Presenters: M. Fauzan, Darwis Harahap, Aliman Syahuri Zein, Rendy Syaid Abdullah, Nur Atikah
Affiliation: Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary Padangsidimpuan
Room: 1 (Online)
ICIES News- The 4th International Conference on Islamic Economics Studies (ICIES) 2024 featured a thought-provoking presentation by a team of researchers from Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary Padangsidimpuan. Held in Room 1 online, the presentation titled “Shop Now, Pay Later: The Ethical Dilemma of Islamic Consumption in the Era of Shopee Paylater” was delivered by M. Fauzan, Darwis Harahap, Aliman Syahuri Zein, Rendy Syaid Abdullah, and Nur Atikah.
Their research addresses the complexities introduced by online payment systems like Shopee Paylater, which have revolutionized consumer behavior by aligning purchase power with financial capacity, yet simultaneously risk promoting overconsumption and debt accumulation.
The study, involving a sample of 335 Shopee Paylater users in Indonesia, used a mixed methods approach that included bibliometric and SEM-PLS analysis. It investigated how Payment Gateway features, ethnocentrism, and lifestyle influence Purchase Decisions, with a particular focus on the moderating role of Islamic Consumer Ethics.
Key findings revealed that the convenience and flexibility of Shopee Paylater significantly shape consumer choices, beyond mere personal preferences. Ethnocentrism was found to have a substantial impact on both Islamic Consumer Ethics and Purchase Decisions. Additionally, lifestyle factors heavily influenced shopping behaviors, illustrating the sway of a fast-paced lifestyle on online shopping patterns. Notably, Islamic Consumer Ethics did not significantly moderate the effects of payment gateways, ethnocentrism, and lifestyle on purchase decisions.
The presenters emphasized the critical need for integrating ethical consumption principles in the development of online payment features like Shopee Paylater. This integration is crucial for fostering sustainable consumption practices that align with Islamic values. They also highlighted the importance of promoting financial literacy based on Islamic ethics to manage finances responsibly and avoid excessive debt.
The presentation sparked considerable interest and discussion among conference attendees, underlining the growing need for ethically-aligned financial products in the digital age. The researchers’ findings are expected to contribute significantly to the discourse on Islamic economics and ethical consumption, guiding future innovations in online payment systems.
For more information, attendees can access the detailed research findings and participate in follow-up discussions in the designated online conference room.