bitcoin: ADAB Solutions first exchange with shariah rules

ADAB Solutions first exchange with shariah rules

The virtual currency also known as virtual money is a type of unregulated digital money, which is issued and is usually controlled by the developer except Bitcoin and is used and accepted among members of a particular virtual community.In 2014, the European Banking Authority defined virtual currency as a digital representation of the value that is not issued by the central bank or public authority, is not always attached to fiat currency, but is accepted by nature or legal person as a means of payment and can be transferred, stored or traded electronically. In contrast digital currency issued by the central bank is defined as the central bank's digital currency.

About ADAB SOLUTIONS

The ADAB Solutions project is developing the FICE – First Islamic Crypto Exchange, based on the Shariah norms.*The purpose of the ADAB Solutions project is the creation of a cryptocurrency platform, exchange and services that comply with the norms of the Sharia and operate on the principles of Islam.*ADAB Solutions will create services based on the high moral and cultural values of Islam and will provide access to all users of crypto-economics.*The principles and values of the project coincide with the principles on which Islamic finance is based and are based on the norms of the Sharia.*The Islamic economic model today is one of the most dynamic areas of the modern economy, which is actively moving beyond

What is the First Islamic Crypto Exchange?

FICE – the first cryptocurrency exchange corresponding to the norms of Shariah. Many cryptocurrencies, due to their characteristics, are haram. Today no one can guarantee that the coins and projects listed on conventional cryptocurrency exchanges comply with norms of Islam.At FICE there will be no projects related to any of the following:GamblingUsuryImmoral ServiceProduction of Alcoholic beverages and tobacco productFinancial pyramidsAt FICE there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.An additional listing requirement is the approval by the Shariah Advisory Board.These restrictions are not enforced only for religious reasons, they also exclude theappearance of low-quality assets on the exchange.

OBJECTIVES AND MISSION OF THE PROJECT

We solve the problem of aligning crypto assets with the high moral and cultural values of Islam by creating a global cryptocurrency platform for both Muslims and the world at large.

PRINCIPLES AND VALUES OF THE PROJECT

For the first time in the cryptocurrency market, ADAB SOLUTIONS will implement the Shariah Advisory Board within its structure creating a reliable platform for launching halal projects.

SOLVING THE MAIN PROBLEMS

Ethical uncertainty of Muslims regarding the admissibility of work on the crypto market leads to distancing, and as a result to non-involvement of the Muslim community in the technologically innovative financial sector, ADAB Solutions will solve this problem.

THE UNIQUENESS OF ADAB SOLUTIONS

The first exchange compliant with the norms of IslamToday, there is no one cryptocurrency exchange, that would guarantee the activity based on the principals of Shariah. Adab Solutions will be the first project that will allow cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah normsThe Shariah Advisory Board, acting on an ongoing basis, will conduct in depth and systematic study of the cryptocurrency market and its elements for compliance with Shariah law.Intended for a huge audienceIslamic Ummah covers more than 120 countries in Europe, Western, Central, South and South-East Asia and North Africa. In 35 of these Muslims are in the majority of the population. In 28 countries, including Egypt, Saudi Arabia, Morocco, Kuwait, Iran, Pakistan and others, Islam is a state religion.Forming a new market systemThe project applies to crypto-economy values based on the norms of the Shariah and the principles of Islamic finance. These values will become the basis for self-regulation of the crypto market and will increase the level of confidence in key cryptocurrency instruments.Project design and safetyThe project is built on the highest security standards and unique technical software solutions in conjunction with safe and reliable jurisdictions.

WHY PARTICIPATE IN THE PROJECT AND BUY TOKENS?

The first Islamic crypto platform.Adab Solutions makes it possible to perform cryptocurrency transactions in accordance with the principles of Islamic finance on the basis of Shariah norms and we are the first company that solves this problem.Development of new markets.Adab Solutions – will attract millions of users who have not previously invested in crypto assets and this will benefit the entire crypto-economy that will increase with new participants, who previously just watched its development from the sidelines.The lowest price for ICO. The initially issued number of tokens is the maximum and the final. Further the number of tokens will decrease, and the price will rise.High potential of growth of the value of token.The expected growth in the client base and the volume of transactions on FICE is the direct driver of the price of the ADAB token, the only crypto currency, which can be used to pay for commission and services within the project.Contribution to the development of the Islamic financial system.By purchasing ADAB tokens now and participating in a project designed for a large community, you not only share with us the benefits of entering the new fast-growing market of Islamic crypto-economics, but also contribute to the development of a new areas of application of the Islamic financial system.

ENSURING COMPLIANCE WITH THE PRINCIPLES OF ISLAMIC FINANCE

Islamic Management ModelADAB Solutions will be managed in accordance with the requirements of the Islamic system of corporate governance developed on the basis of the standards of AAOIFI and IFSB.Shariah Advisory BoardCompliance with the norms of Islam in FICE activities will be provided by an independent body comprising authoritative experts in the field of Islamic law and finance and experts in the field of the cryptocurrency market.Charitable Foundation ADAB CharityQuarterly, 5% of net income and 2.5% of the annual net profit of the project will form the basis of the Adab Charity fund and everyone can contribute to this fund.Independent certificationAdab Solutions will pass an independent certification of all regulatory and legal documents and procedures.Annual auditAdab Solutions will carry out the annual audit for compliance with the principles of Islamic finance by independent and reputable companies.

Details of ICO

ADAB sign name

Total number of tokens – 500,000,000

The token price is 0.1 USD

Payment method – BTC, ETH

Soft Cap – 2,500,000 $

Hard Cap -17.290.000 $

Start – 25.07.2018 years

Finally on 15.11.2018

Minimum sales volume – 1000 ADAB

ROAD MAP

Step 1

Beginning of the study of the cryptocurrency market in the Islamic community.

Terms: June 2017- September 2017.

Step 2

Formation of goals and objectives to solve the problem of access of Muslim populationto the cryptocurrency market.

Terms: September 2017 – November 2017.

Step 3

The development of the philosophy and mechanics of the exchange, based on the principles ofthe Islamic financial model.

Terms: December 2017 – May 2018.

Step 4

ICO to finance and promote the Islamic cryptocurrency exchange.

Terms: September 2018 – November 2018.

Step 5

Development of the program mechanism of the First Islamic Crypto Exchange.

Terms: July 2018 – September 2018.

Step 6

Registration of the First Islamic Crypto Exchange. Start of work on AdabCrypto (News Portal & Forum) and Adab Charity.

Terms: October 2018 – December 2018.

Step 7

Alfa release of the First Islamic Crypto Exchange, functionality and security check.

Terms: December 2018 – February 2019.

Step 8

Launch a large-scale marketing campaign, in order to attract new users on a large scale.

Terms: December 2018 – December 2019.

Step 9

Beta release of the Islamic Exchange First Islamic Crypto Exchange with the support of cross-platform trading clients.

Terms: April 2019.

Step 10

Official launch of the First Islamic Crypto Exchange.

Terms: July 2019.

Step 11

Expansion of the functional content of the First Islamic Crypto Exchange.

Terms: June 2019 – December 2019.

Step 12

Run Adab Charity.Terms: August 2019.Step 13ormation, on the bases of ADAB Solutions platform and First Islamic Crypto Exchange, of a reliable and developed infrastructure based on the principles of Islamic finance.

Terms: December 2019 – July 2020

THE PROJECT TEAM

Timur Turzhan: CEO, Founder

Rustam Turzhan: COO, co-founder

Maxat Salpyn: Deputy CEO of Islamic Finance

Aleksander Mamasidikov: Director of Marketing

Dmitriy Rovenskikh: Director of project promotion

Asset Barakbayev: СТО

Pavel Krayev: Head of development Department

Didar Bidam: Senior IT advisor

Khalil Ben sassi: Graphic designer

Mamoun Jamaladdin: Community Manager (Arabic)