The Application of Shariah Principle in E-commerce Transaction: A Model Development

Mohd Zulkifli Muhammad, Tamrin Amboala, Muhammad Zulfaris Mohd Salleh, Azwan Abdullah, Siti Nurzahira Che Tahrim and Noorshella Che Nawi

Research in World Economy, 2019, vol. 10, issue 2, 84-87

Abstract: Issues concerning purchasing on-line, the medium of transaction via on-line or Internet, e-payment mode are among new challenges that require Islamic scholars and researchers to broaden the scope of definition of Shariah compliance e-commerce transaction. As Malaysia is heading towards e-commerce and purchasing on-line has no longer a new trend; the challenges arise for solution in accordance with Shariah principles. This paper will propose a model that comprises several components namely, the core Shariah component itself, sound technological means and regulatory body that supports e-commerce transactions.

Keywords: E-commerce transaction; E-payment; Islamic finance; Shariah principles (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciedu.ca/journal/index.php/rwe/article/view/15875/9877 (application/pdf)
http://www.sciedu.ca/journal/index.php/rwe/article/view/15875 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jfr:rwe111:v:10:y:2019:i:2:p:84-87

DOI: 10.5430/rwe.v10n2p84

Access Statistics for this article

Research in World Economy is currently edited by Gina Perry

More articles in Research in World Economy from Research in World Economy, Sciedu Press
Bibliographic data for series maintained by Gina Perry ().