Model of O'Chicken Culinary Business Partnership in Indonesia (Sharia Financial System Perspective)

Abstract

One of the business expansion methods that many entrepreneurs choose is partnership. Partnership is cooperation between two or more parties on the basis of mutual need, mutual strengthening, mutual benefit and mutual support. Based on the Islamic financial system, partnership is a development of the form of syirkah. Syirkah or musharakah is a contract of cooperation between two or more parties by contributing capital with an agreement that the benefits and risks will be shared. O'Chicken culinary business as a pioneer of organic food business in Indonesia that carries the HalalanThayyban tagline has successfully developed its business through a partnership model that is different from the concept of partnership in general. This study aims to obtain a picture of O'Chicken's culinary business partnership model in Indonesia from the perspective of the Islamic financial system. This research is a qualitative research with a case study approach. This is based on that the O’Chicken culinary business partnership model shows a new phenomenon for the partnership model. To uncover the model, this study conducted interviews with informants from the O'ChickenRediaFrisnaRista as the director of 'Chicken' and Nana Purnawati as managers and from the partners represented by Hendra and Aulia. This research not only made observations but interacted directly with the managers of O’Chicken's culinary business partnerships. To answer the legal status of O'Chicken's culinary business partnership a literature study is used. The results of this study reveal that based on the Islamic financial system, the O'Chicken culinary business partnership model in Indonesia can be classified in the Ijarah contract. The O'Chicken culinary business partnership model with the Ijarah agreement can be submitted as a new sharia-based partnership model offer.