Nowadays E-commerce plays an important role in business around the world, it is a new way to facilitate economic transactions that reduces cost and facilitate processes.
But for the muslims is not that easy and some are concerned about the legality of E-commerce according the Syariah law because for their religion in this new commerce are certain cultural issues such as absence of contact between the parties, short selling, payment of interest that is not allow in the Islamic religion and uncertainty that are consider very important topics when doing business.
However the islamism allows the muslims negotiate in the E-commerce according to the Islamic business, that rules imposed by that religion to negotiate does not have huge differences with the steps that others cultures have in the E-commerce; the steps Muslims should use are five: initiating a contract, confirming the validity, implementation , binding that means that both parties have to sign the contract and delivering.The fair trade and honesty are also funtamental pillars when doing business.
To clonclude Muslim people can also join this new technology but with certain recommendations imposed by their religion that in some circumstances limit this people to negociate worldwide and to grow in their business.
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Actually, it was kind of strange for me realizing that Muslims have so many rules for doing a commercial transaction. All the steps to follow makes it very complicated for conducting business.
ReplyDeleteStill, I think that is very interesting that despite all these problems e-commerce is, little by little entering the Muslim market, it makes me think of the great power that business have!