Financial Technology-Based Sariah Cooperative Development Strategy in Indonesia


  • Nawir Yuslem Departement of Law, Faculty of Sharia and Law, Universitas Islam Negeri Sumatera Utara
  • Andri Soemitra Departement of Islamic Economics, Faculty of Islamic Economic ans Bussiness, Universitas Islam Negeri Sumatera Utara
  • Elida Elfi Barus Departement of Islamic Economics, Sekolah Tinggi Agama Islam Al Islahiyah Binjai Sumatera Utara



sharia cooperative, sharia financial technology, collaboration, Interpretative Structural Modeling


Economic development instruments in Indonesia, namely the state, cooperatives and private companies for social welfare and the euphoria of sharia economic development, are characterized by the presence of sharia cooperatives. Although sharia cooperatives are growing rapidly, sharia cooperatives still experience many obstacles in their development, both in terms of capital and innovation related to the existence of financial technology (fintech). Based on this phenomenon, the purpose of this article is to analyze the development model of sharia cooperative financing based on Islamic financial technology (Fintech). The methodology in this study is qualitative research using the ISM method. Participants in this study were experts from AFSI, Fintech, Academia, the Office of Cooperatives and SMEs, OJK. KNEKS and Sharia Cooperatives. The results of the study provide several conclusions is the development model of sharia cooperatives based on sharia financial technology (Fintech) sharia with the ISM approach which is the focus of developing 9 elements as the keyword for the development of sharia cooperatives in Indonesia is as an instrument of economic development of the MSME community assisted by unbankable cooperatives.


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How to Cite

Nawir Yuslem, Soemitra, A., & Barus, E. E. (2022). Financial Technology-Based Sariah Cooperative Development Strategy in Indonesia. IQTISHODUNA: Jurnal Ekonomi Islam, 11(2), 207–222.