Islamic Cooperatives Seen as Pillar of Indonesia's Economic Independence at National Deliberation

The Indonesian Islamic Cooperative People (IKOSINDO) convened its 3rd National Deliberation and Seminar in Bogor, a strategic location near the capital, to consolidate and evaluate the nation's Islamic cooperative movement. The event, held from June 23-24, 2026, also served as a platform to discuss the role of these cooperatives in fostering economic independence amidst global challenges.

IKOSINDO's acting chairman, Wawan Wikasno, conveyed strong optimism about the future of Islamic cooperatives in Indonesia over the next five to ten years. He emphasized the need for enhanced government support, including official recognition and legitimacy, to ensure the optimal growth and accessibility of the Islamic economy, ultimately benefiting the wider community. Wikasno highlighted that IKOSINDO is open to all parties willing to contribute to building and strengthening Indonesia's Islamic economy, extending beyond just Islamic financial institutions.

The central theme of the deliberation, "Strengthening the Synergy of Professionalism and Collaboration of Islamic Cooperatives in Facing Global Crises and Promoting Indonesia's Economic Independence," addresses current global economic uncertainties. Wikasno explained that synergy and togetherness are fundamental principles in Islamic economics for building collective strength. He quoted a hadith, "The hand of Allah is with the congregation (jama'ah)," to underscore the importance of unity in economic endeavors.

Islamic cooperatives are seen as increasingly vital in the current economic climate, offering a more humane and equitable economic model based on the principle of mutual رضى (ridha, satisfaction) in transactions. IKOSINDO, with its extensive network across Indonesia, plays a significant role in national economic development, particularly in empowering Micro, Small, and Medium Enterprises (MSMEs). Beyond economic activities, IKOSINDO's Baitul Maal is also actively involved in disaster relief efforts across the archipelago. The organization is committed to championing a people-centered economy based on Islamic principles of mercy for all creation (Rahmatan lil 'Alamin) and encourages strong collaboration between Islamic cooperatives, the government, and business actors to strengthen the economic ecosystem.