The Islamic Economics and Finance Research Group (RG), Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS), in collaboration with the Surakarta Regional Board of the Indonesian Sharia Economic Society (MES), and the Central Java Regional Board of the Indonesian Association of Islamic Economists (DPW IAEI), held a virtual session on Islamic Economics and Finance on Tuesday, 24 June 2024. The event was attended by members of the Regional Board and the Forum Alumni HMI Wati (PD Forhati) Solo Raya, Central Java, led by Coordinating Presidium Sri Murni Endarwati.

On this occasion, Falikhatun delivered a presentation on the importance of understanding khiyar, particularly in the context of online transactions. The concept of khiyar serves several purposes, including preventing losses, ensuring fairness, and building trust between buyers and sellers. She also emphasized that e-commerce transactions must comply with the Fatwa of the National Sharia Council of the Indonesian Ulema Council (DSN MUI) No. 146 of 2021 on online sales and purchases. The fatwa stipulates, among other things, that sellers must not engage in tadlis (misrepresentation), tanajusy (exaggerated product claims), or ghysysy (false testimonials).

Falikhatun elaborated, “Khiyar is the right of choice granted to either the buyer or the seller in a sale-purchase transaction (Murabahah) to proceed with or cancel the agreement. In Arabic, khiyar means ‘choice’ or ‘option.’ In the context of commerce, khiyar provides the transacting parties with the freedom to reconsider their decisions after the contract has been executed. Understanding khiyar must be widely promoted so that business actors can incorporate it as a marketing strategy to attract and retain customers.”

This activity aimed to encourage members of PD Forhati Solo Raya to gain a deeper understanding of the khiyar concept in both online and traditional business practices. In the long term, this discussion is expected to offer strategic insight to enhance sales performance, particularly in improving customer satisfaction through the implementation of khiyar as a form of post-sale service.