ADAB Solutions is developing the FICE – First Islamic Crypto Exchange, based on the norms of Shariah. The project will create a global infrastructure that operates on the principles of Islamic finance and a community that regulates the development of Islamic crypto-economics.
STO/ICO Status
Claim this listing and publish updates.
Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | ETH, BTC |
| Circulating Supply | 72% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
ADAB Solutions will solve the problem of halal cryptocurrency transactions, providing access to the cryptocurrency market for the Muslim Ummah , which accounts for 22% of the world's population and manages Islamic financial assets with a projected volume of 3.8 trillion USD.
For ADAB Solutions as a cryptocurrency project to be Halal, it is planned to implement the following measures: The development of the project will be based on the entrepreneurial efforts of the organizers and their work. According to the norms of Islamic ethics, it is right that the source of wealth is one's own labor and entrepreneurial efforts. First Islamic Crypto Exchange will completely exclude the possibility of speculative transactions, margin trading, and operations that do not correspond to Shariah. This will exclude Gharar, Maisir, and Riba. * FICE platform able to handle 3 million requests per second, making it one of the fastest crypto exchanges. Users will be guaranteed that their applications will never be suspended due to congestion of the platform.
ADAB Solutions is founded to create a platform for halal projects, to work in a full compliance with the norms of Islam and Islamic finance. The mission is to help Muslims and the community of crypto-investors to understand what in the market of cryptocurrencies is compliant with Shariah and what is not.
ADAB Solutions proceeds from the fact that this project will generally benefit the market, since halal projects in their essence have utility and value, and their definition will contribute to the development of useful ideas and a decrease in the number of projects in the market, which are haram in its essence.
Solutions for the Muslim Community
- Implementing Halal cryptocurrency operations;
- Avoiding excessive risks of cryptocurrency systems;
- Developing Islamic cryptocurrency infrastructure;
- A crypto exchange, functioning in accordance with the norms of Shariah;
- A unified position of the Muslim community regarding cryptocurrency;
- Clarity for Muslims regarding the admissibility of working with cryptocurrencies; and,
- Zakat paid from the turnover.
Current Challenges
- Extremely low Muslim involvement in the cryptocurrency market
- Lack of community trust in the key tools of crypto economics
- Lack of new markets and investors
The Importance of the Adab Solutions Project
- The first to enable cryptocurrency transactions following the principles of Islamic finance and Shariah.
- Aimed to a vast audience of 1.8 billion potential Muslim users of the cryptocurrency market.
- Designed under the highest security standards and has unique technical features of key software solutions.
- A system of values based on Shariah norms and principles of Islamic finance, which will become the basis for self-regulation of the cryptocurrency market and will increase the level of confidence in cryptocurrency instruments.
- Full transparency of the Adab Solutions project. Transparency of the project and safe jurisdictions will make it possible to buy and sell cryptocurrencies for fiat money.
