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Abstract

The development of financial technology in Indonesia has brought various innovations in payment systems, one of which is the Buy Now, Pay Later (BNPL ) service offered by Shopee through the Shopee PayLater feature. This service allows consumers to purchase goods online with deferred payment. However, this mechanism raises questions about its compatibility with sharia principles, considering Indonesia has the world's largest Muslim population. This research aims to analyze the Shopee PayLater mechanism and assess its compliance with Islamic economic principles, particularly regarding the prohibition of riba , gharar, and maysir. The method used is qualitative research with a descriptive-analytical approach, where data is collected through literature studies and document analysis related to Shopee PayLater's terms and conditions. The research findings indicate that the Shopee PayLater mechanism contains several elements that potentially contradict sharia principles, especially regarding late payment penalties that can be categorized as riba . Nevertheless, there are some aspects that align with murabahah principles if modified according to sharia provisions. This research is expected to provide input for fintech industry players to develop BNPL  services that are more compliant with sharia principles

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Bahasa Abstract

Perkembangan teknologi finansial di Indonesia membawa berbagai inovasi dalam sistem pembayaran, salah satunya adalah layanan Buy Now, Pay Later (BNPL ) yang ditawarkan oleh Shopee melalui fitur Shopee PayLater. Layanan ini memungkinkan konsumen untuk melakukan pembelian barang secara online dengan pembayaran yang dapat ditunda. Namun, mekanisme ini menimbulkan pertanyaan tentang kesesuaiannya dengan prinsip-prinsip syariah, mengingat Indonesia memiliki populasi muslim terbesar di dunia. Penelitian ini bertujuan untuk menganalisis mekanisme Shopee PayLater dan menilai kesesuaiannya dengan prinsip-prinsip ekonomi Islam, khususnya terkait larangan riba , gharar, dan maysir. Metode yang digunakan adalah penelitian kualitatif dengan pendekatan deskriptif analitis, di mana data dikumpulkan melalui studi literatur dan analisis dokumen terkait syarat dan ketentuan Shopee PayLater. Hasil penelitian menunjukkan bahwa mekanisme Shopee PayLater mengandung beberapa elemen yang berpotensi bertentangan dengan prinsip syariah, terutama dalam hal pengenaan denda keterlambatan yang dapat dikategorikan sebagai riba . Meskipun demikian, ada beberapa aspek yang sejalan dengan prinsip murabahah apabila dimodifikasi sesuai ketentuan syariah. Penelitian ini diharapkan dapat memberikan masukan bagi pelaku industri fintech untuk mengembangkan layanan BNPL yang lebih sesuai dengan prinsip syariah. 

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