Adab – The First Cryptocurrency Exchange Functioning In Accordance With Shariah Rules
Adab – 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 Adab there will be no projects related to any of the following:
- Immoral Service
- Production of Alcoholic beverages and tobacco product
- Financial pyramids
At Adab there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
An additional listing requirement is an approval by the Shariah Advisory Board.
These restrictions are not enforced only for religious reasons, they also exclude the appearance of low-quality assets on the exchange.
The uniqueness of ADAB Solutions
The first exchange compliant with the norms of Islam.
Today, 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 norms
The Shariah Advisory Board, acting on an ongoing basis, will conduct the in-depth and systematic study of the cryptocurrency market and its elements for compliance with Shariah law.
Intended for a huge audience
Islamic 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 System
The 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 safety
The 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.
The high potential for growth of the value of the token.
The expected growth in the client base and the volume of transactions on Adab is the direct driver of the price of the ADAB token, the only cryptocurrency, 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 area of application of the Islamic financial system.
Ensuring compliance with the principles of Islamic finance
Islamic Management Model
ADAB 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 Board
Compliance with the norms of Islam in Adab 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 Charity
Quarterly, 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.
Adab Solutions will pass an independent certification of all regulatory and legal documents and procedures.
Adab Solutions will carry out the annual audit for compliance with the principles of Islamic finance by independent and reputable companies.
- 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 population to the cryptocurrency market.
Terms: September 2017 – November 2017.
- Step 3
The development of the philosophy and mechanics of the exchange, based on the principles of the 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
The beta release of the Islamic Exchange First Islamic Crypto Exchange with the support of cross-platform trading clients.
Terms: April 2019.
- Step 10
The 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 13
Formation, 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
To know the latest information about Adab project you can visit the link below:
Disclaimer: “I’m not a representative or a member of the Adab team, I just give you the latest ICO info”