Shariah-Compliant E-Payment Framework in Malaysia: Integrating Fiqh, Digital Security and Regulatory Governance

The emergence of online transactions and e-payment systems presents fresh challenges for Islamic scholars and researchers seeking to apply Shariah principles to the realm of e-commerce. With Malaysia's increasing adoption of e-commerce and online shopping, it becomes imperative to confront these challenges with Shariah-aligned solutions. This paper advocates for a comprehensive model that integrates a Shariah core framework, robust technical mechanisms, establishment of a regulatory body, and enactment of legal provisions to facilitate Shariah-compliant e-commerce transactions.

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Publication Details

Journal
Journal of Fatwa Management and Research
Published
2025-05-30
DOI
https://doi.org/10.33102/jfatwa.vol30no2.638
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
0.00
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Abstract

The emergence of online transactions and e-payment systems presents fresh challenges for Islamic scholars and researchers seeking to apply Shariah principles to the realm of e-commerce. With Malaysia's increasing adoption of e-commerce and online shopping, it becomes imperative to confront these challenges with Shariah-aligned solutions. This paper advocates for a comprehensive model that integrates a Shariah core framework, robust technical mechanisms, establishment of a regulatory body, and enactment of legal provisions to facilitate Shariah-compliant e-commerce transactions.

Journal of Fatwa Management and ResearchVol. 30(2)
Universiti Malaysia Terengganu (MY), Universiti of Malaysia Sabah (MY), Universiti Malaysia Kelantan (MY), Al-Balqa Applied University (JO), Universiti Teknologi MARA (MY)
Openalex Percentile: Top 83%
Islamic Finance and Banking Studies
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