Halal Value Chain in the Holding Business: The Experience of Islamic-based School (Pesantren) in Indonesia

Abstract

This study constitutes a novel concept that provides a complete analysis of the holding business at an Islamic-based school (Pesantren) and the halal value chain. The halal value chain provides a standard for sharia-compliant production, distribution, or consumption activities. This case study was based in Pesantren Al-Rifa’ie, addressed in Malang East Java Indonesia. This study collected data through interviews, contract data, SOP, financial statements, BMT reports, and observation. The data were analyzed using the heuristic case study. The results showed that the holding business at Pesantren Al-Rifa'ie was in the form of a cooperative since it combines business units. The cooperative has funding, financing, and BMT activities. BMT is profit-oriented through establishing business units. Business units supporting the halal value chain were husbandry, bus rentals, and One Pesantren One Product (OPOP) starting from the input, process, and output. This research strengthens the New Institutional Theory and provides insight into the need for technical requirements to establish the company holding in Pesantren.

Financial Reporting Preparation Design Based on Sak Emkm

“…This qualitative case study provides detailed information [19] regarding the planning process for creating financial statements for Las Kopi MSMESs based on SAK EMKM. Primary and secondary data are used in this research.…”

“…Technical and source triangulation were the two triangulation methods used in this investigation. This study uses indepth interviews, participatory observation methods, and documentation on the same data source [19]. In this method, the researcher observes, speaks with, and records the informants statement to learn the contrasts and similarities between each piece of information used as study data.…”

“…In this method, the researcher observes, speaks with, and records the informants statement to learn the contrasts and similarities between each piece of information used as study data. Source triangulation is a data-gathering strategy that uses the same technique to gather data from many sources [19]. Using Las Kopi documents, transaction records, and other evidence, the researcher employs this technique to verify the accuracy of the data.…”