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Risk Factors in Cryptocurrency and Its Takaful Solution

  • Mohd Ma’Sum Billah
Chapter

Abstract

The growth of the cryptocurrency is among the fastest chapter of the today’s financial environment of the contemporary world. Despite its successful journey, it is not free from any unpredicted risk. One may be due to technological catastrophe by hacks, technical failures, regulatory weakness, inadequate operational mechanisms, malpractices and lack of market confidence. A Halal alternative cryptocurrency model is in no exception exposed to similar risk factors. An attempt is however made in this chapter to identify the risk factors in Halal cryptocurrency model and a further analysis on how those risks may possibly be managed by Takaful system.

Keywords

Cryptocurrency Risk Users Receiver Takaful 

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Finance, Insurance, Fintech and InvestmentIslamic Economics Institute, King Abdul Aziz UniversityJeddahKingdom of Saudi Arabia

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