السلام عليكم
I recently came across a project that offers cover marketplace on crypto holdings. The idea of the project is something really smart and I want to invest in this project however being in the insurance sector I know that there are some issues from sharia point of view.
It is more of an insurance market place rather than an insurance provider per say. It defines itself as “A peer-to-peer coverage market”
More information about how the project works is here:
https://docs.coverprotocol.com/product/paper
In addition to the question about Cover Protocol project, I would like also to understand some parameters that I can apply to any future insurance project in the crypto space so I can determine whether it is permissible to invest in or not.
جزاكم الله خيرا