Akad in Digital Business: A Study of Fiqh Muamalah on Marketplace and E-Commerce

Muhammad Tang
Author ORCID iD
Institut Islam Al-Mujaddid Sabak, Tanjung Jabung Timur, Jambi, Indonesia
Nilfatri Nilfatri
Author ORCID iD
Institut Islam Al-Mujaddid Sabak, Tanjung Jabung Timur, Jambi, Indonesia
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Abstract

The development of digital technology has driven a major transformation in the business world, particularly through the emergence of marketplaces and e-commerce. This situation creates the need to reexamine the concept of contracts (akad) in Fiqh Muamalah so that they can be applied relevantly in the digital context. This article aims to examine the types of contracts that occur in marketplace and e-commerce practices and their conformity with Sharia principles. The research method used is library research by analyzing classical and contemporary literature on contracts, as well as fatwas from modern Islamic financial institutions. The study's findings show that digital transaction practices can be categorized into several types of contracts, such as bai’ (sale), wakalah (agency), and ju’alah (reward-based service), each of which can be adapted to Islamic legal provisions. By fulfilling the pillars and conditions of the contract and avoiding elements of uncertainty (gharar) and interest (riba), digital transactions in e-commerce can be categorized as valid according to Islamic law

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How to Cite

Tang, M., & Nilfatri, N. (2024). Akad in Digital Business: A Study of Fiqh Muamalah on Marketplace and E-Commerce. Zabags International Journal of Islamic Studies, 1(2), 62–68. https://doi.org/10.61233/zijis.v1i2.9
Published & Citation
2024-11-01
Vol. 1 No. 2 (2024): Islamic Studies
Copyright (c) 2024 The Author(s). This article is published by Zabags International Journal of Islamic Studies and distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0).
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