Issues in the application of e-wallet in Malaysia: a juristic analytical study

Mat Jubri@Shamsuddin, Mustafa and Sitiris, Miszairi and Mohd Yunus, Saidatolakma (2022) Issues in the application of e-wallet in Malaysia: a juristic analytical study. In: The 10th Islamic Banking, Accounting and Finance International Conference (iBAF 2022), 13-14 September 2022, Online.

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Abstract

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 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:	Conference or Workshop Item (Plenary Papers)
Uncontrolled Keywords:	E-wallet; Shariah; Issues; Contracts; Malaysia
Subjects:	BPC Science and Technology in Islam BPH Islamic Economics > BPH114.3 Halal industry science BPH Islamic Economics > BPH589.2 Riba - Interest 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 K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP173.25 Islamic law and other disciplines or subjects K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. > KBP639 Muʻāmalāt T Technology > T Technology (General) > T173.5 Technology and Islam
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
Depositing User:	Dr. Mustafa Mat Jubri @ Shamsuddin
Date Deposited:	20 Sep 2022 12:13
Last Modified:	20 Sep 2022 12:13
URI:	http://irep.iium.edu.my/id/eprint/99979

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