Transactions Via Modern Communication Tools: An Evaluation in the Light of Islamic Shar’ah
Abstract
The emergence of electronic commerce has brought massive development and a
significant increase in every aspect of business life worldwide. Important social
matters including financial transactions are now carried out and settled through
use of modern communication tools which include landline and wireless phones,
fax, telegram, telex, and internet. The latter has brought revolution in connecting
people via live web chats, video chats and conferencing. E-mail marketing is
also growing very rapidly as a new platform of business. Initially, commercial
activities conducted electronically were not, specifically, regulated because it
was commonly perceived that regulations might disturb and hinder the growth of
e-commerce. However, as a result of the notable expansion of electronic market
activities globally, many legal disputes and concerns have surfaced. This
indicates the need for regulations to govern the new activities. As a response to
such need, various countries and international organizations have introduced
rules and guidelines, based on their national laws. However, little has been done
to regulate the phenomena according to the decrees of the Islamic legal system.
The lack of specific Islamic rulings for the online market has discouraged many
Muslim traders and customers from participating in electronic commerce. The
present article therefore, aims to discuss validity of businesses transections
reached at via these tools.
Dr Miraj-ul-Islam Zia, Dr Muhammad Tahir. (2018) عصر حاضر میں جدید ذرائع مواصلات کے ذریعے خرید وفروخت کا شرعی جائزہ, Hazara Islamicus, Volume 7, Issue 1.
-
Views
735 -
Downloads
53
Next Article
