E-Commerce from an Islamic perspective

Abstract

Whilst E-Commerce is spreading world-wide, many Muslims are wondering whether this new form of commerce is acceptable from the Syariah (Islamic Law) point of view. Thus, this research paper is meant to study the Islamic perspectives in e-commerce, particularly in its transaction, as well as the rights of the producers and customers. Issues on the legality of E-Commerce in Islam are examined to expose to Muslims around the world so that they could benefit from this new technology if it is proved legal and acceptable in Islam. Regarding transactions, the issues of payment through credit card will be studied to clear the Muslims doubt on the Islamic prospect of E-Commerce. Moreover, the paper discussed about E-Commerce and Transaction, Business in Islam, E-Commerce in Islamic Perspective which will cover the legality of E-Commerce, Islamic Business Ethics in E-Commerce, Legitimacy of E-Commerce Contract, Types of Contract in Islam, The Validity of E-Commerce From Islamic View, and Payment for E-Commerce Transaction, Characteristics of Producers, Rights of Producer, and Rights of Consumer. This research paper concludes the above mentioned area with the support mainly from the Holy Book (The Quran) and the practices of Prophet Muhammad (peace be upon him).