Abstract—The article is a response to rapid uptake of online
transactions that encompasses the secure transactions that
comply with the Shariah principles. The algorithm in the
articles proposed the inclusion of Intermediate Shariah
Transaction Party (ISTP) as an intermediary for
communications between merchant and customers before the
transactions can be concluded. The design facilitates the
efficient and effective e-commerce transaction process to
alleviate three common shortcomings in e-commerce
transactions namely riba’, gharar and the validity and the
legality of e-commerce transactions from Shariah point of view
without compromising the security aspects of the transactions.
The designs were refined and presented before by the Islamic
scholars before the final design was agreed on. This invention
will become a major breakthrough in Shariah compliance ecommerce
transactions in order to serve 2.1 billion Muslims
Ummah worldwide.
Index Terms—Client, gharar, intermediate Shariah
transaction party, merchant, riba’, Shariah compliant.
Tamrin Amboala and Ainnur Hafizah Anuar Mokhtar are with the
Labuan School of Informatics Science, University Malaysia Sabah Labuan
International Campus, Federal Territory of Labuan, Malaysia (e-mail:
ramdzan_trn@yahoo.com, ain_146@hotmail.com).
Mohd Zulkifli Muhammad is with the Faculty of Entrepreneurship &
Business, Universiti Malaysia Kelantan, Kelantan, Malaysia (e-mail:
zulrider@yahoo.com).
Mohamad Fauzan bin Noordin and Roslina Othman are with Kuliyyah
of Information & Communication Technology, International Islamic
University Malaysia, Selangor, Malaysia (e-mail: fauzan@iium.edu.my,
roslina@iium.edu.my).
[PDF]
Cite:Tamrin Amboala, Ainnur Hafizah Anuar Mokhtar, Mohd Zulkifli Muhammad, Mohamad Fauzan bin Noordin, and Roslina Othman, "Development Method for Shariah Compliant e-Commerce Payment Processing," International Journal of Computer Theory and Engineering vol. 7, no. 5, pp. 408-415, 2015.
