The Role of Sharia-Compliant Digital Payment Systems in Promoting Seller Honesty and Transparency in E-Commerce

Abstract

This study aims to examine the role of sharia-compliant digital payment systems in helping sellers maintain honesty and transparency on e-commerce platforms. Amidst the rapid development of the digital economy, sharia principles such as the prohibition of interest, uncertain risks, and opportunity-based financing have become obstacles to online transactions. This study used a descriptive qualitative method and collected data through literature review. The results indicate that sharia-compliant digital payment systems can strengthen transaction honesty through valid, clear contracts that comply with sharia law. Honesty in sharia-compliant fintech is an important foundation for preventing fraudulent practices and information manipulation. Furthermore, digital transparency in e-commerce is crucial for building buyer trust, particularly through seller verification, product reviews, and buyer protection. Digital platforms are also required to maintain data security and provide a reporting system that responds quickly to issues. By consistently implementing sharia-compliant digital payment systems, sharia-compliant digital payment systems can create a fair, sustainable, and meaningful business environment, as well as increase the competitiveness of halal micro, small, and medium enterprises (MSMEs) in the era of globalization. This study recommends collaboration between the government, Islamic scholars, and industry players to strengthen sharia-compliant financial regulations and education.