Legal Issues in E-Wallet Practices
E-Wallet has been applied in Muslim and non-Muslim jurisdictions in many parts of the world including Malaysia, China, India, and Korea. The application is widely used and has raised questions with regard to legal and shariah issues. This paper aims to analyse specifically, legal issues affecting e-...
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my.uum.repo.288322023-06-19T15:26:38Z https://repo.uum.edu.my/id/eprint/28832/ Legal Issues in E-Wallet Practices Md Noor, Mohd Zakhiri Mohamed Naim, Asmadi Muhamed, Nurul Aini Mirza, Azrul Azlan Iskandar Ahmad, Azuan S. Ali, Shahrul Ridhwan A. Shukor, Abdul Rahman K Law (General) E-Wallet has been applied in Muslim and non-Muslim jurisdictions in many parts of the world including Malaysia, China, India, and Korea. The application is widely used and has raised questions with regard to legal and shariah issues. This paper aims to analyse specifically, legal issues affecting e-wallet practices. This paper adopted a qualitative research approach. The data collected include document reviews, ethnographical interviews and observations. This study found several legal issues related to e-wallet inter alia, an unclear position on the liability of board directors of e-wallet operators, breach of mandate and exclusion of liability of e-wallet operators. As e-wallet is important as an enabler to increase financial inclusion, it is important to address the legal issues on e-wallet to enhance good governance and best practices of e-wallet in Malaysia. The findings from this paper can be used as a basis for policymakers including scholars in the formulation of guidelines on legal and shariah compliance of e-wallets. UUM Press 2021 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/28832/1/UUMJLS%2012%2002%202021%20229-252.pdf Md Noor, Mohd Zakhiri and Mohamed Naim, Asmadi and Muhamed, Nurul Aini and Mirza, Azrul Azlan Iskandar and Ahmad, Azuan and S. Ali, Shahrul Ridhwan and A. Shukor, Abdul Rahman (2021) Legal Issues in E-Wallet Practices. UUM Journal of Legal Studies (UUMJLS), 12 (02). pp. 229-252. ISSN 2229-984X https://e-journal.uum.edu.my/index.php/uumjls/article/view/15597 https://doi.org/10.32890/uumjls2021.12.2.10 https://doi.org/10.32890/uumjls2021.12.2.10 |
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E-Wallet has been applied in Muslim and non-Muslim jurisdictions in many parts of the world including Malaysia, China, India, and Korea. The application is widely used and has raised questions with regard to legal and shariah issues. This paper aims to analyse specifically, legal issues affecting e-wallet practices. This paper adopted a qualitative research approach. The data collected include document reviews, ethnographical interviews and observations. This study found several legal issues related to e-wallet inter alia, an unclear position on the liability of board directors of e-wallet operators, breach of mandate and exclusion of liability of e-wallet operators. As e-wallet is important as an enabler to increase financial inclusion, it is important to address the legal issues on e-wallet to enhance good governance and best practices of e-wallet in Malaysia. The findings from this paper can be used as a basis for policymakers including scholars in the formulation of guidelines on legal and shariah compliance of e-wallets. |
format |
Article |
author |
Md Noor, Mohd Zakhiri Mohamed Naim, Asmadi Muhamed, Nurul Aini Mirza, Azrul Azlan Iskandar Ahmad, Azuan S. Ali, Shahrul Ridhwan A. Shukor, Abdul Rahman |
author_facet |
Md Noor, Mohd Zakhiri Mohamed Naim, Asmadi Muhamed, Nurul Aini Mirza, Azrul Azlan Iskandar Ahmad, Azuan S. Ali, Shahrul Ridhwan A. Shukor, Abdul Rahman |
author_sort |
Md Noor, Mohd Zakhiri |
title |
Legal Issues in E-Wallet Practices |
title_short |
Legal Issues in E-Wallet Practices |
title_full |
Legal Issues in E-Wallet Practices |
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Legal Issues in E-Wallet Practices |
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Legal Issues in E-Wallet Practices |
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legal issues in e-wallet practices |
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UUM Press |
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2021 |
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https://repo.uum.edu.my/id/eprint/28832/1/UUMJLS%2012%2002%202021%20229-252.pdf https://doi.org/10.32890/uumjls2021.12.2.10 https://repo.uum.edu.my/id/eprint/28832/ https://e-journal.uum.edu.my/index.php/uumjls/article/view/15597 https://doi.org/10.32890/uumjls2021.12.2.10 |
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