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Potential Shariah Non-compliance Practices In E-bidding: Observation From E-bidding Platforms In Malaysia

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dc.contributor.authorMuhamad Azhari Wahiden_US
dc.contributor.authorKhairil Faizal Khairien_US
dc.contributor.authorHamdi Hakeim Mudasiren_US
dc.contributor.authorMuhammad Farid Hadhari Mahamed Rusdien_US
dc.contributor.authorAzuan Ahmaden_US
dc.contributor.authorMohd Zakhiri Md Noren_US
dc.contributor.authorAzrul Azlan Iskandar Mirzaen_US
dc.date.accessioned2024-05-28T06:36:35Z
dc.date.available2024-05-28T06:36:35Z
dc.date.issued2022
dc.date.submitted2023-1-19
dc.descriptionVOL.19 NO. 1 (JUNE) 2022 Page (120-139)en_US
dc.description.abstractE-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.en_US
dc.identifier.citationMuhamad Azhari Wahid, Khairil Faizal Khairi, Hamdi Hakeim Mudasir, Muhammad Farid Hadhari Mahamed Rusdi, Azuan Ahmad, Mohd Zakhiri Md Nor, & Azrul Azlan Iskandar Mirza. (2022). Potential Shariah non-compliance practices in e-bidding: Observation from e-bidding platforms in Malaysia. The Journal of Muamalat and Islamic Finance Research, 19(1), 120-139. https://doi.org/10.33102/jmifr.v19i1.419en_US
dc.identifier.doi10.33102/JMIFR.V19I1.419
dc.identifier.epage139
dc.identifier.issn1823-075X
dc.identifier.issue1
dc.identifier.spage120
dc.identifier.urihttps://jmifr.usim.edu.my/index.php/jmifr/article/view/419/290
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7296
dc.identifier.volume19
dc.language.isoen_USen_US
dc.publisherUSIM Pressen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Researchen_US
dc.subjectElectronic auction, electronic bidding, online auction, online bidding, Shariah non-complianceen_US
dc.titlePotential Shariah Non-compliance Practices In E-bidding: Observation From E-bidding Platforms In Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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