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E-wallet in Malaysia: a proposed structure of contracts according to the juristic adaptation (takyif fiqhi)

Mat Jubri@Shamsuddin, Mustafa and Sitiris, Miszairi and Mohd Yunus, Saidatolakma (2022) E-wallet in Malaysia: a proposed structure of contracts according to the juristic adaptation (takyif fiqhi). Malaysian Journal for Islamic Studies, 6 (2). pp. 15-37. E-ISSN 2550-2042

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The rapid growth of the financial industry in line with technological development leads to the emergence of e-wallet. E-wallet is an instrument of payment of goods or services electronically without the need to use cash. The use of e-wallet although still in its initial stages in Malaysia, is still subject to Shariah analysis. This study would like to analyze several Shariah issues in e-wallet, which aimed to measure the Shariah compliance, as well as to come out with some suggestions to improve its implementation. Among the research findings are the use of e-wallet is subject to origin of ruling in commercial transactions which is permissible, thus the Shariah analysis of it focuses on the circumstances that would make it forbidden, and the possible contracts between all contractors which include the user, the bank and non-bank issuer, and the third party have been discussed in the study with taking into consideration of juristic adaptations, conditions, and implications. Two methods will be used in this research, firstly the inductive method in collecting data, and the second is the analytical method in analyzing the data.

Item Type: Article (Journal)
Uncontrolled Keywords: E-wallet, Shariah, Juristic Adaptation, Contracts, Malaysia
Subjects: BPH Islamic Economics > BP600.22 Kaffalah contract - Quaranty
BPH Islamic Economics > BPH600.23 Wakalah - Contract Of Agency
BPH Islamic Economics > BPH600.34 Wadi'ah - Contract - Valuables Selfkeeping
BPK Islamic law. Shari'ah. Fiqh > BPK36 Islamic law (General) > BPK78 Usul al-fiqh > BPK109 Sources of Islamic law > BPK121 Ijtihad > BPK125 Applicability of Ijtihad. Instances of application
H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. > KBP639 Muʻāmalāt
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Depositing User: Dr. Mustafa Mat Jubri @ Shamsuddin
Date Deposited: 20 Dec 2022 13:09
Last Modified: 20 Dec 2022 13:09
URI: http://irep.iium.edu.my/id/eprint/102055

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