University of Bahrain
Scientific Journals

Deriving Halal Transaction Compliance using Weighted Compliance Scorecard (WCS)

Show simple item record Setik, Roziyani Marjudi, Suziyanti Ahmad, Raja M. T. R. L. Hassan, Wan A. W. Kassim, Aza A. M. 2023-05-01T00:36:21Z 2023-05-01T00:36:21Z 2023-05-01
dc.identifier.issn 2210-142X en
dc.description.abstract The Halal transaction is the least studied field in Malaysia. The emergence of different types of fintech instigated a large surge of online transactions, in which transaction between a buyer and a seller becomes vague. Therefore, the operational definitions to negate the permissibility of a transaction needs to be further explored. This study aims to demonstrate and propose a Halal transaction compliance process that can be used to better define a single transaction's permissibility and derive modules to implement the compliance process into fintech-embedded e-commerce. The transaction data required for this study was collected from a payment gateway provider, where the documents involved in the transaction were used to derive a weighted compliance scorecard (WCS) that scores a single transaction's average use and source to derive its permissibility score within a given time frame. The proposed system and compliance scoring method can help understand Halal transactions and their management. In short, effective compliance structuring is key in determining a single transaction's permissibility. en_US
dc.language.iso en en_US
dc.publisher University of Bahrain en_US
dc.subject Transaction Management; Balanced Scorecard; Halal; Compliance en_US
dc.title Deriving Halal Transaction Compliance using Weighted Compliance Scorecard (WCS) en_US
dc.identifier.doi en
dc.volume 13 en_US
dc.issue 1 en_US
dc.pagestart 1 en_US
dc.pageend 1 en_US
dc.contributor.authorcountry Malaysia en_US
dc.contributor.authoraffiliation University Selangor en_US
dc.contributor.authoraffiliation Universiti Tun Hussein Onn Malaysia en_US
dc.contributor.authoraffiliation University Kebangsaan Malaysia en_US
dc.contributor.authoraffiliation Universiti Selangor en_US
dc.contributor.authoraffiliation Management & Science University en_US
dc.source.title International Journal of Computing and Digital Systems en_US
dc.abbreviatedsourcetitle IJCDS en_US

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