Behavior intention analysis of e-money users: A study based on maqashid sharia and fatwa DSN MUI
List of Authors
  • Fahrurrozi , Mohammad Lathoif Ghazali

Keyword
  • Behavior Intention, E-Money, Maqhasid Sharia

Abstract
  • E-money can be used for various purposes such as online purchases, fund transfers, and financial transactions, providing convenience and efficiency in transactions by eliminating the need for physical cash. The development of new technologies and lifestyle changes have significantly influenced the development of electronic payment systems, also known as non-cash payments. The use of electronic money must adhere to Islamic principles of ethics and morality, avoiding transactions that are prohibited or harmful to others and prioritising the security and privacy of user data. This research involves a document review of electronic money instruments in Indonesia and the current advantages of electronic money with data collection by reading related literature. This article aims to analyse the behaviour intention of e-money users using maqhasid shariah approach and DSN MUI fatwa. The attitude of e-money users determines in carrying out economic activities, of course, what will be considered is the benefit for themselves and others, besides that the implementation of economic activities using e-money is influenced by the environment and the people around them, this is called subjective norms, (normative belief) and perceived behavioural control, There are two indicators to assess hifdz al-mal, namely macro indicators with a top-down approach, and micro focusing on a bottom-up approach, hifdz al-mal can be implemented in various aspects of life in the realm of finance and business practices, this concept emphasises ethical and responsible behaviour in acquiring, managing and distributing wealth, ensuring the welfare of individuals and society.

Reference
  • 1. Ahdiat, A. (2023). Shopping Trend Using Electronic Money Grows 1,000% in the Last 5 Years. Katadata.Co.Id. https://databoks.katadata.co.id/datapublish/2023/07/05/tren-belanja-pakai-uang-elektronik-tumbuh-1000-dalam-5-tahun-terakhir#:~:text=BI recorded%2C in April 2023, 8 million server-based units.

    2. Ajzen, I., & Fishbein, M. (1980). Understanding Attitudes and Predicting Social Behaviour. https://api.semanticscholar.org/CorpusID:142061533

    3. Al-raysuni, A. (2005). Imam al-Shatibi's Theory of the Higher Objectives and Intents of Islamic Law The International institute of Islamic Thought. 480.

    4. AlMasri, R. (2004). Islamic Banking and Interest: A Study of the Prohibition of Riba and its Contemporary Interpretation@@@مراجعة علمية لكتاب : العمل المصرفي الاسلامي والفائدة : دراسة في حرمة الربا وتفسيره المعاصر. Journal of King Abdulaziz University-Islamic Economics, 17, 35-38. https://api.semanticscholar.org/CorpusID:155293135

    5. Antonio, M. S., Laela, S. F., & Jazil, T. (2020). Abu Zahrah's Maqasid Sharia Model as a Performance Measurement System. Journal of Multiparadigm Accounting, 11(3), 519-541. https://doi.org/10.21776/ub.jamal.2020.11.3.30

    6. Aprianto, N. E. K. (2017). The Concept of Treasure in the Review of Maqashid Syariah. Journal of Islamic Economics Lariba, 3(2), 65-74.

    7. Ariffin, S. K., Abd Rahman, M. F. R., Muhammad, A. M., & Zhang, Q. (2021). Understanding the consumer's intention to use the e-wallet services. Spanish Journal of Marketing - ESIC, 25(3), 446-461. https://doi.org/10.1108/SJME-07-2021-0138

    8. Athoillah, M. A., Mohd Nor, M. R., Khoiruddin, H., & Rohimin, R. (2021). The Historicity of the Economic Verses on Fatwa of DSN-MUI about Sharia Electronic Money. Peuradeun Scientific Journal, 9(1), 1. https://doi.org/10.26811/peuradeun.v9i1.545

    9. Ayudya, A. C., & Wibowo, A. (2018). The Intention to Use E-Money using Theory of Planned Behaviour and Locus of Control. Journal of Finance and Banking, 22(2), 335-349. https://doi.org/10.26905/jkdp.v22i2.1691

    10. Azmi, H. S. N., & Kayadibi, S. (2011). Towards realising the Maqasid Al-Shariah: a critique of Islamic banking and finance practices. https://api.semanticscholar.org/CorpusID:166661911

    11. bin Saiman, M. Z. (2022). Determination Of Profit And Rebate In Deferred Transactions According To Maqasid Al-Shariah. Journal of Contemporary Islamic Studies. https://api.semanticscholar.org/CorpusID:253478109

    12. DeBono, K. G., & Omoto, A. M. (1993). Individual Differences in Predicting Behavioural Intentions from Attitude and Subjective Norm. Journal of Social Psychology, 133, 825-831. https://api.semanticscholar.org/CorpusID:143556090

    13. El-Gamal, M. A. (2006). Islamic Finance: Law, Economics, and Practice. https://api.semanticscholar.org/CorpusID:167119319

    14. FATWA DSN-MUI. (2017). Sharia Electronic Money. Fatwa of the National Sharia Council, 19, 1-12.

    15. Furqani, H., & Hamid, A. (2020). Muhammad Baqir al-Sadr's Distribution Concept and Its Comparison with Contemporary Distribution Justice Theory. Muqtasid: Journal of Islamic Economics and Banking, 10(2), 107-123. https://doi.org/10.18326/muqtasid.v10i2.107-123

    16. Giri, R. R. W., Apriliani, D., & Sofia, A. (2019). Behavioural Intention Analysis on E-Money Services in Indonesia: Using the modified UTAUT model. 65(Icebef 2018), 73-76. https://doi.org/10.2991/icebef-18.2019.17

    17. Goloborodko, A., & Lehominova, S. (2020). ELECTRONIC {MONEY} ({E}-{MONEY}) {AS} {A} {NEW} {FORM} {OF} {FINANCIAL} {AND} {ECONOMIC} {RELATIONSHIPS} {IN} {THE} {CONTEXT} {OF} {DIGITALISATION} {OF} {THE} {ECONOMY} {AND} {SOCIETY}. Economics: Time Realities, 4(50), 28-34.

    18. Hasan, Z., Jayanti, E. D., Azlina, N., Lestari, R., & Muslim, M. (2022). Prospect of Islamic Electronic Money in Indonesia: Case Study on the LinkAja Application. JESI (Indonesian Journal of Sharia Economics), 12(1), 1. https://doi.org/10.21927/jesi.2022.12(1).1-13.

    19. Hassan, M. (2017). Islamic Banking and Finance. Handbook of Empirical Research on Islam and Economic Life, 273-274. https://doi.org/10.4337/9781784710736.00019

    20. Herdiansyah, H. (2019). Al Muwafaqat, the masterpiece of Imam Ash-Syatibi. Das Solen, 3(01).

    21. Hoque, M. E., Susanto, P., Shah, N. U., Khatimah, H., & Mamun, A. Al. (2023). Does perceived behavioural control mediate customers' innovativeness and continuance intention of e-money? The moderating role of perceived risk and e-security. International Journal of Emerging Markets, ahead-of-p(ahead-of-print). https://doi.org/10.1108/IJOEM-06-2022-0914

    22. Indonesia, B. (n.d.). BANK INDONESIA REGULATION NO: 11/12/PBI/2009 ON ELECTRONIC MONEY. Bank of Indonesia. Retrieved 7 October, 2023, from https://www.bi.go.id/elicensing/helps/PBI_111209-Emoney.pdf

    23. Masood, O. (2011). Islamic Banking and Finance: Definitive Texts and Cases. https://api.semanticscholar.org/CorpusID:168608752

    24. Moh. Ah. Subhan ZA, Muhammad Lathoif Ghazali, A. Y. (2023). Maqashid Syariah: Theoretical Studies in the formation of DSN Sukuk Fatwa. Akademika, 17(1), 97-107.

    25. Mukrimaa, S. S., Nurdyansyah, Fahyuni, E. F., YULIA CITRA, A., Schulz, N. D., غسان, د., Taniredja, T., Faridli, E. M., & Harmianto, S. (2016). MAQA>S}ID AL-SYARI>'AH IN DSN-MUI ECONOMIC FATWA. In Journal of Primary School Teacher Education Research (Vol. 6, Issue August).

    26. Nengsih, N. (2019). ANALYSIS OF THE FATWA OF THE NATIONAL SYARI'AH DEWARD OF THE INDONESIA MAJELIS ULAMA (DSNMUI) ON SYARIAH ELECTRONIC MONEY (Study of BCA Flazz Card, Go-Pay, and Grab-Pay). Jurisdictie, 10(1), 56. https://doi.org/10.18860/j.v10i1.6594

    27. Nisa, K. (2018). Maqashid Al-Sharia Perspective of Nuruddin Al-Khadimi. Ushul Fiqh Course, 1-16.

    28. Nur Mahmudah, S., Ghozali, L., & Ritonga, I. (2022). Implementation of Sharia Maqashid on Sukuk Based on Fatwa Dsn-Mui/Ix/2020. Futura Islamic Scientific Journal, 22(2), 139-149. https://doi.org/10.22373/jiif.v22i2.12296

    29. Nurhisam, L., & Aprilianto, D. (2020). Hifdz Al-Maal in the Regulation of Banking Secrecy. TAWAZUN: Journal of Sharia Economic Law, 3(2), 217. https://doi.org/10.21043/tawazun.v3i2.8269

    30. Puteri, H. E., Arinda, N., Mulyana, C. A., Puspita, D. O., & Husna, V. A. (2022). Examining the Determinants of Using e-Money Prepaid Software for Millennial Generation. European Journal of Business and Management Research, 7(2), 183-191. https://doi.org/10.24018/ejbmr.2022.7.2.1358

    31. Sanuri. (2016). } FZ } AL-MA > L AS THE ETHICAL-MORAL BASIS IN REDUCING THE INCOME OF Poverty IN INDONESIA Sanuri * Introduction Poverty is a condition in which a person's income is not balanced with expenses or even does not have an established job. Maliyah, 06(01), 1187-1213.

    32. Sheeran, P. (2016). Intention-Behaviour Relations: A Conceptual and Empirical Review European Review of Social Psychology. March, 37-41.

    33. Siddiqi, M. N. (2006). Islamic Banking and Finance in Theory and Practice: A Survey of State of the Art. Banking & Insurance EJournal. https://api.semanticscholar.org/CorpusID:154794100

    34. Syifa, S. nurfadhilah, Udin Saripudin, & Redi Hadiyanto. (2022). Review of Fikih Muamalah and Fatwa DSN MUI Number 116/DSN-MUI/IX/2017 concerning E-Wallet Practices. Bandung Conference Series: Sharia Economic Law, 2(1), 114-121. https://doi.org/10.29313/bcssel.v2i1.222

    35. Alert, I. (2012). Accelerating the Adoption of Information Technology Transaction Systems to Increase the Accessibility of Banking Services. Journal of Finance and Banking, 16(1), 122-131.

    36. Zailani, M. N., Mohd Satar, N., & Zakaria, R. H. (2023). a Review of Indicators for the Preservation of Wealth (Hifz Al-Mal) Based on Maqasid Al-Shariah. Journal of Islamic Philanthropy and Social Finance, 5(1), 23-29. https://doi.org/10.24191/jipsf/v4n12022_23-29