ENGLISH-ISLAMIC PERSPECTIVE OF E-COMMERCE TRANSACTIONS: A SOLUTION TO CONTEMPORARY COMMERCIAL PROBLEMS

Anita Ali; Muhammad Ishfaq; Huma Ali

Anita Ali M.phil, Hailey college of commerce, University of the Punjab, Lahore.
Muhammad Ishfaq Lecturer, Riphah International University, Faisalabad Campus
Huma Ali MBA,Hailey college of Banking and Finance, University of the Punjab, Lahore.

Keywords: E-commerce, Transactions, Issues, Islam

Abstract

E-commerce is a crucial aspect of the economy for firms that offer their goods or services online. E-commerce allows sellers or companies to target a wider audience than traditional retail. In the world of corporate technology, there has been tremendous expansion in recent decades. Technology is used by enterprises to gain a better position in the marketplace. The purpose of this research paper is to investigate Islamic viewpoints on e-commerce, notably in terms of transactions. It will also highlight the rights of the seller and customer according to Islamic law. The ethical perspective of E-Commerce in Islam will be investigated to explicit Muslims about how they might benefit from this new form of business. E-commerce contracts will also be analyzed in Islamic contract law that is crucial for business development and life improvement. This paper will attempt to set out the paradigm for Islamic E-commerce, emphasizing the important success elements and ethics that will produce positive outcomes and provide a solution to the contemporary commercial problems.