![]() This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Jersey : Pricenton University Press, 1970. Partnership And Profit In Medieval Islam. Jakarta : Lembaga Studi Agama dan Filsafat, 1999. New York : Oxford University Press, 1982. ![]() Muhammad, Kebijakan Fiskal dan Moneter dalam Ekonomi Islam. Indiana: Muslim Students Association the United States and Canada, 1978. The Islamic Economic an Analitycal Study of the Functioning of the Islamic Economic System. Economic Development the Concept and its Goals in Muslim, the Muslim, December-March, 1997. Islamabad: The International Institute of Islamic Thought and Institute of Policy Studie, 1994. ![]() Qaherah: Al-Maktabah Tijāriyah al-Kubrā, 1938.Īl-Zarqa’, Ahmad. Jakarta : Departemen P & K, 1990.Īl-Jazīrī. Yogyakarta : UII Press, 2000.Īmim, Akhtar, The Structural Framework of the Economic System of Islam, Karachi: Proceeding of a Seminar Organized by the National Bank of Pakistan, 1990.Ī.W.Y, Tupanno. Islamic Banking and Interest of the Prohibition of Riba and its Contemporary Interpretation. Related to the issue of this paper discusses the development of sharia-based cooperatives.Ībdullah, Saeed. Therefore how should the cooperative development of sharia? Islamic products is how to offer, so that cooperatives can help the economy of the middle to lower. The basic problem is the system of interest that should not be practiced by MUI Fatwa September 2003, because of riba. Nevertheless the interest rate offered is lower than the cooperative banking interest. However during the course of the cooperative operates based on the system of interest, but the interest drawn by the cooperative finally returned to members as Time Results of Operations (SHU), so that the loans extended by the cooperative to members can be utilized. It can be seen from a different mechanism of capitalist economic system that promotes individual interests and personal gain alone. Cooperative as a pillar is a manifestation of economic democracy as outlined in Article 33 of the Constitution, 1945. The foundation of cooperation and togetherness that is contained in the cooperative to manage economic resources is a tool for people who are not able to escape from poverty, it is in line with expectations as Bung Hatta the father of the cooperative. ![]() Cooperative as one business entity that has evolved over 68 years in 2015. ![]()
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