GuruAkuntansi.co.id This time we will discuss the importance of Shariah cooperatives and their functions, goals, principles and foundations. Here is the explanation…
Definition of Sharia cooperative
Sharia cooperative is a form of cooperative that has principles, goals and business activities based on Islamic Sharia, namely the Koran and Sunnah.
In general, this cooperative is a cooperative business entity that carries out its activities according to Sharia principles.
All business units, products and operations of the cooperative are conducted in accordance with the fatwa of the National Sharia Council (DSN) of the Indonesian Ulema Council.
Thus, there will be no elements of usurpation, society and ghare in this cooperative operation.
In addition, this business entity may not conduct different derivative transactions than other Islamic financial institutions.
The purpose of Shariah cooperatives is to help improve their members and the well-being of society in general and to develop the Indonesian economy in accordance with Islamic principles.
To better understand what a Shariah cooperative is, we can turn to the opinions of the following experts:
Po Nur S. Buchori (2008)
A Sharia cooperative is a type of cooperative that is economically successful for its members in accordance with Islamic norms and morals and is useful for creating brotherhood and justice in accordance with Islamic principles.
Po Soemitri (2009)
Sharia cooperatives are microfinance institutions that operate under a profit-sharing system to develop members of micro and small enterprises so that they can increase their level and dignity and defend the interests of the poor.
By Ahmad Ifham (2010)
Sharia cooperatives are cooperative activities that include all business activities that are legal, good, useful and profitable with a profit-sharing system and do not contain usury.
According to the Ministry of Cooperatives for SMEs RI from 2009 Article 1
A Sharia cooperative is a form of cooperative whose entire business is engaged in financing, saving in accordance with the pattern of profit sharing (Sharia) and investment.
Sharia principles of cooperation
In business, this cooperative has several principles that are in line with the Islamic concept. The principles of Shariah cooperatives are as follows:
- Wealth is the trust of Allah SWT and cannot be fully possessed by anyone.
- Everyone has the right and freedom to do so as long as he is in accordance with Sharia law.
- Man is the Caliph of God and successful on this earth.
- Advocate for justice and reject everything related to usurpation and the concentration of economic resources on a group of people.
Sharia Cooperative Foundation
This cooperative has a certain basis in carrying out its business activities, namely:
- It is based on Islamic Sharia, namely the Qur’an and the Sunnah through help (ta’awun) and mutual reinforcement (takaful).
- Based on the Pancasila and the 1945 Constitution.
- According to the principle of family and common interests.
Functions and roles of sharia cooperatives
Enis has certain functions that are not found in other types of cooperatives. The functions of sharia cooperatives are as follows:
- Build and develop all the potentials that exist in each of its members individually, and improve the socio-economic well-being of the community in general.
- Improve or enhance the quality of members’ human resources to make them more trustworthy, professional, consistent and consistent in implementing economic principles and Islamic policies.
- Strive to realize and improve the national economy, which is a joint effort on the principles of democracy and kinship.
- Become a forum or mediator that connects funders with fund users to make optimal use of funds.
- Strive to strengthen each member of the cooperative so that they can cooperate with each other in supervising the operations of the cooperative.
- Open and expand employment opportunities for members and the wider community.
- It helps in the growth and development of various productive efforts of the members of the cooperative.
Terms of business of sharia cooperatives
In the operational process, cooperatives must meet certain requirements, including:
- All activities in this cooperative are legal, good, useful and profitable business activities with a profit-sharing system.
- This cooperative must perform its function and the role of a business entity as stated in the cooperative’s certificate of operation.
- Any company run by this cooperative must comply with the fatwa and the provisions of the National Sharia Council of the Indonesian Ulema Council.
- Any company run by this cooperative must not be in conflict with the laws and regulations in force in Indonesia.
Thus a discussion of the importance of Shariah cooperatives and their functions, goals, principles and foundations. can be useful.