The First Islamic Crypto Exchange

Introduction

The ADAB Solutions is a project which is going to develop the FICE which will be based on the Shariah norms. The services will be based on the high moral and cultural values of Islam and all the users of crypto-economics will be provided with the access.

The implementation of the project will help to create a global infrastructure operating on the principles of Islamic finance and the crypto-economics will be developed. The halal crypto-currency transactions problem will be solved and this will provide the Muslim Ummah with the access to the market of the cryptocurrency. The Muslim Ummah make 2% of the population around the world and manage huge financial assets.

Token

First Islamic Crypto Exchange (FICE) will be created by ADAB Solutions and the Muslims will be guaranteed that everything is going to be done according to the principles of the Islamic finance and the values of Islam meaning that Muslims will get an instrument allowing Islamic Economic system to use technologies.

As they follow the principles of Islamic Finance, they will exclude the speculative component from the exchange work. This way the crypto-exchange platform will be stabilized and protected from excessive risks.

As the platform is one of the fastest crypto-instruments the users can be sure that the applications will not be suspended because of the platform congestion.

The users can use ADAB tokens to pay all the services on the platform and can convert them into ETH/USD on the open market.

10% of the received markets will be utilized and the number will become smaller due to the growing demand and the token rate will grow constantly.

They will be also able to trace the volume of the received commissions which means any manipulating of funds volume for the token redemption will not be allowed.

They intend to make the project Halal and they have planned several steps towards it. The development of the project will include the entrepreneurial efforts of the organizers and their work. The Islamic ethics norms suppose that it is right if labor and entrepreneurial efforts of a person are the source of any wealth.

Any possibility of speculative transactions, margin trading and operations will be excluded from the FICE as they do not correspond to Sharia.

They are also going to pass the assessment of Islamic expert on compliance with Sharia and organize the Sharia Supervisory Board.

Summary

It has a multilingual technical support which means that FICE will be in many languages on all user interfaces. The project is unique and has no analogues around the world. ADAB Solutions will get the cryptocurrency transactions performed on Sharia basis.

Moreover, the project has the highest security standards and the technical features are outstanding.
The project is fully transparent and the selling and buying of the cryptocurrencies for fiat money on the exchange will be made with the help of safe jurisdictions.

If they suspect that any company or employee has been dishonest or any excessive risk will be indicated they will deem investments in such companies unacceptable and ADAB Solutions will not admit them to listing on the exchange.
The project itself is very promising and attractive for the users not only from Islamic countries but for all the others as the possibility of fraud is very low.