lunes, 3 de mayo de 2010

E-commerce in Islamic culture.

E-Commerce is spreading world-wide and many Muslims are wondering whether this new form of commerce is acceptable from the Syariah (Islamic Law) point of view (Norazlina Zainul).

First of all, the main concern of Muslims when talking about commerce, is the legitimacy of the contract and its transaction, therefore, the contract must be written and have to have witnesses, the Holly Book (Quran) specified this.

E-Commerce referred to the use of information and communication technologies to network economic activities and processes, in order to reduce information related to transaction costs to gain a strategic, information advantage, also, some of it quality values are accuracy and veracity, flexibility, convenience, contract standardization, speed, cost effectiveness.

This is accepted by the Quran ‘‘Allah showers his mercy and compassion upon the one
who is tolerantly flexible, both when buying and selling’’.

Like Zainul Osman said in his article, Islam said that the first goal of a Muslim doing business is to seek the pleasure of Allah and they should aim higher goal when they do business. This means that every business they do and their life, must be acepted and guided by the Holy Book, the Quran, since it contains the principles and guidelines related to all spheres of life.

Finally, to summarize, the Muslims, have to see if his intentions and the economic contract in general, is lined with the Quran and Sunnah and also, these intentions, should be for the sake of Allah, not merely for the worldly gained.

  • Norazlina Zainul, O. F. (2004). E-Commerce from an Islamic perspective (Master's thesis). Abstract retrieved from http://www.sciencedirect.com

1 comentario:

  1. I could not believe it when i read that Muslims were/are not allowed to use credit cards. I had never thought that it could be against Islamic Law.
    I think it would be a good idea to make a special credit card or method that is not as complicated as those that are allowed by the Quran to carry out a e-commerce transaction.

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