Digital Currency Takaful
Digital currency is one of the fastest growing areas in today’s financial environment. Despite its remarkably successful journey, it is not free from risk. These may arise in the form of technological catastrophe such as hacks, or manifest as technical failures, regulatory weakness, inadequate operational mechanisms, malpractice or lack of market confidence. A Halal alternative digital currency model is no exception and is exposed to similar risk factors. However, an attempt is made in this chapter to identify the risk factors in the Halal digital currency model and to offer further analysis of how those risks may be managed by a Takaful system.