Development Method for Shariah Compliant e-Commerce Payment Processing

Amboala, Tamrin; Mokhtar, Ainnur Hafizah Anuar; Muhammad, Mohd Zulkifli; Noordin, Mohamad Fauzan; Othman, Roslina

doi:10.7763/ijcte.2015.v7.995

Cited by 10 publications

(20 citation statements)

References 6 publications

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“…Al- Zahrani (2009) acceptance are consider whenever customer are click agree on term and condition apply before proceed to next transaction. Amboala et al (2015) similarly stated the merchant who propose (offer) their product or contract to the customer (second party) who later accept it and make a payment via online are considered as communicating parties and bounded. Based on Shariah, this contract in e-commerce is legitimate because both parties expressing their wills through words (act) and clear to both parties without coercion (Zainul et al, 2004).…”

Section: Offer and Acceptancementioning

confidence: 99%

E-Commerce Transaction in Hello Gold Investment: Islamic Investment Review

Ezahar¹,

Shuib²,

Rahim³

2020

Asian bus. rev.

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With advancing the digital platform, many investment plans were introduced to share the benefits and potential assets invested. This paper aims to seek to understand the e-commerce of gold investment transactions from the context of Shariah. The methodology adopted was interview and document research from the qualitative study. Review of existing literature sheds light on some conditions that must be adhered to in e-commerce gold investment are the four pillars of Islamic contracts consist of contracting parties, the price, offer, and acceptance, and subject matter. Gold investment also has its own standard criteria and regulations that must be fulfilled according to Shariah where the item gold has considered as ribawi item. The finding shows that Hello Gold launched the first online gold platform e-commerce through a new mobile application Smart Saver Plan as an automated 12-months savings plan that helps customers have a saving gold monthly with little effort. The features of e-commerce mobile applications are equipped with easy steps of gold purchasing which contain detailed registration, price, features of the gold specification, and method payment system. Term and condition also adhered to gain the consent of customer engagement in the transaction. Hello Gold is a recognized Shariah-compliant whereby it complies with BNM guidelines. The appraisal of these criteria and features justified the validity of Hello Gold Smart Saver Plan from Shariah review perspectives. The e-commerce of mobile application also meets the Shariah ruling transaction which in turn enhance the level of online trust among Muslim users.

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Section: Offer and Acceptancementioning

confidence: 99%

E-Commerce Transaction in Hello Gold Investment: Islamic Investment Review

Ezahar¹,

Shuib²,

Rahim³

2020

Asian bus. rev.

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“…Trade and commerce are significant parts of the Islamic legal system (Sharia) and business ethics (Amboala et al, 2015). Islam accedes to the importance of the business sector.…”

Section: Introductionmentioning

confidence: 99%

“…It is fair to say business lies in the heart of Islam (Azizan & Wahid, n.d.). Business accelerates the development of the nation (Amboala et al, 2015). Islamic history exemplifies that business is conducive and supportive to the merchant, beginning with successful merchants Prophet Mohammad (SWT) and his wife Khadijah (Azizan & Wahid, n.d.).…”

Section: Introductionmentioning

confidence: 99%

Exploring E-Commerce and Corporate Social Responsibility from the Sharia Point of View

Hossain

Ismail

Mahdzir

2021

Pak. J. Humanit. Soc. Sci

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This study discusses what is, and what is not a valid and legal contract in Sharia, considering certain stipulated requirements for the acceptability of a contract. It then considers the legality of e-commerce, whether it complies with those stipulated requirements. Business under Islam primarily fulfils a collective religious obligation and fulfil an enlarged scope of responsibilities. In this context, the protection of the e-consumers, the status of an e-commerce transaction and responsible e-commerce are discussed to expose to those who are wondering whether e-commerce is admissible from the Sharia point of view. So that they could benefit from e-commerce if it is proved as an admitted fact in Islam. The final section concludes with a plea for good judgment toward corporate social responsibility practice and avoiding prohibited materials in e-commerce.

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“…The change is the journey itself that will alter the motive of selling and purchasing. Many research about Islamic ecommerce only discuss in the perspective of customers [(M. B. Ribadu and W. N. W. A. Rahman 2016a), (Abdulgani andSuhaimi 2014), (M. A. Suhaimi et al 2013)], payment processing (Amboala et al 2015), sharia compliance [ , (Zainul, Osman, and Mazlan 2004), (Mokhtar et al 2013), (M. , (Ribadu and Wan Ab. Rahman 2017), (M. R. Muhammad, Muhammad, and Mohammed Khalil 2013)], aspect and challenges [ (Amin 2008), (Shah et al 2004), (Alotaibi and Asutay 2015)].…”

Section: Introductionmentioning

confidence: 99%

Hiijrah: Islamic E-Commerce Disurpted Strategy

Maika

Kautsar

2019

Economica

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<p>The aims of this research is to find an Islamic eCommerce disrupted strategy using 5C model. Our methodologies is a qualitative descriptive to evaluate and describe aspects of innovation based on 5C model. We propose a systematic approach to identify disruptive strategies of Prophet Muhammad displacing the big incumbent market and also provide commercialize the strategy for developing and implementing Islamic Commerce to be electronics. Hijrah is the best disruptive approach that was proven by Prophet Muhammad (PBUH) with the closing of the Bani Qainuqa market. He implemented 4C model commerce, collaboration, communication, connection, and only computation that He can’t. The state art of this research are the customers not only ‘go shopping’, but literally are shopping. While the sellers not only ‘go selling’ but Hijrah with the great intention. It is not only about adopting technology but also as a disrupted strategy.</p><p>Tujuan dari penelitian ini adalah untuk menemukan sebuah strategi diruptif eCommerce Islam menggunakan model 5C (Commerce, Collaboration, Communication, Connection, and Computing). Metodologi yang kami gunakan adalah deskriptif kualitatif, untuk mengevaluasi dan menggambarkan aspek inovasi berdasarkan model 5C. Kami menawarkan sebuah pendekatan sistematik untuk mengenali strategi disruptif Nabi Muhammad dalam menggusur pasar besar milik petahana dan juga menyediakan strategi komersil dalam mengembangkan dan menerapkan perdagangan Islam secara elektronik (Islamic e-commerce). Hijrah adalah pendekatan distruptif terbaik yang pernah dibuktikan oleh Nabi Muhammad Saw dengan menutup pasar Bani Qainuqa. Nabi Muhammad Saw menjalankan model 4C yaitu perdagangan, kolaborasi, komunikasi, koneksi, dan hanya komputasi yang tidak dapat dilakukan. Hasil temuan-temuannya menunjukan bahwa pelanggan tidak hanya untuk ‘berbelanja’, tapi ada tujuan lain memahami kaidah Ilmu sebelum amal dalam berbelanja. Sedangkan penjual tidak sekedar ‘berjualan’ namun berhijrah dengan nilai yang lebih agung. Hal ini tidak hanya perihal penggunaan teknologi tapi juga sebagai strategi disruptif.</p>

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Development Method for Shariah Compliant e-Commerce Payment Processing

Cited by 10 publications

References 6 publications

E-Commerce Transaction in Hello Gold Investment: Islamic Investment Review

E-Commerce Transaction in Hello Gold Investment: Islamic Investment Review

Exploring E-Commerce and Corporate Social Responsibility from the Sharia Point of View

Hiijrah: Islamic E-Commerce Disurpted Strategy

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