DEVELOPING SHARIA-BASED SCHOOL COOPERATIVE MODEL: A CASE STUDY IN AN INDONESIAN MADRASA

The phenomenon of school cooperatives in Madrasah Aliyah (MA), an Indonesian senior high school education level, is
consistently enacted using a conventional system. This condition is evidenced by the provision of loans using the interest system. In response to this issue, the study aims to develop a school cooperative model that uses sharia principles in an Indonesian
madrasa. The present study employed the ADDIE development model. The object of research is a school cooperative from an educational unit that has Islamic characteristics and is willing to be a partner to be developed by the research team. In this study, the study was situated at Madrasah Aliyah Al Hayatul Islamiah in Malang City, East Java Indonesia. Findings from the study
showcase that development of the sharia-based school cooperation model enables three salient aspects in the practice such as: 1)
through the practice of mudharabah financing for entrepreneurial students, it is succeeded in leading students to practice sharia
based school cooperatives, 2) the savings and loan business unit was successfully changed from the concept of interest to profit
sharing in sharing profits in cooperation, and 3) sharia-based school cooperatives can be used by students directly as an Islamic
based economic learning medium.