Let us know what you think of this episode

Summary(Season 2, Ep9):

Leila and Sharene Lee discuss Takasure, a community-owned mutual protection fund using technology to offer alternative insurance by enhancing transparency and inclusivity. Inspired by the 2008 financial crisis and the need for trustworthy alternatives, Takasure uses smart contracts for Sharia-compliant, self-adjusting mutual protection funds. Takadao, the platform behind it, charges a 20% fee, with the remaining funds belonging to the members.

For more stories on Financial systems, Crypto, and the Islamic economy, sign up for our Newsletter here:

Takadao

Takeaways:

• Takasure is a community-owned insurance fund changing the way insurance works.
• The 2008 financial crisis made people distrust big, centralized institutions.
• Community involvement and technology help create a fairer and more open financial system.