Digital Islamic Market "Maysarah" Perception According to Jurisprudence Standards

Abstract

This paper is about developing a vision for a digital market that satisfies the needs and it achieves the interests of all its parties in order to overcome the obstacles of the traditional Islamic Investment within the framework of commitments to the provisions of Islamic Sharia.  The problem of this study is to find the mechanism through which it is possible to manage transactions within the market and achieve integration among them in a way that contributes to achieve its goals.  Inductive and deductive approaches have been used for formulating a hypothetical conception of the transactions that take place in the market in order to explain its legal reality and the jurisprudential opinions based on legal evidence. The research was divided into an introduction, a preface, two main sections, and a conclusion; the introduction included the definition of facilitation "Maysarah", its mechanism of action, and its objectives the first section dealt with contract management in facilitation, the second section dealt with Islamic Banks' Investment in the market by a modified form of “Murabaha” for the purchase order.  The results of the research are: The characteristics of digital markets can be exploited in an Islamic Digital Market that provides all the goods you need by selling on description. It achieves cash financing for traders and producers by “Salam” in commodities that have not yet been produced. Investing the funds of Islamic banks contributes in a modified form of facilitation “Murabaha” for the purchase order that integrates with selling on description in achieving in-kind financing for the needs of customers. It is integrated with “Salam” in reducing the price of goods and at the same time ensuring monetary financing for traders and producers. The research recommended that Islamic Governments and Banks should encourage the establishment of the market, and the independence of the Sharia Board of the market from its financial management also.