IDEAS home Printed from https://ideas.repec.org/a/lrc/larijb/v8y2018i2p1-9.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://thejournalofbusiness.org/index.php/site/article/view/1093/678
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anokye M. ADAM & Edward QUANSAH & Seyram KAWOR, 2017. "Working Capital Management Policies And Returns Of Listed Manufacturing Firms In Ghana," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 64(2), pages 255-269, June.
    2. 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, MIR Center for Socio-Economic Research, vol. 8(2), pages 1-9, February.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lrc:larijb:v:8:y:2018:i:2:p:1-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Al Hossain (email available below). General contact details of provider: http://www.thejournalofbusiness.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.