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Analysis of Business Revenue Residual Sharing System in Cooperatives in Indonesia on Islamic Law Review: A case study at KSU Mitra Bersama in Palu City

Author

Listed:
  • Abidin Djafar

    (Fakultas Shari’a dan Ekonomi, Institut Agama Islam Negeri (IAIN) Palu, Indonesia.)

  • Lebba Kadorre Pongsibanne

    (Fakultas Usluhuddin, Universitas Islam Negeri (UIN) Syarif Hidayatullah Jakarta, Indonesia.)

Abstract

This study aims to explain profit sharing system in Mitra Bersama Cooperative in the Overview of Islamic Law. To achieve this objective, this research uses descriptive qualitative method by employing three data collecting techniques i.e. observation, interview, as well as documentation. The data of this research are obtained from the Chairman, the Secretary and the Employees of the Multipurpose Cooperative (KSU) Mitra Bersama. The results showed that the distribution of Business revenue Residual (SHU), at Mitra Bersama Cooperative, amounted to 5% which was distributed to all members of the cooperative in December. This sharing system displays no injustice and extortion disadvantageous to the cooperative’s members. It performs an open management system and shares the profits and losses to its members according to the prevailing regulations already known by all shareholders. We concluded that the system of the Business Revenue Residual (SHU) sharing at this Multipurpose Cooperative is permissible in Islam. Therefore, the results of this study can be used as a good model for Business Revenue Residual (SHU) sharing system which conforms to Islamic Law.

Suggested Citation

  • Abidin Djafar & Lebba Kadorre Pongsibanne, 2018. "Analysis of Business Revenue Residual Sharing System in Cooperatives in Indonesia on Islamic Law Review: A case study at KSU Mitra Bersama in Palu City," International Journal of Business and Social Research, LAR Center Press, vol. 8(2), pages 1-9, February.
    • Handle: RePEc:lrc:larijb:v:8:y:2018:i:2:p:1-9
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    References listed on IDEAS

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    1. Agyemang Badu Ebenezer & Michael Kwame Asiedu, 2013. "The Relationship Between Working Capital Management and Profitablity of Listed Manufacturing Companies in Ghana," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 3(2), pages 25-34, February.
    2. Agyemang Badu Ebenezer & Michael Kwame Asiedu, 2013. "The Relationship Between Working Capital Management and Profitablity of Listed Manufacturing Companies in Ghana," International Journal of Business and Social Research, LAR Center Press, vol. 3(2), pages 25-34, February.
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    More about this item

    Keywords

    business revenue residual sharing system; multipurpose cooperative; Islamic economy;
    All these keywords.

    JEL classification:

    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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