Universitas Islam Negeri Alauddin Makassar Proceedings, The 2nd International Conference on Science and Islamic Studies (ICOSIS-2024)

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STRENGTHENING THE ROLE OF SHARIA COOPERATIVES IN THE ECONOMIC EMPOWERMENT OF THE PEOPLE: ANALYSIS OF STRATEGIES AND CHALLENGES IN THE MODERN ERA
Ahmad Sandi, Muslimin H. Kara, Amiruddin K., Rahman Ambo Masse

Last modified: 2025-02-17

Abstract


Sharia cooperatives are financial institutions that adopt Islamic principles to create economic justice and community welfare. Its role is increasingly relevant in overcoming global economic challenges, especially for small and medium communities. This research uses a descriptive qualitative method, with techniques in using data, namely literature or literature. This study discusses the concept of sharia cooperatives, the underlying theoretical foundations, and the analysis of the role of sharia cooperatives in the economic empowerment of the people. The purpose of this study is to find out the extent to which sharia cooperatives play a role in the economic empowerment of the people and what strategies can be carried out by the parties in overcoming challenges in this modern era. By referring to previous research, this article identifies challenges such as low Islamic financial literacy, limited capital, and lack of technological innovation. Through a comprehensive discussion, this article offers strategies for strengthening sharia cooperatives, including public education, digitization of services, and strengthening regulations. In conclusion, sharia cooperatives have great potential to improve the economic welfare of the people, but synergy of various parties is needed to optimize their role.

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