COTABATO CITY – Member of Parliament (MP) Abduladzis M. Esmael, Al-Haj, one of the principal authors of the Bangsamoro Cooperative Code (BCC), convened stakeholders and concerned agencies to initially draft the Bangsamoro Cooperative Code in a three-day consultation meeting at the Bangsamoro Transition Authority Extension Office.
Representatives of various cooperatives, the Cooperative and Social Enterprise Authority, BARMM ministries, Islamic scholars, and some academicians attended the said activity from June 15 to 17
MP Esmael said it is important to gather experts in the field of legislation, fiscal policy, and Islamic teachings to help cooperatives and social enterprises become stable and sustainable in its operations.
“Your participation and your most sought expertise are called for in helping to frame the fundamentals of the cooperative code of the Bangsamoro especially in attempting to integrate Shariah-compliant provisions that will pave the way to Riba-free cooperative and social enterprise systems,” he said.
Majority Leader Atty. Lanang Ali Jr., also a member of the Parliament and co-author of the said bill, reiterated that the proposal for the creation of a Code directed towards helping cooperatives grow its scope and improve its systems, is one of the priority legislations of Chief Minister Ahod Ebrahim.
He also underscored the importance of consultations among experts and officials of the Bangsamoro Autonomous Region to properly resolve issues and acquire support for the bill’s swift passage.
“I congratulate MP Esmael as he took off with a good start, particularly in leading in the crafting of the proposed Bangsamoro Cooperative Code” he said.
If passed, the Code will capacitate cooperatives and
other social enterprises through relevant training and monitoring and
evaluation procedures, which is guided by Islamic principles and moral
governance. (MOHAMADAN ABDULKASAN, MINDANAO EXPOSE’)
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