ADAB Solutions launching the First Islamic Crypto Exchange (FICE)
The FICE is very unique exchange, as it is the only Shariah compliant crypto exchange at this moment.19 Agustus 2018 10:40
Nowadays, the cryptocurrency market is attractive from the investment perspective. According to the Thomson Reuters ISLAMIC FINANCE DEVELOPMENT REPORT 2017, the crypto economy is one of the key innovative areas in the field of Islamic finance. However, the multitude of contradictions in this market and the ambiguous position of the Islamic community regarding the admissibility of investments in this market have led to the distancing and wait-and-see attitude of Muslim investors.
There are hundreds of unique crypto assets, each with different features related to distribution, mining and trading. They are also very different in terms of their underlying commodities, projects or businesses and it is inappropriate to have one Shariah ruling for all crypto assets, as many of those crypto assets clearly have characteristics that are forbidden for Muslims.
On August 9th Dubai hosted the Dubai International Blockchain Summit (DIBS) 2018 at the ATLANTIS HOTEL, THE PALM. During the event most innovative ICOs and Blockchain solutions were presented from every sector such as smart governments, finance, exchange, healthcare, supply chain and more.
Organizers was working carefully to select variety of the finest and most innovative ICO startups to be launched exclusive at Dubai International Blockchain Summit where founders and CEO’s can present their business models directly to the investors.
The most attention was drawn to the project of UAE based ADAB Solutions company on the creation of the First Islamic Crypto Exchange (FICE). The FICE is very unique exchange, as it is the only Shariah compliant crypto exchange at this moment.
By adhering to the high moral requirements set forth by the Shariah community, the company will utilize the in-house Shariah Advisory Board to ensure that Islam is finally included in the global cryptocurrency market. Shariah Advisory Board (SAB) is the independent body represented by internationally recognized Shariah experts, which will provide inputs on Shariah matters in order for the FICE to comply with Shariah principles at all times.
These new standards set forth by the FICE will ensure an enhanced quality of assets on exchange, as well as enhanced inclusion of Islamic cryptocurrency enthusiasts and traders.
ADAB Solutions launching the ICO (Initial Coin Offering) in September 2018 to finance this beneficial to Muslims Ummah project. ADAB tokens issued during the ICO will be used to serve as a key to accessing the services of the exchange and all commissions within the FICE will be paid only in ADAB tokens.
The internal economy of the Exchange is built on the deflation model of the token. This will help to systematically reduce the total number of tokens in circulation, which, combined with the increase in the volume of transactions, will lead to a predicted increase in the rate of ADAB token.
No benefits will attract a Muslim if he is not sure of the correctness of his investments, their compliance with the norms of Islam. Beliefs and faith of Muslims require the irrefutable evidence of the correctness of their actions. This will be the first crypto exchange in which the Shariah Advisory Board will function and contain internationally recognized, respected and reputable experts of Islamic finance.
Ideas that correspond to the norms of the Shariah are based on the understandable material value, have a clear business strategy, and this allows us to confidently assert that halal projects are incomparably safer and more successful than the beautiful signs of many cryptocurrency initiatives.
New and unique technologies are being created due to the innovators, which is the foundation of the world of the future. Innovation is simply doing or making something differently to meet a perceived need or gap in the marketplace and create successful new products, services, businesses, and solutions.
The First Islamic Crypto Exchange is a unique project has all features of innovation that will change your tomorrow. ICO of ADAB Solutions is not just an investment in needed and well-timed project for the Islamic Ummah, but also a valuable acquisition that can bring a decent profit.
The team of ADAB Solutions is high professionals dedicated to their business and doing their best to achieve the goals of the project.