Islamic finance is alternatively called ethical finance, and this is an absolutely fair name. According to Sharia law, a Muslim should not give money for growth (earn interest), invest in prohibited activities (gambling, production of prohibited products), engage in transactions with excessive uncertainty.
Muslims adhere to these requirements; so they fear such unverified investment methods, like cryptothermia. Many cryptothermies clearly have characteristics forbidden to Muslims. Therefore, in order not to violate the demands of the Sharia, Muslims avoid investments in these assets.
In the world there are at least 50 million users of crypto currency, and among them only a small part is represented by 1.8 billion Muslims living on the planet.
Islamic finance is, in fact, a partnership between a client and a financial institution that promotes honest, transparent and reliable business relationships based on the culture, ethics and principles of Islam.
Blockchain technology is also based on ensuring honesty and transparency – a very necessary function for the modern world, but, unfortunately, the rapid development of the industry led to a paradox: the crypto-currency market attracted a huge number of fraudsters and instead of cleanliness and transparency, market participants got a deception and a shadow market.
Of course, on the other hand, talented and decent people received incredible opportunities to translate their ideas, and their efforts inspire further development of the market. This development was determined not only by regulation, accumulation of experience and the beginning of mass commercial use of the technologies being developed, but also by establishing high moral and ethical standards of doing business in this industry.
People should believe that cryptothermins are honest, reliable and safe.
And in this we see an excellent opportunity for the market to use simple and obvious principles of honesty of Islam.
Now there are no companies offering integrated solutions for Islamic crypt investment. We intend to solve this problem.
Our clients and investors using our services will be sure that their actions fully correspond to the principles of Islam, which is confirmed not only by the opinion of our Advisory Council, but also by the opinions of other experts and the general opinion of the community.
Our idea is not only to create a company; this is an attempt to establish new ethical standards for business management in the industry.
Adab – the behavior prescribed by the norms of the Sharia, including good manners, standards of decency, courtesy and humanity.
“Monotheism calls for faith.” Faith calls for the observance of canons. The canons oblige a man to be brought up. He who does not have courtesy, is far from canons, faith and monotheism. «
“Courtesy is the strict observance of what decorates deeds and activities.”
The name of our company ADAB Solutions is a great responsibility. Adab is a way of life in Islam, which we consider not only natural in everyday life, but also an obligatory basis for business relations.
We will create the world’s first crypto-exchange, which will comply with Sharia law. FICE will become a universal solution for the participation of Muslims and users of Islamic finance in the crypto-currency market. Exchange will act in accordance with the principles of Islam, but it is absolutely open to all users, regardless of religion.
One of the most important features of our project is the management of the company in accordance with the Islamic management model, which supplements the generally accepted standards of business management.
But the main difference is that in our company the Islamic Finance Council (Shariah Advisory Council) involves one of the most important management bodies and decision-making centers.
All this will contribute to the fact that our company will provide high-quality services and information to the Muslim community about the crypto-currency market, will carry out an explanatory mission, facilitate the involvement of the Muslim community in the market of crypto-currency trading.