Analysis of electronic currencies from the perspective of Islamic economics - creating a model

Developments in global economies have led to the creation of new types of currencies that have no physical presence or cover. They are called virtual, encrypted, or electronic currencies; Global economic dealings have become significant. These are currencies that lack legitimacy because they do not have a tangible representation in the form of paper or money in societies in which money is accustomed to being physical, and the Islamic economy, which derives its structure and strength from Islamic law since the advent of Islam until now and in the future as well, stands on the lookout for any factor or contemporary economic phenomenon that occurs. In Islamic or international countries alike, to absorb it and then filter it with legal provisions and standards to benefit from it and using them as tools and factors for development, development and prosperity in Islamic societies. Islamic economic scholars have addressed this new phenomenon represented by electronic currencies and stated the prohibition of using them in their current absolute form. They highlighted the necessity of planning and mobilizing to confront it, benefit from its positive aspects, and get rid of its negative aspects. May Islamic societies enjoy prosperity, tranquility and development through all the various spatial, temporal and current changes.