Sharia Cooperative · 9 min read
Sharia cooperatives, and why the contract is settled up front
Rangga Irawan, MBA
"Cooperative" often conjures images of manual ledgers, slow processes, and outdated bureaucracy. A digital KSPPS is something entirely different.
Why sharia?
Sharia principles are not only about religion. They are about transparency and fairness. Terms are clear from the start, margins are disclosed, and there's no compounding interest. For all employees, sharia offers a more equitable financial alternative.
Financial products
- Murabahah: Financing with a clear, fixed margin for employee needs.
- Wadiah: Secure savings accessible at any time.
- Qard Hassan: Zero-margin emergency loans.
A digital sharia cooperative is not CSR. It closes one of the reasons people quit, rather than adding another programme.
Supervised by a Sharia Supervisory Board for contract compliance. Modern, digital, and transparent.