Aleksander MamasidikovICO team member replied on 6 Aug 2018
About Adab Solutions
In order to ADAB Solutions as a crypto currency project to be Halal, it is planned to implement the following measures:
The development of the project will be based on the entrepreneurial efforts of the organizers and their work. According to the norms of Islamic ethics, it is right that the source of wealth is own labor inputs and the entrepreneurial efforts.
First Islamic Crypto Exchange will completely exclude the possibility of speculative transactions, margin trading and operations that do not correspond to Shariah. This will exclude the Gharar and Maisir and Riba from the work of the Exchange.
FICE platform able to handle 3 million requests per second, making FICE the one of the fastest crypto exchanges. Users of FICE will be guaranteed that their applications will never be suspended due to congestion of the platform.
ADAB Solutions is founded to create a platform for halal projects, to work in a full compliance with the norms of Islam and Islamic finance. Our task is to help Muslims and the community of crypto-investors to understand what in the market the cryptocurrencies is compliant with the Shariah rules and what does not.
ADAB Solutions proceeds from the fact that this project will generally benefit the market, since halal projects in their essence have utility and value, and their definition will contribute to the development of useful ideas and a decrease in the number of projects in the market, which are haram in its essence.
We 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
The 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.
- The key task of ADAB Solutions is to create a structure that will establish new ethical standards for doing business in the industry.
- ADAB - standards of behavior prescribed by the norms of the Shariah, including good manners, standards of decency, courtesy, humanity.
- The name of ADAB Solutions is a big responsibility for the creators of the project.
- ADAB is a way of life in Islam, which the founders of the project consider not only natural in everyday life, but an obligatory foundation of business relations.
