Mobilising Islamic Social Capital: A Study on Cooperatives in Brunei Darussalam
Abstract
The cooperative movement has recently seen a resurgence in Brunei Darussalam. However, in its aspirations to become a Zikir nation, efforts should be made to ensure that cooperatives are consistent with the Shar??ah. Therefore, the aim of this paper is to study the operations of selected cooperatives in Brunei Darussalam to assess the Shar??ah compliance of its activities and transactions. This paper will also evaluate several aspects related to cooperatives such as the regulatory environment and human resources. The data is collected through in-depth interviews with the regulator from the cooperative registrar office and selected three cooperatives whose main activities are include providing loans to their members.