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Comprehensive Approach for Sharia' Compliance E-Commerce Transaction

Author

Listed:
  • Muhammad, Mohd Zulkifli

    (Universiti Malaysia Sabah- Labuan International Campus)

  • Amboala, Tamrin

    (Universiti Malaysia SabahLabuan International Campus)

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.

Suggested Citation

  • Muhammad, Mohd Zulkifli & Amboala, Tamrin, 2011. "Comprehensive Approach for Sharia' Compliance E-Commerce Transaction," Journal of Internet Banking and Commerce, , vol. 16(1), pages 01-13, April.
    • Handle: RePEc:ris:joibac:0378
    as

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    More about this item

    Keywords

    E-commerce transaction; Sharia’ principles; credit card;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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