ADAB Solutions Launch the First Islamic Crypto Exchange (FICE)

Stocks and Financial Services Press Releases Tuesday August 21, 2018 08:00
UMM AL QUWAIN, UAE--21 Aug--PRNewswire/InfoQuest
UAE based ADAB Solutions company is launching the First Islamic Crypto Exchange (FICE), which is very unique, as it is the only Shariah compliant crypto exchange at this moment.
(Logo: https://mma.prnewswire.com/media/732455/ADAB_Solutions_Logo.jpg )
(Photo: https://mma.prnewswire.com/media/732456/ADAB_Solutions_First_Islamic_Crypto_Exchange.jpg )

This project gives access to the technologically innovative financial sector for 1.8 billion Muslims living on the planet. FICE will create a reliable crypto trading platform, which will become a universal solution for the involvement of Muslims and users of Islamic finance in the crypto market. This will be the first project, which allows crypto transactions to be performed in accordance with the principles of Islamic finance and will be open to all users, regardless of religion.

According to the ISLAMIC FINANCE DEVELOPMENT REPORT 2017 by Thomson Reuters, the crypto economy is one of the key innovative areas in the field of Islamic finance. However, the multitudes of contradictions in this market, and the ambiguous position of the Islamic community regarding the admissibility of investments in this market, have led to the distancing and wait-and-see attitude of Muslim investors. By adhering to the high moral requirements set forth by the Shariah community, the company will utilize the in-house Shariah Advisory Board represented by international Shariah experts to ensure that FICE activity will comply with Shariah principles at all times. These new standards set forth by the FICE will ensure an enhanced quality of assets on exchange, as well as an enhanced inclusion of Islamic crypto assets enthusiasts and traders.

"Ideas that correspond to the norms of the Shariah are based on the understandable material value, have a clear business strategy, and this allows us to confidently assert that halal projects are incomparably safer more successful than the beautiful signs of many cryptocurrency initiatives," says Founder and CEO of ADAB Solutions, Timur Turzhan . "By investing in FICE, you will not only support the needed and well-timed project for the Islamic Ummah of the whole world, but also make a valuable acquisition that can bring a decent profit. Our team is dedicated to its business and will do its best to achieve all the goals set."

ADAB Solutions Company registered under the UAE jurisdiction. The company aims to provide solutions to attract Muslims community to the crypto economy.
To learn more about the project please contact Timur Turzhan at +971-4-5610950, or email timur.turzhan@adabsolutions.com , or visit the website at http://www.adabsolutions.com .
Source: ADAB Solutions

Latest Press Release

Fitch Rates EASY BUY#s THB Senior Unsecured Bonds at #AA+(tha)#

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to EASY BUY Public Company Limited's (EB; AA+(tha)/Stable) upcoming issue of senior unsecured bonds. The bonds will have a tenor of up to three years. KEY RATING DRIVERS The...

5m USD Ampleforth Sale on Tokinex Completed in 11 Seconds

Tokinex, the Bitfinex and Ethfinex Initial Exchange Offering platform, today announces the successful completion of its first sale in just 11 seconds. The Ampleforth sale of 5 million USD reflected ten percent of AMPL's token supply. Successful...

Photo Release: KBank wins three big awards at The Asian Banker Thailand Country Awards 2019

Mr. Suwat Techawatanawana (center), Executive Vice President, Ms. Suporn Sunthornrohit (right), First Senior Vice President, and Ms. Arporn Sirisrisakunchai, Head of Marketing Campaign Intelligence Department of KBank, represented KBank to receive three...

Photo Release: KTC offers cardmembers up to Bt. 2,000 cash backs at Caltex gas stations.

Ms. Pittaya Vorapanyasakul, Executive Vice President - Credit Card, "KTC" or Krungthai Card Public Company Limited, jointly with Mr. Salman Saadat, Country Chairman and General Manager - Products, Chevron (Thailand) Limited, a world standard gas station...

Fitch Ratings: Large Thai Food Retailers Face Challenges to Maintain Margins

Fitch Ratings-Bangkok-13 June 2019: The margins of Thailand's leading food retailers will come under pressure over the medium term due to fiercer competition, higher fixed costs per unit of sales from smaller store sizes and increasing proportion of...

Related Topics