E-Business from Islamic Perspectives: Prospects and Challenges

This paper aims to examine e-business from Islamic perspectives. Among topics to be addressed in this paper, are e-business concepts, the legality of e-business from an Islamic point of view, prospects and challenges of Islamic e-business in a Malaysia context. This study introduces an Islamic e-business concept in addition to some interesting issues that can be found in this paper. In Islam, e-business is a permissible means of doing business provided it is performed in the boundary of Shariah Islamiyyah. More importantly, Islamic e-business provides services as permitted in the religion of Islam, in which they are deceit-free transactions and also free from gharar in a business transaction. All in all, this study provides fresh results of Islamic e-business, its prospects and challenges.