ADAB Solutions - develops FICE - First Islamic Crypto Exchange, based on Sharia norms. The daily trading volume projected on the First Islamic Crypto Exchange is $ 140 million and monthly turnover of $ 4.2 billion during the first year and a half of the stock operation. As a result, the implementation of the ADAB Solution project will create a global infrastructure, which operates on the principles of Islamic finance, and the society that governs the development of Islamic crypto-economy. ADAB Solutions will solve the problem of halal cryptocurrency transactions, providing access to the cryptocurrency market for Muslims, which accounts for 22% of the world's population and manages Islamic financial assets with a projected volume of USD 3.8 trillion.
The speculative nature of cryptocurrency has sparked debate among Islamic scholars about whether cryptocurrency is religiously permissible. The Cryptocurrency Company seeks to influence the debate by launching instruments based on physical assets and certified as valid by Islamic advisers.
Each OneGram cryptocurrency unit is supported by at least one gram of physical gold stored in a vault. The idea is to limit speculation.
Gold is one of the first forms of money in Islamic societies, so this is right, "said Ibrahim Mohammed, a British citizen who founded a company with another investor last year.
We try to prove the rules and regulations of sharia are fully compatible with digital blockchain technology."
Tens of millions of dollars have been issued so far. About 60 percent of the number of coins planned must still be sold; OneGram hopes to publish it all before listing it on the exchange around the end of May.
OneGram obtained the decision that its cryptocurrency is in accordance with Islamic principles from Al Maali Consulting based in Dubai.
This is one of dozens of advisory companies around the world offering their opinions on whether financial instruments meet Islamic legal standards.
In Malaysia, HelloGold launched an initial offer of gold cryptocurrency that was supported in October, receiving approval from Islamic scholars at Amanie Advisors based in Kuala Lumpur.
Manuel Ho, HelloGold's chief marketing officer, said that the coin is Islamic because transactions occur within a certain period of time, making it less stable and overcoming the problem of price ambiguity.
Among other experiments, the Halal Chain based in the United Arab Emirates made an initial coin offer in December related to data about Islamic permitted items.
In the context of the ADAB Solution as a crypto currency project being Halal, it is planned to implement the following steps: Project development will be based on entrepreneurial efforts from the organizers and their work. According to Islamic ethical norms, it is true that the source of wealth is the input of one's own workforce and entrepreneurial business.
First Islamic Crypto Exchange will completely exclude the possibility of speculative transactions, margin trading and operations that are not in accordance with Sharia. This will exclude Gharar and Maisir and Riba from the Exchange job.
The FICE platform is capable of handling 3 million requests per second, making FICE one of the fastest crypto exchanges. FICE users will be guaranteed that their application will never be suspended due to platform bottlenecks.
ADAB Solutions will pass the Islamic expert's assessment of compliance with Sharia norms. ADAB Solutions organizes the Sharia Advisory Board at First Islamic Crypto Exchange. ADAB Solutions was established 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 crypto-investor communities understand what is in the cryptocurrency market that is in accordance with Sharia rules and what is not. The ADAB solution stems from the fact that this project will generally benefit the market, because halal projects in essence have usefulness and value, and their definitions will contribute to the development of useful ideas and a reduction in the number of projects on the market, which are haram in essence.
At FICE there will be no projects related to any of the following:
Production of Alcoholic beverages and tobacco product
ADAB solutions will solve the operating problems of halal cryptocurrency
ADAB solutions will solve the risk of excessive cryptocurrency systems
ADAB Solutions will solve the problem of developing Islamic cryptocurrency infrastructure
The absence of crypto exchange, functions in accordance with Sharia norms
The lack of an integrated position of the Muslim community regarding cryptocurrency
Muslim uncertainty about receiving work with cryptocurrency
From the existing crypto exchange turnover, zakat is not paid.
Cryptocurrency market problems:
Very low Muslim involvement in the cryptocurrency market
Lack of public trust in key crypto economic tools
Lack of new markets and investors
The importance of the Adab Solution project for the participants and its uniqueness: The Adab Solution Project has no analogues in the world. Today, there is not a single cryptocurrency platform or crypto exchange, which will guarantee activities based on Sharia. Adab Solutions will be the first project that will enable cryptocurrency transactions in accordance with Islamic finance principles and on the basis of Sharia norms.
The Adab Solution Project is aimed at a very large audience of 1.8 billion potential Muslim users from the cryptocurrency market. Project projectability. The Adab Solution Project is designed according to the highest security standards and has unique technical features from key software solutions. The Adab Solution Project forms a value system based on Sharia norms and Islamic finance principles, which will become the basis for self-regulation of the crypto currency market and will increase the level of confidence in key cryptocurrency instruments.
Full transparency of the Solusi Adab project. Project transparency and safe jurisdiction will make it possible to buy and sell cryptocurrency for fiat money. Project objectives and mission
The ADAB Solution Project is developing FICE-First Islamic Crypto Exchange, based on Sharia norms. The project objectives of the ADAB Solution are the creation of crypto-exchange platforms, stock exchanges and services that comply with Sharia norms and operate on Islamic principles.
The ADAB Solutions project's mission is to create conditions and services based on high Islamic moral and cultural values and provide access to all crypto economic users.
The main 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 that are determined by Sharia norms, including good behavior, standards of modesty, politeness, humanity. The name ADAB Solution is a big responsibility for project creators.
ADAB is a way of life in Islam, which the founders of the project consider not only natural in everyday life, but a foundation of a mandatory business relationship.
Graph Calculation of the replacement of the First Crypto Islamic Stock Exchange and total stock exchange revenue
Name of ADAB token
Total number of tokens - 500,000,000
The token price is 0.1 USD
Payment methods - BTC, ETH
Soft Cap - 2,500,000 $
Hard Cap -17,290,000 $
Start - 25.07.2018 years
End is at 15.11.2018
Minimum sales volume - 1000 ADAB
Beginning of the study of the cryptocurrency market in the Islamic community.
Terms: June 2017- September 2017.
Formation of goals and objectives to solve the problem of access of Muslim population
to the cryptocurrency market.
Terms: September 2017 – November 2017.
The development of the philosophy and mechanics of the exchange, based on the principles of
the Islamic financial model.
Terms: December 2017 – May 2018.
ICO to finance and promote the Islamic cryptocurrency exchange.
Terms: September 2018 – November 2018.
Development of the program mechanism of the First Islamic Crypto Exchange.
Terms: July 2018 – September 2018.
Registration of the First Islamic Crypto Exchange. Start of work on AdabCrypto (News Portal & Forum) and Adab Charity.
Terms: October 2018 – December 2018.
Alfa release of the First Islamic Crypto Exchange, functionality and security check.
Terms: December 2018 – February 2019.
Launch a large-scale marketing campaign, in order to attract new users on a large scale.
Terms: December 2018 – December 2019.
Beta release of the Islamic Exchange First Islamic Crypto Exchange with the support of cross-platform trading clients.
Terms: April 2019.
Official launch of the First Islamic Crypto Exchange.
Terms: July 2019.
Expansion of the functional content of the First Islamic Crypto Exchange.
Terms: June 2019 – December 2019.
Run Adab Charity.
Terms: August 2019.
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)
Abeer Mousa: Community development manager
BOARD OF ADVISORS
Md Mofassair Hossain: Advisor Marketing and PR
Gaurav Areng Chakraverti: Marketing ICO Advisor
Jorge Rodriguez: Security Advisor