EAS Publisher | Analysis of Online Loans on the Shopee Loan Application According to the Islamic Economic Perspective

Analysis of Online Loans on the Shopee Loan Application According to the Islamic Economic Perspective

DOI : https://doi.org/10.36349/easjebm.2024.v07i11.005

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This research aims to determine the practices in Shopee Borrowing and the Islamic Economic Perspective regarding the use of Online Loans on the Shopee Application. The method used in this research is descriptive qualitative methods. Data analysis techniques include data collection, data reduction, data presentation, and data collection methods using data collection techniques, namely observation, interviews and documentation. The research results are that Shopee loans provide convenience for its users with terms of 2. 3. 6 to 12 months. In Shopee's borrowing practice, the amount received is not appropriate, because there is an admin deduction and the return is more than the loan amount or there are additional costs, the calculation of these additions is still unclear and it is not known what additional percentage must be paid, so that when the debt is due, receive a return of principal plus any excess. In the Islamic Economics Perspective, Shopee Borrowing practices fulfill the principle of balance (Ta'wazun) and the principle of mutual assistance (Ta'awun), but there are problems in the categories of usury usury and ghara.

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