Bameswarablogs -- In our social lives, we often encounter associations or unions, both in the business world and in specific communities, one of which is cooperatives. According to the Great Dictionary of the Indonesian Language, a cooperative is defined as an association that aims to meet the needs of its members by selling everyday necessities at low prices and not for profit.
Including in Muslim or Islamic communities, there is something called the sharia cooperative system, usually the members of sharia cooperatives have an Islamic vision and mission where the main goal is to help each other and create the greatest possible benefit for the community.
A. Definition of Sharia Cooperatives
A sharia cooperative is a cooperative business entity that operates with principles, objectives, and activities based on the Quran and Hadith. In other words, a sharia cooperative is a business entity whose members are individuals or legal entities that base their activities on sharia principles, while also being a people's economic movement based on the principle of family. In general, this cooperative is a cooperative business entity that operates based on sharia principles.
All business units, products, and operations of this cooperative are conducted in accordance with the fatwa of the National Sharia Council (DSN) of the Indonesian Ulema Council. Therefore, the cooperative's operations will be free from elements of usury, gambling, and gharar. Furthermore, this business entity is prohibited from engaging in derivative transactions, as is the case with other Islamic financial institutions.
B. Legal Basis of Sharia Cooperatives
In its implementation, Sharia Cooperatives must abandon usury practices, such as the use of interest systems, in their business activities. They must not charge interest in their savings and loans, as usury clearly contradicts the spirit of partnership, justice, and environmental concern. The legal basis for Sharia Cooperatives is as follows:
1. Sharia cooperatives are based on Pancasila and the 1945 Constitution.2. Sharia cooperatives are based on family principles.
3. Sharia cooperatives are based on Islamic sharia, specifically the Quran and Sunnah, with mutual assistance and mutual support (takaful). Sharia cooperative businesses encompass all business activities that are lawful, good, beneficial (tayib), and profitable, with a profit-sharing system and free from usury, gambling, or uncertainty (gharar). To fulfill their functions and roles, Sharia cooperatives conduct their businesses as outlined in the cooperative business certification. Businesses conducted by Sharia cooperatives must comply with the fatwas and provisions of the National Sharia Council of the Indonesian Ulema Council and must not conflict with applicable laws and regulations.
C. Functions of Sharia Cooperatives
1. Help build the skills of members and the wider community to improve their socio-economic well-being.2. Develop the quality of the resources of the members involved so that they can be more consistent, trustworthy, and professional in implementing Islamic sharia values.
3. Help develop and realize a national economic system that prioritizes a people's economy and the principle of family.
4. Open employment opportunities.
5. Foster an entrepreneurial spirit, caring, and social sensitivity.
That concludes our explanation of sharia cooperatives. We apologize for any shortcomings. We hope this information is helpful. Thank you. See you next time...