Endowing revenue from cryptocurrency investment funds: A contemporary analytical study

Abstract

Contemporary financial engineering has multiplied in our time, particularly in financial matters. The topic of cryptocurrencies is one of the complex and unfamiliar subjects for some, to the extent that some scholars have refrained from providing a juristic classification (expressing a definitive opinion on the matter) due to the lack of clarity regarding its rulings and legal framework. This issue is hypothetical and has a future perspective, as it has not yet been implemented in reality. However, it is a plausible scenario, especially with global stock exchanges beginning to invest in cryptocurrency and establishing investment funds for this purpose. Consequently, it has become a part of risk distribution and investment diversification strategies among major investors. One of the most important results of the research is the permissibility of endowing digital currency investment funds depends on the nature of the currency invested. Dealing with or investing in currency is prohibited if its primary activities are prohibited. Nonetheless, investing in the currency is acceptable if it represents a legitimate project or acts as a store of value similar to Bitcoin.