Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic Law

This research aims to analyze the position of virtual land buying, selling, and leasing practices using cryptocurrency in the metaverse from the perspective of Islamic economic law. This study uses a descriptive analysis method with a normative juridical approach and data analysis techniques through...

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Main Authors: Muhamad Izazi Nurjaman, Sofian Al-Hakim, Iwan Setiawan, Mualimin Mochammad Sahid
Format: Article
Language:Arabic
Published: Jurusan Syariah Fakultas Agama Islam Universitas Islam Sultan Agung Semarang 2024-05-01
Series:Ulul Albab: Jurnal Studi dan Penelitian Hukum Islam
Subjects:
Online Access:https://jurnal.unissula.ac.id/index.php/ua/article/view/22782
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author Muhamad Izazi Nurjaman
Sofian Al-Hakim
Iwan Setiawan
Mualimin Mochammad Sahid
author_facet Muhamad Izazi Nurjaman
Sofian Al-Hakim
Iwan Setiawan
Mualimin Mochammad Sahid
author_sort Muhamad Izazi Nurjaman
collection DOAJ
description This research aims to analyze the position of virtual land buying, selling, and leasing practices using cryptocurrency in the metaverse from the perspective of Islamic economic law. This study uses a descriptive analysis method with a normative juridical approach and data analysis techniques through three stages of analysis: focusing the data, presenting the data, and drawing conclusions. The research found that the practice of buying, selling, and leasing virtual land in the metaverse is permissible because it meets the conditions and pillars of a valid contract. The transactions carried out involve intangible assets, namely virtual land and cryptocurrency. In these transactions, there is an expansion of the object of the ijarah (lease) contract, which typically involves the benefit of tangible objects or assets but can also include the benefit of intangible objects or assets, provided that the intangible asset requires another object (a tangible object) or a process that enables the asset to have utility, thus fulfilling the purpose of the contract in accordance with the principles of muamalah maliyyah (financial transactions). The development of the object of the ijarah contract is a scientific contribution to the development of Islamic economic law theory. Therefore, further research is needed on the status of intangible assets as objects of contracts to explore their benefits and legal status in accordance with Sharia principles.
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institution Kabale University
issn 2597-6168
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language Arabic
publishDate 2024-05-01
publisher Jurusan Syariah Fakultas Agama Islam Universitas Islam Sultan Agung Semarang
record_format Article
series Ulul Albab: Jurnal Studi dan Penelitian Hukum Islam
spelling doaj-art-f37b49e612a04f8d80fa6b69877badc12025-02-03T04:53:47ZaraJurusan Syariah Fakultas Agama Islam Universitas Islam Sultan Agung SemarangUlul Albab: Jurnal Studi dan Penelitian Hukum Islam2597-61682597-61762024-05-0161122610.30659/jua.v6i1.227829556Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic LawMuhamad Izazi Nurjaman0Sofian Al-Hakim1Iwan Setiawan2Mualimin Mochammad Sahid3Universitas Islam Negeri Sunan Gunung Djati BandungUniversitas Islam Negeri Sunan Gunung Djati BandungUniversitas Islam Negeri Sunan Gunung Djati BandungUniversiti Sains Islam MalaysiaThis research aims to analyze the position of virtual land buying, selling, and leasing practices using cryptocurrency in the metaverse from the perspective of Islamic economic law. This study uses a descriptive analysis method with a normative juridical approach and data analysis techniques through three stages of analysis: focusing the data, presenting the data, and drawing conclusions. The research found that the practice of buying, selling, and leasing virtual land in the metaverse is permissible because it meets the conditions and pillars of a valid contract. The transactions carried out involve intangible assets, namely virtual land and cryptocurrency. In these transactions, there is an expansion of the object of the ijarah (lease) contract, which typically involves the benefit of tangible objects or assets but can also include the benefit of intangible objects or assets, provided that the intangible asset requires another object (a tangible object) or a process that enables the asset to have utility, thus fulfilling the purpose of the contract in accordance with the principles of muamalah maliyyah (financial transactions). The development of the object of the ijarah contract is a scientific contribution to the development of Islamic economic law theory. Therefore, further research is needed on the status of intangible assets as objects of contracts to explore their benefits and legal status in accordance with Sharia principles.https://jurnal.unissula.ac.id/index.php/ua/article/view/22782buying and selling, leasing, virtual land, crypto and metaverse
spellingShingle Muhamad Izazi Nurjaman
Sofian Al-Hakim
Iwan Setiawan
Mualimin Mochammad Sahid
Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic Law
Ulul Albab: Jurnal Studi dan Penelitian Hukum Islam
buying and selling, leasing, virtual land, crypto and metaverse
title Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic Law
title_full Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic Law
title_fullStr Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic Law
title_full_unstemmed Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic Law
title_short Analysis of Buying, Selling, and Leasing Virtual Land in the Metaverse: A Perspective from Sharia Economic Law
title_sort analysis of buying selling and leasing virtual land in the metaverse a perspective from sharia economic law
topic buying and selling, leasing, virtual land, crypto and metaverse
url https://jurnal.unissula.ac.id/index.php/ua/article/view/22782
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AT iwansetiawan analysisofbuyingsellingandleasingvirtuallandinthemetaverseaperspectivefromshariaeconomiclaw
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