The ethical paradox in Islamic cooperatives: A lesson learned from scandalous fraud cases in Indonesia’s Baitul Maal Wat Tamwil

• Main Author: Rahajeng, Dian Kartika
• Format: Article PeerReviewed
• Language: English
• Published: Cogent OA 2022
• Subjects: Corporate Governance and Stakeholder Engagement
• Online Access: https://repository.ugm.ac.id/282002/1/The%20ethical%20paradox%20in%20Islamic%20cooperatives%20%20A%20lesson%20learned%20from%20scandalous%20fraud%20cases%20in%20Indonesia%20s%20Baitul%20Maal%20Wat%20Tamwil.pdf; https://repository.ugm.ac.id/282002/; https://www.tandfonline.com/doi/epdf/10.1080/23311975.2022.2090208?needAccess=true
• Institution: Universitas Gadjah Mada

This paper examines the value interplay and governance challenges among cooperatives, particularly operating in an extreme environment such as Indonesia’s BMTs (Islamic cooperatives). BMTs act as a “bridge” for small and medium enterprises to gain financial support unobtainable from more formal fina...