Business to Business (B2B) Model from an Islamic Economic Perspective

Abstract

The development of online technology has given birth to many types of businesses, including online businesses. These various forms of online business include business-to-business (B2B). B2B is a typical business that connects business actors in a business transaction. Business-to-business (B2B) in a sharia economic perspective refers to transactions between companies that are in accordance with sharia economic principles. It involves the exchange of goods and services between business entities that comply with the laws of Islamic economics. The main principles of sharia economics that must be adhered to in the B2B context include the prohibition of usury (interest), the prohibition of maysir (gambling), and the prohibition of gharar (uncertainty or excessive speculation). B2B transactions in the Islamic economy must also comply with the principles of justice, fairness, and compliance with Islamic laws. So the journal we are writing about will discuss and study business-to-business (B2B), especially from a Sharia economic perspective. The method used in this re-search is a study of primary sources taken from academic journals and relevant published literature. Due to these limitations, analytical studies regarding B2B practices outline Sharia principles and protocols with Islamic business ethics in online commerce.