THE FRAME OF SHARIA ECONOMIC ON PAYLATER PAYMENT SYSTEM

This study aims to investigate the payment system mechanism in
Paylater in Shopee e-commerce, as well as to find out the contract used
in the payment system and to review the system in the frame of Islamic
law. This research was prompted upon a loan system namely Paylater
provided by Shopee e-commerce, one of the biggest markerplaces in
Indonesia, which offers loans with installment system. The method used
in this research was a field research method. In this study, the
researchers gathered data by themselves. The data was obtained from
the application regarding public knowledge of Paylater Shoppe
payments. The results showed that the payment system mechanism is
relatively easy to follow since the application provides simple and
practical instructions. Meanwhile, the contract used in Paylater
payments is bai 'as-salam, where there are still similarities and
differences that still need to be studied. In conclusion, in a review of
Islamic law the Paylater system is categorized as usury and gharar.