Comprehensive Approach for Sharia' Compliance E-Commerce Transaction

Mohd Zulkifli Muhammad () and Tamrin Amboala ()
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Mohd Zulkifli Muhammad: Universiti Malaysia Sabah- Labuan International Campus
Tamrin Amboala: Universiti Malaysia SabahLabuan International Campus

Journal of Internet Banking and Commerce, 2011, vol. 16, issue 1, 01-13

Abstract: There are growing concerns among e-commerce customers particularly Muslims in Malaysia regarding on-line transaction both from security aspect and Sharia’ perspective. There are two main issues arise concerning purchasing on-line using credit cards. First is the medium of transaction via on-line or Internet itself and secondly, the mode of payment being used to purchase online in which using credit card in this case. As Malaysia is heading towards e-commerce and purchasing on-line via credit cards has no longer a new trend; the challenges arise for solution which compliance with Sharia’ principles. This paper will address and highlight several challenges and issues and present recommendations based on the existing technology without overlooking legal provision provided in this country to solve the above concerns.

Keywords: E-commerce transaction; Sharia’ principles; credit card (search for similar items in EconPapers)
JEL-codes: L81 (search for similar items in EconPapers)
Date: 2011
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