The Islamic financial model today is one of the most dynamic areas of the modern economy, which is actively moving beyond the Muslim countries. Crypto Exchange being a financial system of trading cryptocurrencies with other asserts is one of the many dynamic areas in the modern Islamic economy now gradually expanding. The only concern for many Muslims, however, is how to be involved in this digital monetary world without it being considered as “Haram.”
Sharia is a fundamental factor of Islam has detailed rules, norms and values a practicing Muslim must adhere to. Some of these laws of Sharia involve the way a Muslim is supposedly to earn and spend money. Muslims are supposedly to earn money the right and correct way, such as working for it and making sure to not indulge in “Riba” a term used when you loan someone money with interest and “Masir” a term used for individuals involved in Gambling. Now since in the Crypto Exchange world there will be constant buying and selling of digital Currencies such as BitCoin, Ethereum and Litecoin there will definitely be concerns of many Muslims going against the laws of Sharia as there might be a bit of “Masir” involve or any other financial activities that do not accustom with Islamic principles in the crypto economy world. This hiccup is why there is in existence Islamic finance, where various financial programs and atmosphere is governed by Sharia laws.
In fact, Muslims are known to constitute the majority of the most population in a range of 35 countries, and in about 28 countries Islam is a state religion. Showing, therefore, a big amount of Muslim population in the world and so, therefore, a big amount of Islamic principles are to be considered wherever. This is the main reason why the ADAB Solutions project aim is to fuss together the principles and values of the Sharia law in a comprehensive and accurate way, so as to engage more Muslims in the Crypto economy. With the help of ADAB Solutions, Muslims can participate more in the Crypto Exchange world without having the feeling of doing something wrong or “Haram” as ADAB Solutions crates a Cryptocurrency platform, exchange, and services that comply with the norms of the Sharia and operate on the principles of Islam. Islamic crypto-economic system can be characterized as a set of financial Mechanisms that gives the everyday Muslim to carry out investment and other financial activities without violating the very basic principles of the Sharia law.
The interest of Islamic investors has been keen on the cryptocurrency economy in these few past years, with this interest being expressed in the creation of cryptocurrency projects in Islamic countries such as Malaysia, Indonesia and the United Arab of Emirates. ADAB Solutions being a platform for these many Islamic investors to engage in the exchange, buying and selling of digital currencies while complying with the principles and values as well as the norms of the Sharia law is indeed a new world in Islamic Finance
Links to project:
official website: http://adabsolutions.com
whitepaper:https://adabsolutions.com/pdf/WhitePaper_of_ADAB_Solutions.pdf
Facebook page: https://www.facebook.com/adabsolutions
Twitter: https://twitter.com/AdabSolutions
Telegram channel: https://t.me/adabannouncement
Reddit: https://www.reddit.com/r/adabsolutions
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1472403
