Maqasid Shariah HIFZ MAL in E-Wallet Application

Razali, Mastura; Mohd, Nurul’Ain; Hadigunawan, Nurhanisah; Saidon, Rafeah

doi:10.17576/islamiyyat-2021-4301-10

Cited by 8 publications

(7 citation statements)

References 11 publications

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“…Death Khairat Fund is viewed as lacking an explanation of its connection to Maqasid Shariah, which, if explained as a takaful trust, would allow the public to contribute to Death Khairat Fund in preparation for death with greater understanding. Razali et al (2020) conducted research on Maqasid Shariah as well; however, the focus of their investigation was on Maqasid's study of E-Wallet Application. Because it does not violate the Islamic law prohibitions against riba and gharar, using an electronic wallet as a payment transaction medium for the purchase of goods or services is consistent with the idea of hifz mal.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Property ownership can be obtained through employment, inheritance, and giving state property to the community, and property can also be received through donations such as grants, alms, and gifts (Ali Akbar, 2012). Every Muslim must use wealth wisely because Islam forbids his followers from misusing, wasting, possessing, and unlawfully spending wealth (Iswandi 2014: Razali et al, 2020). In this context, the Death Khairat Fund is a scheme not used for matters Syarak does not permit; rather, it is intended to help fellow Muslims who need funeral management services through joint savings.…”

Section: Death Khairat Fund According To Hifz Malmentioning

confidence: 99%

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Death Khairat Fund Principles and Practice In Kota Damansara Mosque According To Hifz Al-Mal

Shahbuddin,

Gunardi,

Ab Rahman

et al. 2023

j. ftw. mgt. res.

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The Death Khairat Fund, or the Death Khairat Money Scheme (DKMS), is a pure culture practiced among the Muslim community. Usually, this fund will be managed by the mosque institution to make it easier for the local community to make payments and get direct benefits in the event of death. This fund has become necessary for the average Muslim community in funeral management. This is because the benefit of this fund in providing equipment and assistance for complete funeral management has simplified the process of funeral management that needs to be done by the heirs. However, the study of the explanation of the Death Khairat Fund with any principle of Maqasid Shariah has not yet been studied, especially from the point of view of property protection (hifz mal). Therefore, this preliminary study analyses the relationship between the Death Khairat Fund and Maqasid Shariah. The researcher has succeeded in this study by using a qualitative method consisting of analysis of articles, newspapers, books, and interviews with the management of the Death Khairat Fund in the mosque, which was selected face-to-face has been done. As a result, the study found that the practice of Death Khairat Fund is very much in line with the concept of hifz mal from the point of view of Maqasid Shariah because the use of individual property in this fund can have a significant impact on the good of the people and does not lead to any harm and harm. A further study of the relationship between the Death Khairat Fund and other Maqasid Shariah concepts is necessary to see the extent of the importance and need of this fund from the Islamic perspective.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Death Khairat Fund According To Hifz Malmentioning

confidence: 99%

Death Khairat Fund Principles and Practice In Kota Damansara Mosque According To Hifz Al-Mal

Shahbuddin,

Gunardi,

Ab Rahman

et al. 2023

j. ftw. mgt. res.

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“…According to the scholars, money is something that is used as a price (thaman) by society. This definition explains that money is not limited to gold and silver and the main function of money is to measure the value of goods as well as a medium of exchange (Razali et al, 2021).…”

Section: E-money and E-wallet In Islamic Law Reviewmentioning

confidence: 99%

An Analysis of Islamic Business Ethics in E-Wallet in Indonesia with A Case Study of Go-Pay

Minarni

Asnawi

2022

J. Islam. Econ. Lariba

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This article aims to examine the E-wallet business from the perspective of Islamic Business Ethics. The reality in E-wallet transactions still raises pros and cons in terms of its validity according to the Islamic framework. This study uses a qualitative descriptive method and a phenomenological approach. The tendency of people in the industrial era 4.0 to use digital-based application services requires proper literacy for short and long term goals. The results of this study indicate that various types of E-wallet applications, one of which is Go-Pay, allegedly still contain things that are contrary to Islamic Business Ethics. This can be seen, among other things, in the provision of special discounts or free shipping for Go-Pay application users, as well as the deposition of user balances in conventional banks (ribawi banks). Contemporary scholars who argue that this transaction is permissible argue because the transaction uses a wadi'ah contract and is in the framework of paying ujrah in advance. Whereas the scholars who forbid the transaction argue that the transaction contract is qardh (debt receivable) so that if it brings out benefits in it then it is included in usury. In implementing Islamic business ethics in e-wallet cases, e-wallet users must pay attention to the validity of the contract according to Islam and the purpose of the transaction according to maslahah. As for e-wallet suppliers, they must prioritize aspects of transaction legitimacy, product halalness, honesty, responsibility and trustworthiness.

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“…13 Meanwhile, regarding Islamic digital payments, Razali et al show that the use of e-wallets as a medium for electronic transactions to purchase products or services is in line with the hifz mal concept. 14 However, Zulkefli et al argues that e-wallet implementation can involve several transactions and concepts that can trigger Sharia problems. Therefore, it is necessary to study the concept and its application by looking at the requirements of Sharia principles regarding the use of e-wallets for Muslim users.…”

Section: Introductionmentioning

confidence: 99%

Sharia E-Wallet: The Issue of Sharia Compliance and Data Protection

Hamsin,

Halim,

Anggriawan

et al. 2023

MNH

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Sharia digital payments have lately emerged as one of the most significant innovations and breakthroughs in the field of Islamic economics in Indonesia. However, behind the positive side of the use of sharia e-wallets, there is one thing that all parties involved need to pay attention to, which if ignored can become a double-edged sword for its users, namely compliance, security, and personal data protection. The paper aims to investigate how the Indonesian government regulates data privacy for Islamic e-wallet users. It also investigates the potential risks and challenges of Islamic digital payments particularly in regard to data protection. Besides, it also investigates whether or not the sharia e-wallet has complied with the Fatwa of National Sharia Council (DSN-MUI). The study used normative research methods employing statutory, case, and conceptual approaches. This study reveals that the use of sharia e-wallets in Indonesia is essentially in compliance with Islamic principles as stated in the Fatwa of the National Sharia Council. As for the protection of personal data, in fact, this has been regulated in a comprehensive manner by the government and related state institutions such as Bank Indonesia and the Financial Services Authority. However, the government still has work that must be considered in regard to the compliance of sharia digital payment operators with established laws and regulations, where in the event of the operators violated the use of data privacy, thus they will face a severe sanctions stipulated by the prevailed rule.

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Maqasid Shariah HIFZ MAL in E-Wallet Application

Cited by 8 publications

References 11 publications

Death Khairat Fund Principles and Practice In Kota Damansara Mosque According To Hifz Al-Mal

Death Khairat Fund Principles and Practice In Kota Damansara Mosque According To Hifz Al-Mal

An Analysis of Islamic Business Ethics in E-Wallet in Indonesia with A Case Study of Go-Pay

Sharia E-Wallet: The Issue of Sharia Compliance and Data Protection

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