Browsing by Author "Muhammad Farid Hadhari Mahamed Rusdi"
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Publication Potential Shariah Non-compliance Practices In E-bidding: Observation From E-bidding Platforms In Malaysia(USIM Press, 2022) ;Muhamad Azhari Wahid ;Khairil Faizal Khairi ;Hamdi Hakeim Mudasir ;Muhammad Farid Hadhari Mahamed Rusdi ;Azuan Ahmad ;Mohd Zakhiri Md NorAzrul Azlan Iskandar MirzaE-bidding has gained popularity in the modern world due to the technology advancement. Despite its popularity, contracting parties are exposed to Shariah non-compliance practices, which may lead to financial losses and disputes. Islamic jurisprudence provides guidelines assisting bidders and auctioneers in avoiding these practices. This study examines e-bidding platforms in Malaysia and highlights potential Shariah non-compliance issues based on Islamic jurisprudence guidelines. This study employs a qualitative data analysis method. Data are collected from the e-bidding platforms and their published documents. The findings revealed several practices that might lead to Shariah non-compliance issues in e-bidding platforms, including unverified bidders, elements of uncertainty, riba, gambling, and unavailability of khiyar (option). This study suggests several improvements to enhance procedures of e-bidding platforms to avoid financial losses and disputes among contracting parties in e-bidding. Hence, the improvement like verification of bidders, fulfilment of requirement for trading ribawi item, avoidance of element of uncertainty and gambling activities, and offering khiyar to successful bidder are suggested. - Some of the metrics are blocked by yourconsent settings
Publication Potential Shariah Non-Compliance Practices in E-Bidding: Observation from E-Bidding Platforms in Malaysia(Universiti Sains Islam Malaysia, 2021-08-23) ;Muhamad Azhari Wahid ;Azrul Azlan Iskandar Mirza ;Khairil Faizal Khairi ;Hamdi Hakeim Mudasir ;Azuan Ahmad ;Mohd Zakhiri Md NorMuhammad Farid Hadhari Mahamed RusdiE-bidding has gained popularity in modern world due to the advancement of technology. Despite its popularity, contracting parties are exposed to Shari’ah non-compliance practices which might lead to financial loss and dispute among contracting parties. Islamic jurisprudence provides guideline that may assist bidders and auctioneers to avoid these practices. This study aims to examine e bidding platforms in Malaysia and highlight potential Shari’ah non-compliance issues based on guideline offered by Islamic jurisprudence. This study employs qualitative data analysis method. Data are collected from the e-bidding platforms and its published documents which then are analyzed using content analysis. The findings revealed several potential Shari’ah non compliance practices in e-bidding platforms, among others are, unverified bidders, uncertainty, riba, gambling and unavailability of khiyar (option). Numbers of improvement are suggested to enhance procedures of e-bidding platform so that it will not lead to financial losses and dispute among contracting parties. Keywords: bidding; online bidding; electronic bidding; auction; online auction; electronic auction; Shari’ah non-compliance