IQTISHADIA
Vol 15, No 1 (2022): IQTISHADIA

The Contribution of Mosque-Based Sharia Cooperatives to Community Well-Being Amidst the COVID-19 Pandemic

Wartoyo Wartoyo (Department of Sharia Economics, Faculty of Islamic Economics and Business, Institut Agama Islam Negeri Syekh Nurjati, Cirebon, Indonesia)
Nur Kholis (Department of Manajemen Science, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Ampel Surabaya, Indonesia)
Ah. Ali Arifin (Department of Sharia Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Ampel Surabaya, Indonesia)
Nur Syam (Department of Sociology, Faculty of Social Science and Politics, Universitas Islam Negeri Sunan Ampel, Surabaya, Indonesia)



Article Info

Publish Date
28 Jun 2022

Abstract

Mosque-based sharia cooperatives are Islamic microfinance institutions with two unseparated financial and social missions. They have unique characteristics not found in other cooperatives and financial institutions and could become the ideal institutions for the community, especially in the COVID-19 pandemic. However, to date, researchers have neglected this phenomenon. Therefore, this study explores the contribution of mosque-based sharia cooperatives during the COVID-19 pandemic to the community’s well-being. The researchers employed participant observation and semi-structured interviews to collect the study data and then interpreted them using an inductive approach. This study showed that mosque-based sharia cooperatives had several critical contributions to community well-being during the pandemic, including cheap financing with the qardhul hasan contract, refinancing and rescheduling loan, delivering basic food packages through zakat funds and cross-subsidies, carrying out social services, and health education. The findings confirm previous research indicating that mosque-based sharia cooperatives significantly improved community livelihood. Furthermore, this study contributes to the expanded understanding that sharia cooperatives integrated with mosques augment their contributions to community well-being in the pandemic.

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Journal Info

Abbrev

IQTISHADIA

Publisher

Subject

Economics, Econometrics & Finance

Description

IQTISHADIA, particularly focuses on the main problems in the development of the sciences of Islamic Business and economics areas. It covers Islamic management, Islamic Banking, Islamic Marketing, Islamic Human Resources, Islamic Finance, Zakah, Waqf, Poverty Alleviation, Islamic Public Finance, ...