Sharia Economic Perspective on Paylater Online Shopping Features in the Millennial Generation

Abstract

In the current digital era, a new payment concept has emerged, namely Paylater. Paylater carries the concept of 'Buy now, pay later'. The Paylater feature is increasingly popular because it has entered the E-commerce (online shopping) market. The paylater feature is in demand by various groups, especially the millennial generation, because it makes it easier to shop online if you don't have money. However, the paylater feature also has a negative side that can build consumer behavior. This research analyzes and determines the sharia economic perspective on online shopping paylater features for the millennial generation. This research was conducted using qualitative and quantitative survey methods by analyzing respondents' answers to surveys distributed based on the respondents' experiences. The research results state that most of the millennial generation use the paylater feature to shop online. The millennial generation who tends to like shopping via E-commerce uses the paylater feature to make their lifestyle more consumptive and can develop a habit of borrowing. Paylater itself is said to be haram from a sharia economic perspective because it contains things that are prohibited in Islamic principles.