members in Bandung are very varied, there are business people, rural residents who are technology blind, members of higher education, Private employees who have been technology literate that need adjustment in the service process, (3) The profit sharing system that characterizes sharia cooperatives requires openness to the conditions of the customer's financial performance. Currently it only relies on trust, (4) Limitations of Distribution due to government policies that limit the entry and exit of people to avoid the transmission of the Covid Virus 19. This study was conducted with the aim of: 1). Knowing the internal factors of Islamic cooperatives in Bandung; 2). Knowing the performance of Islamic cooperatives in Bandung; 3). Knowing the effect of internal factors on the performance of the Islamic cooperative business. The method used in this study is the Explanatory Survey. Data processing techniques are carried out with the help of PLS ​​3.2 to find out the internal factors that affect the performance of sharia cooperatives. This research was conducted with One Shoot Cross Sectional. The approach used is a combination of quantitative and qualitative approaches. The results showed that the internal factors of Islamic cooperatives consisted of marketing, operations, human resources, finance in the good category. Performance factors consisting of profit growth, cooperative services growth in good categories while cost growth in the category is quite good. There is an influence of 60.20 % internal factors on positive and significant business performance.

Pengaruh SAK Syariah dan Audit Syariah Terhadap Kualitas Laporan Keuangan Koperasi Syariah Kota Medan

This study aims to see the effect of understanding Islamic financial accounting standards and sharia auditing board on the quality of financial reports. The population used in this study were all Islamic cooperatives in the city of Medan. This study uses quantitative methods, the data analysis technique used in this study is the Structural Equation Model (SEM) approach based on Partial Least Square (PLS). The structural model testing in PLS is carried out with the help of Smart PLS ver. 3 for Windows. The results showed that the effect of understanding Islamic financial accounting standards on the quality of financial reports has a path coefficient of 0.624. This shows that the higher the level of understanding of Islamic financial accounting standards, the better the quality of the resulting financial statements. Sharia audit has no significant effect on the quality of financial reports as assessed with a path coefficient of 0.107 and a T Statistics value of 0.636 0.05 (not significant), meaning that Islamic audit has no effect on the quality of financial reports.

DETERMINAN TATA KELOLA SYARIAH PADA BAITUL MAAL WAT TAMWIL (BMT) DI KOTA DEPOK

Sharia governance is a governance concept unique to Islamic financial institutions. This study aims to investigate the effect of organizational culture, organizational commitment, internal control, and education on sharia governance in Baitul Maal wat Tamwil (BMT). The respondents of this study were the staff of grade-A BMT in Depok City with a sample that was determined randomly. Data were collected through surveys and analyzed using the structural equation modeling (SEM) method using SmartPLS. The results of this study indicate that organizational culture, internal control, and education have a significant positive effect on sharia governance. On the other hand, organizational commitment does not have a significant positive effect on sharia governance. These results encourage Islamic cooperatives to maintain the organizational culture, internal control, and education of management. On the other hand, BMT must strengthen the organizational commitment of management, even though their tenure is not long, because strong organizational commitment can improve sharia governance.Keywords: Shariah governance, Organizational culture, Internal control, Organizational commitment, Education, and Batul Maal wat Tamwil (BMT)

ANALISIS UPAYA MENINGKATKAN MINAT ANGGOTA TERHADAP PEMBIAYAAN MURABAHAH DALAM PERSPEKTIF MANAJEMEN STRATEGI DI KOPERASI JASA KEUANGAN SYARIAH (KJKS) SHAKIRA ARTHA MULIA PURWAKARTA

Islamic Financial Institutions (LKS) that operate with a non-usury system do provide distinct benefits for Muslims apart from being muamalah and also seeking the pleasure of Allah SWT. LKS distributes funds to the public in the form of financing. The objectives of this study are: (1) To explain the management strategy used by KJKS Shakira Arha Mula Purwakarta in an effort to increase members' interest in Murabahah financing. (2) To explain what are the driving factors for KJKS Shakira Artha Mulia in implementing the management strategy used. Interest in the community is the main factor that must be owned to attract them to become a member of a group or just to be a user, people will have an interest in an object if they gain an understanding that is easy to accept and also has a realistic element. Here people are often not interested in new things while it can be a help for themselves. This condition can also be divided into non-bank Islamic financial institutions, namely Islamic Cooperatives. The research method in this research research uses qualitative methods. Then the data was analyzed using data analysis methods, data analysis proposed by Miles and Huberman. While checking the validity of the data using observation persistence and data triangulation techniques. Meanwhile, the supporting data is taken from Observations, Documentation, and Statements from Management and Members. The results of the research are: Strategic Management carried out to increase members' interest in financing products: 1) conducting market segmentation, 2) after setting the target market then doing positioning, then 3) carrying out the marketing mix and the strategy implemented is the 4P marketing mix (price, place, product, and promotion). The driving factors in increasing members' interest in murabaha financing products are divided into two classifications. There are internal factors and external factors. Internal Factors Include: Member Participation, and HR Management. The external factors include: Government provisions and policies for cooperatives, cooperative locations, and the KJKS Shakira Artha Mulia Purwakarta service system.

SHARIA FINANCIAL SERVICES COOPERATIVE IN REVIEW OF FIQH MUAMALAH

Microfinance institutions as one of the pillars of the Indonesian economy by providing financing to small businesses are expected to help in alleviating poverty in Indonesia. One of them is the Sharia Financial Services Cooperative (KJKS) which has sharia-based operational standards. This study aims to see how the KJKS in the Fiqh Muamalah Review. This study uses a literature study method by mapping the themes of previous studies. Search articles using the Google Scholar database with the keywords “fiqh muamalah” OR “fiqh muamalah” OR “fiqh muamalah” AND “sharia financial services cooperatives”. In the period 2017 to 2022, 61 articles were found which were then selected into 37 articles that were considered still relevant to the themes discussed. Of the 37 selected articles, they have been grouped into several themes: 1) Contracts in Islamic cooperatives 2) Sharia Cooperative Services 3) Supervision and Risk Management of Sharia Cooperatives 4) Conformity of the Concept and Relevance of Fiqh Muamalah in Financing Practices 5) Performance of DPS in Sharia Cooperatives. The results of this study are in principle KJKS has carried out operational activities by Fiqh Muamalah, operational activities based on sharia law, regarding human behavior in their lives which are obtained from Islamic arguments in detail. Operational activities of Sharia Financial Services Cooperatives or BMTs are supervised by the Financial Services Authority (OJK), Sharia Supervisory Board (DPS), and the Ministry of Cooperatives and SMEs in each of its activities, however, there are still KJSK that carry out operational activities that are not by fiqh muamalah, this is due to a lack of understanding. concerning fiqh muamalah in the activities of the Sharia Financial Services Cooperative.

The ethical paradox in Islamic cooperatives: A lesson learned from scandalous fraud cases in Indonesia’s Baitul Maal Wat Tamwil

This paper examines the value interplay and governance challenges among cooperatives, particularly operating in an extreme environment such as Indonesia’s BMTs (Islamic cooperatives). BMTs act as a “bridge” for small and medium enterprises to gain financial support unobtainable from more formal financial institutions. BMTs have experienced unprecedented growth in Indonesia. Recently, there has been an alarming increase in the instances and magnitude of fraud in BMTs. This paper is built on micro‐level evidence showing how value creation and disruption lead to fraud in cooperatives. The author focuses on a specific value interplay process to understand how fraud incidents disrupt internalised values and affect organisational governance. The findings indicate the challenges of the overlapping values in cooperatives in extreme organisational settings and the need for better alignment between micro and macro values to minimise fraud.

Analyzing the responsiveness of non-Bank financial institutions in digital marketing: a case study of Islamic cooperatives in West Nusa Tenggara, Indonesia

Purpose — This study aims to determine the level of responsiveness of Islamic cooperatives, namely BMT, in implementing digital media as a marketing tool in West Nusa Tenggara. Research method — The authors used a snowball sampling methodology to collect data using a descriptive qualitative method mixed with literature review.Result — This study found that BMT must take various steps in increasing market share, including website marketing, search engine marketing, social media marketing, online advertising, email marketing, and video marketing. However, in West Nusa Tenggara, BMT has not taken a step forward in digital marketing. Only a few organizations have begun to see the value of digital marketing.Significance/contribution/recommendation — Research related to the evaluation of BMT marketing using digital media is very limited. This study provides fascinating insights on BMT's digital marketing efforts, particularly in West Nusa Tenggara.