E-Payment Model For Islamic E-Commerce

• Main Author: Al-Qudah, Musab Kasib Soliman
• Format: Thesis
• Language: English; English
• Published: 2008
• Subjects: HG Finance
• Online Access: https://etd.uum.edu.my/761/1/Musab_Kasim_Soliman_Al-Qudah.pdf; https://etd.uum.edu.my/761/2/Musab_Kasim_Soliman_Al-Qudah.pdf; https://etd.uum.edu.my/761/

The twenty-first century have witnessed several major technological renaissances and many technological achievements as well, which led to a competition among many countries to adapt this trend. Rapid development of E-payment model in the Internet is an innovative E-payment system developed and tested commercially. Actually E-payments are made in variety of ways and method of value exchange in E-commerce. However, there are some issues present in Shariah compliance E-payment model as illustrated in problem statement. Therefore, this study review current E-payment models, identify the requirements for E-payment model Shariah compliance, proposes Payment Model Shariah compliance adheres to Islamic principles. The system called O-IS-BS is an Islamic E-payment model using Internet technology. Finally a comparison between Islamic Shariah compliance E-payment model with other traditional E-payment models were presented.