Syirkah of Catfish, Profit or Loss?

Abstract

Syirkah catfish is formed from the belief in the strength of pilgrims and the desire to present a business model without usury. The purpose of this study was to find out how much the benefits and contributions of the Syirkah of catfish to the economy of pilgrims. This research was conducted in April 2018 - March 2019 in Makassar, South Sulawesi. Respondents who have interviewed directly, the data obtained were analyzed further using income analysis. The results of this study show that economically, this Syirkah catfish is a loss. The harvest target of 1.5 tons is not met from the seed stock of 15,000 seeds. But on an institutional basis, this Syirkah of catfish contributes where the losses incurred are shared equally. The absence of usury makes the loss experienced is not large. The return of joint capital after the harvest is sold at 70% of the value of the shares planted.