ADAB – First Islamic Crypto Exchange Powerman001 Blog Review

 

Hello, all.
Meet again with me Powerman001 from the BitCointalk forum.
On this occasion I will review one of the newly launched ICOs.
Introduce ADAB – First Islamic Crypto Exchange.

 

 

ADAB Solutions is developing the FICE – First Islamic Crypto Exchange, based on the norms of Shariah. The projected volume of daily trading on the First Islamic Crypto Exchange is $140 million and a monthly turnover of $4.2 billion during the first one and a half years of operation of the exchange. As a result, the implementation of the ADAB Solutions project will create a global infrastructure, that operates on the principles of Islamic finance, and the community that regulates the development of Islamic crypto-economics. 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.
About ADAB SOLUTIONS
The ADAB Solutions project is developing the FICE – First Islamic Crypto Exchange, based on the Shariah norms.The purpose of the ADAB Solutions project is the creation of a cryptocurrency platform, exchange and services that comply with the norms of the Sharia and operate on the principles of Islam.ADAB Solutions will create services based on the high moral and cultural values of Islam and will provide access to all users of crypto-economics.The principles and values of the project coincide with the principles on which Islamic finance is based and are based on the norms of the Sharia.The Islamic economic model today is one of the most dynamic areas of the modern economy, which is actively moving beyond

What is the First Islamic Crypto Exchange?
FICE – the first cryptocurrency exchange corresponding to the norms of Shariah. Many cryptocurrencies, due to their characteristics, are haram. Today no one can guarantee that the coins and projects listed on conventional cryptocurrency exchanges comply with norms of Islam.At FICE there will be no projects related to any of the following:GamblingUsuryImmoral ServiceProduction of Alcoholic beverages and tobacco productFinancial pyramidsAt FICE there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.An additional listing requirement is the approval by the Shariah Advisory Board.These restrictions are not enforced only for religious reasons, they also exclude theappearance of low-quality assets on the exchange.

OBJECTIVES AND MISSION OF THE PROJECT
We solve the problem of aligning crypto assets with the high moral and cultural values of Islam by creating a global cryptocurrency platform for both Muslims and the world at large

PRINCIPLES AND VALUES ​​OF THE PROJECT
For the first time in the cryptocurrency market, ADAB SOLUTIONS will implement the Shariah Advisory Board within its structure creating a reliable platform for launching halal projects

SOLVING THE MAIN PROBLEMS
Ethical uncertainty of Muslims regarding the admissibility of work on the crypto market leads to distancing, and as a result to non-involvement of the Muslim community in the technologically innovative financial sector, ADAB Solutions will solve this problem

THE UNIQUENESS OF ADAB SOLUTIONS
The first exchange compliant with the norms of IslamToday, there is no one cryptocurrency exchange, that would guarantee the activity based on the principals of Shariah. Adab Solutions will be the first project that will allow cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah normsThe Shariah Advisory Board, acting on an ongoing basis, will conduct in depth and systematic study of the cryptocurrency market and its elements for compliance with Shariah law.Intended for a huge audienceIslamic Ummah covers more than 120 countries in Europe, Western, Central, South and South-East Asia and North Africa. In 35 of these Muslims are in the majority of the population. In 28 countries, including Egypt, Saudi Arabia, Morocco, Kuwait, Iran, Pakistan and others, Islam is a state religion.Forming a new market systemThe project applies to crypto-economy values based on the norms of the Shariah and the principles of Islamic finance. These values will become the basis for self-regulation of the crypto market and will increase the level of confidence in key cryptocurrency instruments.Project design and safetyThe project is built on the highest security standards and unique technical software solutions in conjunction with safe and reliable jurisdictions.

WHY PARTICIPATE IN THE PROJECT AND BUY TOKENS?
The first Islamic crypto platform.Adab Solutions makes it possible to perform cryptocurrency transactions in accordance with the principles of Islamic finance on the basis of Shariah norms and we are the first company that solves this problem.Development of new markets.Adab Solutions – will attract millions of users who have not previously invested in crypto assets and this will benefit the entire crypto-economy that will increase with new participants, who previously just watched its development from the sidelines.The lowest price for ICO. The initially issued number of tokens is the maximum and the final. Further the number of tokens will decrease, and the price will rise.High potential of growth of the value of token.The expected growth in the client base and the volume of transactions on FICE is the direct driver of the price of the ADAB token, the only crypto currency, which can be used to pay for commission and services within the project.Contribution to the development of the Islamic financial system.By purchasing ADAB tokens now and participating in a project designed for a large community, you not only share with us the benefits of entering the new fast-growing market of Islamic crypto-economics, but also contribute to the development of a new areas of application of the Islamic financial system.

ENSURING COMPLIANCE WITH THE PRINCIPLES OF ISLAMIC FINANCE
Islamic Management ModelADAB Solutions will be managed in accordance with the requirements of the Islamic system of corporate governance developed on the basis of the standards of AAOIFI and IFSB.Shariah Advisory BoardCompliance with the norms of Islam in FICE activities will be provided by an independent body comprising authoritative experts in the field of Islamic law and finance and experts in the field of the cryptocurrency market.Charitable Foundation ADAB CharityQuarterly, 5% of net income and 2.5% of the annual net profit of the project will form the basis of the Adab Charity fund and everyone can contribute to this fund.Independent certificationAdab Solutions will pass an independent certification of all regulatory and legal documents and procedures.Annual auditAdab Solutions will carry out the annual audit for compliance with the principles of Islamic finance by independent and reputable companies.

 

Information about the project:

Official site: http://adabsolutions.com/
Whitepaper: https://adabsolutions.com/pdf/WhitePaper_of_ADAB_Solutions.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4720775
Bounty Thread: https://bitcointalk.org/index.php?topic=4722627.0
Telegram: https://t.me/Adabsolutions
Twitter: https://twitter.com/AdabSolutions
Facebook: https://www.facebook.com/adabsolutions
Reddit: https://www.reddit.com/r/adabsolutions/

 

Author : POWERMAN001

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