Assessment of the Level of Health of the Fitrah Insani Bandung Shariah Cooperative on the Aspect of Shariah Principles Compliance

Abstract

Purpose: this research aim to determine whether sharia cooperatives, such as the Fitrah Insani Bandung Sharia Cooperative, meet the criteria outlined in Perdep No 7 of 2016 regarding compliance with sharia principles. Design/methodology/approach: this research involves conducting a qualitative assessment of cooperatives' compliance with sharia principles, specifically focusing on the Fitrah Insani Bandung Sharia Cooperative within the KASFI context. The primary data required for this assessment is obtained directly from Kasfi management through data collection techniques, primarily interviews with management personnel.

Findings: the Fitrah Insani Bandung Sharia Cooperative meets the criteria for compliance with sharia principles, as outlined in Perdep No 7 of 2016. Based on the data collected directly from Kasfi management through interviews, the cooperative received a weight of 9, falling within the range of 7.51 - 10.00. Consequently, it was classified as healthy at the level of cooperative soundness in terms of compliance with sharia principles.

Research Implication: its potential to inform policy-making, drive capacity-building initiatives, enhance market confidence, stimulate further research, foster industry collaboration, and contribute to broader social and economic development goals within the cooperative sector. Originality/value: the originality and value of this research lie in its focus on sharia compliance within cooperatives, its practical application for stakeholders, its methodological approach, its benchmarking opportunities, and its contribution to the literature on cooperative health and sharia compliance.