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

Author

Listed:
  • Mohd Zulkifli Muhammad
  • Tamrin Amboala
  • Muhammad Zulfaris Mohd Salleh
  • Azwan Abdullah
  • Siti Nurzahira Che Tahrim
  • Noorshella Che Nawi

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.

Suggested Citation

  • Mohd Zulkifli Muhammad & Tamrin Amboala & Muhammad Zulfaris Mohd Salleh & Azwan Abdullah & Siti Nurzahira Che Tahrim & Noorshella Che Nawi, 2019. "The Application of Shariah Principle in E-commerce Transaction: A Model Development," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(2), pages 84-87, July.
    • Handle: RePEc:jfr:rwe111:v:10:y:2019:i:2:p:84-87
    DOI: 10.5430/rwe.v10n2p84
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