Purpose – This paper analyses a case study of Islamic cooperative and the problems it faced in the Islamic financial system of Indonesia. Accordingly, it proposes a financing innovation, an enhanced structure of Shari`ah compliant hawalah financing scheme, which could improve operations of the...

The challenge for Islamic Finance institutions is to find solutions and develop programs helping to invest these funds in supporting projects, SMEs, and entrepreneurship. In this paper, a documental collection, revision, and analysis were performed to catch the best practices and experiences...