ISLAMIC LAW ON BALANCE TOP-UPS IN DIGITAL WALLETS

Abstract

Introduction/Main Objectives: This study aims to explore Islamic law surrounding balance top-ups in digital wallets that are commonly used today by comparing it with the formal legal regulations of the Central Bank of Indonesia, which explain the details about the existence of deposit funds and digital wallet companies. Background Problems: Despite the widespread use of digital wallets, research on Islamic law related to them still needs to be more extensive. Muslims need to know the Islamic law on this subject in order to use and store funds in digital wallets without hesitation. Novelty: This study reviewed four contracts in Islamic law that had never been discussed before, namely wadīʻa (money deposit), qarḍ (loan), ʼijāra (service payment), or ṣarf (money exchange). Research Methods: The research methods used in this study involve literature review by going through various classical and current jurisprudence books. Finding/Results: This research indicates that topping up funds in digital wallets is closer to the sarf contract than the other three contracts, as per the Central Bank of Indonesia's regulations. Conclusion: When users add money to their digital wallets, it is converted into electronic data, known as e-money. The research expected in the future is the discussion of fiqh law related to transactions made through digital wallets, as well as being able to review fiqh law based on the fatwas of scholars in the National Sharia Board whose fatwas are more recent.

Keywords: digital wallet, e-wallet, contract review, Islamic law, fiqh law, financial transaction, balance top-up