Participants in the Seventh Doha Islamic Finance Conference yesterday underlined the significance of expanding online payment platforms, following the examples of “Hukoomi Qatar” and “Qatar Airways” websites.
Participants in the second day of the conference also stressed the need to set conditions on e-commerce activities, especially those related to foods, and to further impose oversight by the competent authorities to ensure the safety of consumers and maintain their health, in addition to enacting appropriate penalties for violators of the legislation related to the practice of e-commerce in the country, and launching media campaigns and seminars on various media outlets to introduce the rights and duties of everyone practicing e-commerce in the country.
The session of the second day of the conference discussed the theme “Economies of the Virtual World” upon the emergence of the coronavirus crisis and imposition of social distancing restrictions. The participants reviewed the world’s moving towards safer virtual environments for economic activities, and digital technology companies have benefited from this approach, turning to an accelerated revolution in the field of e-commerce and e-applications, thus forming a model for a significant and promising economy.
The theme reviewed models from the economies of this virtual world through the experiences of the owners of these projects and discussed the most important legal and sharia controls governing the transactions with this world, and then provided a forward-looking vision for the future of this important sector. The session was moderated by Dr. Nayef Bin-Nahar Al Shammari, Director of the Ibn Khaldun Center for Humanities and Social Sciences at Qatar University.
Professor of Jurisprudence at Qatar University Prof. Dr. Saad-Eddin Dadash highlighted Sharia controls for virtual world economies, stressing the need to tighten Sharia controls on doing business and selling through websites in the country in order to ensure that forbidden transactions are avoided.
