ADAB- HALAL CRYPTOCURRENCY

ADAB- HALAL CRYPTOCURRENCY | Ecency

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The cryptocurrency industry has had limited influence from rules and regulations from pre-existing establishments such as governments and religious institutions. The high moral and cultural values of the Islam community have however necessitated the development of solutions that take into consideration their unique requirements.
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.
• A cryptocurrency called ADAB was launched in an attempt to convince the Muslim community that investing in cryptocurrencies complies with Sharia law.
• Islam's Sharia law limits certain financial practices, such as charging interest and speculative trading. As a result, cryptocurrencies like Bitcoin, ethereum and others can be considered unusable by Muslims.
• Muslim countries Saudi Arabia, Qatar, Oman and the United Arab Emirates even issued warnings against the use of alternative digital currencies.
• But a cryptocurrency that claims to comply with Islamic finance requirements, ADAB, says it will boost in trade – and the use of digital currency – in Muslim countries with Sharia-compliant digital coin.

ADAB solutions integrates the Islamic management model into its business and risk management systems. It will also incorporate the Shariah Advisory Board to oversee compliance with the Shariah norms. ADAB tokens will be the platforms native currency and will provide access to the services provided by ADAB solutions. Security will be guaranteed through a secure development life cycle (SDL). It will implement threat modeling and STRIDE analysis, static code analysis (SAST), dynamic code analysis (DAST) and hacking testing.

Features

ADAB Solutions has no analogue in the world. This is the first platform, which guarantees the company operations to be compliant with Sharia norms.
ADAB Solutions will be the first project, which will allow crypto transactions to be totally compatible with Islamic management model and Sharia norms as well.
Project is focusing on the broad audience. There are 1.8 billion Muslims in the world, who would be a potential users of ADAB services.
The project guarantees the transparency of business operations, by eliminating all the speculations/manipulations within business operations
Particular percentage of annual income will be directed to charity organization, which is being arranged on the behalf of ADAB Solutions

ADAB solve the problems of the Muslim community, such as:
• ADAB Solutions will solve the problem of halal cryptocurrency operations
• ADAB Solutions will solve the problem of excessive risks of cryptocurrency systems
• ADAB Solutions will solve the problem of developing Islamic cryptocurrency infrastructure
• Absence of a crypto exchange, functioning in accordance with the norms of Shariah
• The lack of a unified position of the Muslim community regarding the cryptocurrency
• Uncertainty of Muslims regarding the admissibility of working with cryptocurrencies
• From the turnover of existing crypto exchanges, zakat is not paid.
The problem of the cryptocurrency market:

The extremely low involvement of Muslims in the cryptocurrency market
Lack of community trust in the key tools of crypto economics
Lack of a new markets and investors

Importance of the Adab Solutions project for participants and its uniqueness:

•The Adab Solutions project has no analogues in the world. Today, there is not a single cryptocurrency platform or a crypto exchange, which would guarantee activities based on Shariah. Adab Solutions will be the first project that will allow performing cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah norms.
• The Adab Solutions project is aimed to a huge audience of 1.8 billion potential Muslim users of the cryptocurrency market.
• Projectibility of the project. The Adab Solutions project is designed in accordance with the highest security standards and has unique technical features of key software solutions.
• The Adab Solutions project forms 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 a key 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.
• Objectives and mission of the project
• The ADAB Solutions project is developing the FICE- First Islamic Crypto Exchange , based on the norms of Shariah.
• The purpose of the ADAB Solutions project is the creation of a crypto -exchange platform, a stock exchange and services that comply with the norms of the Shariah and operate on the principles of Islam.
• The mission of the ADAB Solutions project is to create conditions and services based on the high moral and cultural values of Islam and provide access to all users of crypto economics.

One of the most important features of our project is the management of the company in accordance with the Islamic management model, which supplements the generally accepted standards of business management.
But the most important difference lies in the fact that in our company one of the most important management bodies and decision-making centers is lured by the Council for Islamic Finance (Shariah Advisory Board).
All this will contribute to the fact that our company will provide high-quality services and information to the Muslim community about the cryptocurrency market, will carry out an explanatory mission, facilitate the involvement of the Muslim community in the cryptocurrency market.

Team

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