It has not been long this same organization announced its intention to launch its first-ever sharia compliant Islamic Crypto Exchange (FICE), today, the firm has fixed a date for it.
Adab Solutions is getting ready to conduct an ICO in September, and the organization has revealed that tokens purchased in the ICO will be utilized as utility keys inorder to get access to the exchange’s platform services. It likewise uncovered that all commissions inside the FICE will be paid only in Adab tokens.
Talking about the about-to-be-launched ICO, Founder and CEO of ADAB Solutions, Timur Turzhan stated:
Thoughts that relate to the standards of the Shariah depend on the justifiable material value, having a reasonable business technique, and this enables us to unquestionably declare that halal activities are exceptionally more secure and more fruitful than the wonderful indications of numerous digital currency activities. By putting resources into FICE, you won’t just help the required and very much planned task for the Islamic Ummah of the entire world, yet in addition make an important procurement that can bring a conventional benefit. Our group is committed to its business and will do its best to accomplish every one of the objectives set.
Trade Arabia, an in-house Sharia Advisory Board (SAB) made a report on independent international Sharia experts being in place to ensure that the exchange achieves full compliance with the tenets of Islamic law at all times whose purpose is to ensure an enhanced quality of assets on exchange, as well as enhanced inclusion of Islamic cryptocurrency enthusiasts and traders.