This research analyzes the market mechanism in modern economics from the perspective of Al-Mawardi. Al-Mawardi explains that the market mechanism efficiently allocates limited resources to meet the needs and desires of society. In the market mechanism, prices serve as signals that guide producers to produce goods consumers desire. Furthermore, healthy competition among producers also impacts the prices and quality of the produced goods. The analysis aims to understand Al-Mawardi's views on the market mechanism, exchange fairness, fraud prohibition, stability and security, and consumer protection. The method used is a literature study on Al-Mawardi's views and their relevance to modern economics. The results and discussions involve the application of Al-Mawardi's principles in the context of modern economics. The conclusion of this journal is the need to consider the principles of fairness, prohibition of fraud, stability, security, and consumer protection in the market mechanism within modern economics. The market mechanism is one of the essential elements in modern economics studied by Al-Mawardi. According to Al-Mawardi, the market mechanism is a system that organizes the product, distribution, and consumption of goods and services in society. The market mechanism is based on the principles of supply and demand, where the interaction between consumers and producers determines prices and quantities of goods. According to al-Mawardi, the mechanism of modern economic markets can be applied in modern times by involving various stakeholders in the market ecosystem: Roles of government, Market Participants, Supply and Demand Interaction, Transparency, Competition, and Innovation. Modern economic markets can be applied in the present by involving the role of government, market participants, supply and demand interaction, transparency, competition, and innovation.

Keywords: Modern market, modern economy according to al-awards