Basic, Values and Principles

The basis of SMCS is the Shari'ah, epitomized by the rulings and principles enshrined in the Qur'an, Sunnah and Islamic commercial jurisprudence. All established Sharia'h rulings related to financial transactions are binding on all authorities and persons related to the cooperative. Any contract or transaction that violates any Shari'ah rule or principle shall, to the extent of its violation of the Shari'a, be void. SMCS shall operate based on the Islamic principles of Shura (consultation), transparence, accountability, cooperation and socio-economic justice. All members shall have access to full information regarding the affairs of the cooperative through channels prescribed by the SAMAHA Bye-Laws and/or agreed upon at