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 $146 million and a monthly turnover of $4.4 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
Islamic finance is an alternative to ethical finance and this is a fair name. According to Syariah law, and Muslims do not have to give money to grow (to benefit), invest in prohibited activities (gambling, production of prohibited products), participate in transactions with increased uncertainty.
Muslims adhere to this requirement; Therefore, they are cautious of unconfirmed investment methods such as cryptocurrency. Many cryptographic currencies have the same characteristics that are forbidden to Muslims. Therefore, in order to avoid violating the Shariah terms, Muslims abstain from investing in such assets.
About ADAB Project
ADAB Solutions - is developing the FICE - First Islamic Crypto Exchange, based on Sharia norms. Daily trading volume at the First Islamic Crypto Exchange is $ 140 million and a monthly turnover of $ 4.2 billion within one and a half years of stock exchange operations.
As a result, the implementation of the ADAB Solution project will create a global infrastructure that operates on the basis of Islamic financial principles, and the community that regulates Islamic crypto-economic development. The ADAB solution will solve halal cryptocurrency transactions, providing access to the cryptocurrency market for Ummah Muslims, which accounted for 22% of the world's population and managing Islamic financial assets with a projected sum of 3.8 trillion USD.
ADAB Halal or Not Halal
The speculative nature of cryptography has sparked debate among Islamic scholars on whether cryptography was justified by religion. Cryptocurrency companies are working to champion the debate by launching instruments based on physical and legal assets by Islamic advisers.
Each OneGram cryptocurrency unit is supported by at least one gram of physical gold stored in the vault. This idea is full of speculation.
The amount of millions of dollars worth of money has been issued so far. Approximately 60 percent of the number of planned coins will still be sold; OneGram hopes to release them all before listing them at the end of May.
OneGram derives its decision that its confidentiality comply with Islamic principles from Al Maali Consulting based in Dubai.
It is one of dozens of advisory firms all over the world who offer their opinion on whether financial instruments meet the standards of Islamic law.
In Malaysia, HelloGold launches a cryptocurrency initial gold-backed offer in October, acclaimed by Muslim scholars at Amanie Advisors based in Kuala Lumpur.
People should believe that cryptographic currencies are honest, reliable and secure. And in this regard, we see a good opportunity for the market to use a simple and clear Islamic honesty principle. Now no company offers a comprehensive solution for Islamic crypto investment. We aim to resolve this issue.
Our customers and investors will ensure that their actions are in full compliance with Islamic principles, which will be allowed by the opinion of our Advisory Council, but also by the opinions of other experts and public opinion of the community. Our idea is not just to make a company; This is the ethical standards of business management in the industry. Adab - the behavior set by the Sharia norms, including good procedures, courtesy, courtesy and humanitarian standards.
Challenges for the Islamic world posed by the emergence of blockchain and crypto currency technology
The first Islamic Crypto Exchange will completely reject the possibility of speculative transaction, margin trading and non-Shariah compliant operations. This will exclude Gharar and Maisir and Riba from Exchange work.
The FICE platform is capable of controlling 3 million instantaneous requests, making FICE one of the fastest cryptographic exchanges. FICE users will be assured that their apps will not be crowded due to platform crowds.
ADAB's solution will allow Islamic experts to evaluate compliance with Shariah norms. ADAB's solutions host the Shariah Advisory Board on the First Islamic Crypto Exchange. The ADAB solution is to create a platform for halal projects, to work in full compliance with Islamic norms and Islamic finance. Our job is to help Muslims and the cryptic investor community understand what is in the cryptographic market to comply with Shariah rules and what does not.
The ADAB solution starts from the fact that the project will generally benefit the market, as halal projects in essence have utility and value, and their definitions will contribute to the development of useful ideas and declines in the number of projects on the market. is illegal in its core.
We solve the problems of the Muslim community, such as:
The ADAB solution will solve the problem of halal cryptocurrency operations
ADAB solutions will solve the major risk issues of the cryptocurrency system
The ADAB solution will solve the problem of building Islamic cryptocurrency infrastructure
No crypto exchange, functioning according to the Sharia norms
The lack of a united Muslim community's position on cryptocurrency
The uncertainty of Muslims regarding acceptability works with cryptography
From the acquisition of existing crypto exchanges, zakat is not paid.
Cryptocurrency market problems:
Except Muslims in the cryptocurrency market
Lack of community trust in key cryptococcal tools
Lack of new markets and investors
Project possibilities. The Equal Solutions Project is designed according to the highest security standards and has unique technical features of the major software solutions. The Equal Solutions Project forms a value system based on the norms and principles of Islamic financial syariah, which will be the basis for self-regulation of the cryptocurrency market and will raise the confidence level in cryptocurrency instruments.
Full transparency of the Manifold Settlement project. Transparency of project and secure jurisdiction will enable to buy and sell cryptocurrency for fiat money. Project objectives and missions. The ADAB Solution Project is developing the First Crypto Exchange, based on Syariah norms. The purpose of the ADAB Solution project is the creation of crypto-exchange platforms, and stock exchanges and services that comply with the Shariah norms and operate on the basis of Islamic principles.
TEAM
Timur Turzhan: CEO, Founder
Rustam Turzhan: COO, one of the founders
Maxat Salpyn: Deputy CEO of Islamic Finance
Aleksander Mamasidikov: Marketing Director
Dmitriy Rovenskikh: Director of project promotion
Barakbayev Asset: СТО
Pavel Krayev: Head of the Development Department
Didar Bidam: Senior IT Advisor
Khalil Ben sassi: Graphic designer
Mamoun Jamaladdin: Community Manager (Arabic)
Abeer Mousa: Community development manager
For information :
Website : https://adabsolutions.com/
Whitepaper : https://adabsolutions.com/pdf/WhitePaper_of_ADAB_Solutions.pdf
Facebook : https://web.facebook.com/adabsolutions?_rdc=1&_rdr
Twitter : https://twitter.com/AdabSolutions
Telegram : https://twitter.com/AdabSolutions
Author : kumaha
Bitcoin : https://bitcointalk.org/index.php?action=profile;u=1917379
Eth : 0x547B13b2692a874A4D3De9FD1917278672850839
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