Islamic Economics Analysis on E-Commerce Transaction Mechanism in Indonesia

DOI

10.2991/assehr.k.201113.031How to use a DOI?

Keywords

E-commerce, online transaction, Lazada, OLX, Islamic Economics

Abstract

E-commerce is the sale and purchase of goods or services through electronic media, commonly called online transaction. The sophistication and advancement of computer and internet have caused the emergence of a new commerce transaction mechanism. This paper aims to discuss and analysis e-commerce transaction in Indonesia in the Islamic economics perspective. Object of this research is two large online e-commerce sites namely Lazada and OLX. Findings of this research reveal that an e-commerce mechanism of the Islamic economics perspective requires fulfillment of certain key principles. They do not only relate to sharia’ legitimacy, but also concern about the fact that the sale and purchase transaction must be based on mutual agreement between the two parties. The online trading sites such as Lazada and OLX, have listed a formula of “terms and conditions” with regard to how the process of buying and selling has to be done precisely and cautiously, so that both sellers and buyers are safe from any fraud and harm. This research confirms to the permissibility of such an online trading transaction as this, according to the perspective of Islamic law, as long as both parties are confirmed of no harm and damage out of their transaction.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ruslan Abdul Ghofur
PY  - 2020
DA  - 2020/11/13
TI  - Islamic Economics Analysis on E-Commerce Transaction Mechanism in Indonesia
BT  - Proceedings of the 1st Raden Intan International Conference on Muslim Societies and Social Sciences (RIICMuSSS 2019)
PB  - Atlantis Press
SP  - 163
EP  - 168
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201113.031
DO  - 10.2991/assehr.k.201113.031
ID  - Ghofur2020
ER  -