Legal status of digital financial transactions in sharia economic perspective

This literature review aims to gain understanding in the form of evidence of scientific studies that explain the legal status of digital financial transactions according to the knowledge of Islamic economics. The author believes that as technological civilization advances, it also impacts economic practices from conventional to modern ways. On the other hand, Islam also has a fundamental principle regulating business economic activities based on sharia law. To obtain evidence from field studies that support the problems of this study, the search for data has involved several sources of Islamic economics literature in economics and business journals both nationally and internationally that discuss issues of electronic transactions from an Islamic perspective. Based on the results of the study and discussion, we can conclude that the effects include the legal status of digital financial transactions according to the philosophy of Islamic sharia economics as far as the practice is following fiqh, which is the basic principle of transactions in muamalah studies, along with technological advances. Thus, this finding becomes helpful input for parties, including academics, in carrying out further studies of Islamic economic law.