A Review of Sharia Economic Law on the Application of the Rule of Riba in Online Sales and Purchases on the Shopee and Facebook Platforms
- DOI
- 10.2991/assehr.k.220708.019How to use a DOI?
- Keywords
- Sale and Purchase; Online; Platform; Interest; Islamic Economy
- Abstract
Sale and purchase transactions are one of the most basic activities of humans to meet their needs. However, some modern transaction issues can perplex people, particularly those made through shopping platforms and social media. Among these issues are the rules governing riba (usury) in sale and purchase transactions. This can lead to the actors in the transactions falling into forbidden activities without even realizing it. This research is a descriptive qualitative literature review. Primary data were in the form of verses from the Qur’an and Prophetic traditions concerning riba, as well as secondary data in the form of literature and related studies. Based on the finding of this research, there are two types of riba in sale and purchase contracts: riba al-fadhl and riba an-nasi’ah. Both types are widely found in various online transactions, even though it is well understood that riba is haram and falls under the category of major sins. It is expected that by understanding these rules, online buyers and sellers will be more cautious with the transactions.
- Copyright
- © 2022 The Authors. Published by Atlantis Press SARL.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Nopi Indrianto AU - Andri Nirwana AN AU - Muhammad Khaeruddin Hamsin PY - 2022 DA - 2022/07/25 TI - A Review of Sharia Economic Law on the Application of the Rule of Riba in Online Sales and Purchases on the Shopee and Facebook Platforms BT - Proceedings of the International Conference on Islamic and Muhammadiyah Studies (ICIMS 2022) PB - Atlantis Press SP - 145 EP - 152 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.220708.019 DO - 10.2991/assehr.k.220708.019 ID - Indrianto2022 ER -