ABSTRACT : Cooperative (syirkah/syarikah) as a medium of paartnership,and brothership in a business is really appreciated by Islam. It is noted from the history of Islamic economy that syariah cooperative has begun since third century of hijriyah in Middle East and Middle Asia as what has been explained by an Islamic philosopher, al Farabi. Moreover, As-Syrakhsi in al-Mabsuth as quoted by M. Ne…