Abstract
This study is conducted to explore the exposure of cashless tools usage by entrepreneurs and to relate it is usage with the comprehension of Maqasid al-Shariah. The main approach to fulfil the objectives of study is qualitative approach. This study has supported by seven Kelantan’s entrepreneurs from some of business background. The findings indicated that the cashless tools usage majority have been exposed by Kelantan’s entrepreneurs. Specifically, the usage if cashless tools brings the positive impact not only for the well-being of their business and Maqasid Shariah. It can be concluded that the usage if cashless tools by entrepreneurs can lead to comprehension of Maqasid Shariah.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Al-Mubarak, T., Osmani, N.M.: Applications of Maqasid al-Shari’ah and Maslahah in Islamic Banking practices: Analysis (2010)
Aremu1, Y.S., et al. CBN cashless policy: does it financially include micro-entrepreneurs in informal sector? Empirical verity from Ogun-State, Nigeria. Am. J. Econ. 5(6), 595–608 (2015)
Parveen, S., Bharadwaj, S.: A Study to Determine the Impact of Cashless Economy on Micro and Small Scale Entrepreneurs of Moradabad (2017)
Misango, S.B.: Analysis Of Knowledge And Competence On Adoption Of Cashless Payment System Among Passenger Service Vehicles In Nairobi City County, Kenya (2016)
Hurayra, M.A.: Achievement of Maqasid-al-Shari`ah in Islamic Banking: An Evaluation of Islamic Bank Bangladesh Limited (2015)
Aremu, Y.S., et al.: Sociological implications of cashless policy on women entrepreneurs in Nigeria. Int. J. Asian Soc. Sci. (2013)
Ukpong, O.U., Friday, A.: Cashless Economic Policy and Sustainable Development in Nigeria Economy: The Missing Links (2012)
Ravi, C.S.: Digital payments system and rural India: a review of transaction to cashless economy. Int. J. Commer. Manage. Res. 3(5) 169–173 (2017)
Bayero, M.A.: Exploring the link between financial inclusion and women entrepreneurship (2015)
Hitt, M.A., et al.: Strategic Management: Competativeness & Global. Australia, Engage Learning (2015)
Onyeagba, J.B.C., Ilokanulo, N.S.: Impact Of Cashless Banking System Of Payment On Entrepreneurial Activities In Anambra State (2015)
Shehu, F.M., Nor, H.B.A., Al-Aidaros, A.H., Islamic entrepreneurship in the light of Maqasid Al-Shari’ah: a critical review. J. Soc. Dev. Sci. 6(4), 6–14 (2015)
Ebeiyamba, O.J.: Effect of cashless economy on micro and small scale businesses in Nigeria. Eur. J. Bus. Manage. 6(1), 101–106 (2014)
Abbas, A.E.: Literature Review Of A Cashless Society In Indonesia: Evaluating The Progress. Cabaran golongan belia menceburi bidang keusahawanan kajian kes: parit raja, Batu Pahat, Johor: Muhammad Fadir Ibrahim (2017)
Vejzagic, M., Smolo, E.: Maqasid Al-Shari’ah inIslamic finance: an overview (2011)
Afridi, M.A.K.: Maqasid Al-Shari’ah andPreservation of Basic Rights Under The Theme Islam And Its Perspectives On Global & Local Contemporary Challenges (2016)
Muhammad, M., et al.: Towards Shari’ah compliant e-commerce transactions: a review of Amazon.com. Middle-East J. Sci. Res. 15(9), 1229–1236 (2013)
Merza Radhi, D.S., Sarea, A.: Evaluating financial performance of Saudi listed firms: using statistical failure prediction models. Int. J. Bus. Ethics Governance 2(1), 1–18 (2019)
Onyeagba, J.B., et al.: Impact of cashless banking system of payment on Entrepreneurial activities in Anambra State. IJMPAS (2015)
Abdel, Y.M., Tarsany, R.: Protectionof Life In Islamic Law (2016)
Shagufta Parveen, D.S.B.: A study to determine the impact of cashless economy on micro and small scale entrepreneurs Of Moradabad. In: Proceedings of International Conference (2017)
Mohammad, M.O., Shahwan, S.: TheObjective of Islamic Economic and Islamic Banking in Light of Maqasid Al-Shariah: A Critical Review (2015)
Zainul, N., Osman, F., Mazlan, S.H.: E-Commerce from an Islamic perspective. Electron. Commer. Res. Appl. 3(3), 280–293 (2004)
Acknowledgement
This paper is part of Islamic Banking and Finance Final Year Project. The analysis and findings have been complete by Student Final Year. The authors are indebted to the prior literature research that has been made in various anonymous journal/conference references related to field of study.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Din, N.M., Muhammad, M.Z., Ismail, M., Mahmood, T.M.A.T. (2021). The Comprehension of Maqasid Shariah Towards Cashless Tools Among Muslim Entrepreneurs. In: Alareeni, B., Hamdan, A., Elgedawy, I. (eds) The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries. ICBT 2020. Lecture Notes in Networks and Systems, vol 194. Springer, Cham. https://doi.org/10.1007/978-3-030-69221-6_117
Download citation
DOI: https://doi.org/10.1007/978-3-030-69221-6_117
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-69220-9
Online ISBN: 978-3-030-69221-6
eBook Packages: EngineeringEngineering (R0)