IDEAS home Printed from https://ideas.repec.org/a/apn/agregt/v6y2022i2p157-173id10348.html
   My bibliography  Save this article

Pay Later E-Commerce Development Phenomenon Review From Sharia Economic Point

Author

Listed:
  • Nurwahidah Firdaus
  • Eko Suyono
  • Dewi Susilowati3 Susilowati
  • Wahyudin Wahyudin

Abstract

Pay later is a financial technology (fintech) innovation that has the concept of buying now and paying later. The problem highlighted in Islam is that pay later leads to a consumptive lifestyle to be a spendthrift which is not recommended according to the Shari'a laws. The purpose of this study is to find out and dig deeper into the use of the right contract in e-commerce pay later transactions as well as to find out and dig deeper into Sharia-compliant etiquette in e-commerce pay later transactions. This paper is a causal relationship study that is using a qualitative approach. Data are collected through an archival study based on the literature. Based on the analysis this study concludes that online credit buying and selling contracts which are suitable with Islamic laws are Qardh and Murabahah contracts as the right and appropriate contracts to be applied in Pay later transactions. It is because Qardh and Murabahah are in accordance with the fatwa of Majelis Ulama Indonesia where the contracts explain how the delay in payment or debit transactions are carried out.

Suggested Citation

  • Nurwahidah Firdaus & Eko Suyono & Dewi Susilowati3 Susilowati & Wahyudin Wahyudin, 2022. "Pay Later E-Commerce Development Phenomenon Review From Sharia Economic Point," Agregat: Jurnal Ekonomi dan Bisnis, Universitas Muhammadiyah Prof. DR HAMKA., vol. 6(2), pages 157-173.
    • Handle: RePEc:apn:agregt:v:6:y:2022:i:2:p:157-173:id:10348
    as

    Download full text from publisher

    File URL: https://journal.uhamka.ac.id/index.php/agregat/article/view/10348
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:apn:agregt:v:6:y:2022:i:2:p:157-173:id:10348. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Susilo (email available below). General contact details of provider: https://journal.uhamka.ac.id/index.php/agregat/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.