Strategies for Strengthening Islamic Cooperatives through Improving Sharia-Based Management Performance: Case Study at KSPPS Surya Utama Nusantara

Abstract

Cooperatives are economic entities that play an important role in the Indonesian economy. This research is important and urgent due to the many challenges faced by Islamic cooperatives in effectively implementing sharia principles. Although Islamic cooperatives have great potential to support inclusive and sustainable economic growth, various barriers such as low Islamic financial literacy, lack of competent human resources, regulatory challenges, and limited technology adoption hinder the optimization of the role of Islamic cooperatives. This research methodology uses a qualitative approach with in-depth interviews and financial statement analysis. The results show that strengthening Islamic cooperatives through improving financial literacy, developing human resources, strengthening regulations, and adopting digital technology can improve profitability, operational efficiency, and member engagement. The consistent application of sharia principles in cooperative operations is proven to improve the performance and sustainability of Islamic cooperatives. The implications of this research provide practical guidance for Islamic cooperative boards, policy makers, and other stakeholders in developing more effective and highly competitive Islamic cooperatives amid dynamic economic challenges.