The ADAB Solutions project, based in the United Arab Emirates, plans to launch FICE, the first Islamic cryptocurrency exchange, which will operate "in accordance with the principles of Sharia." It is expected that the company's profit will reach $ 146 million per day and $ 4.4 billion in monthly turnover by 2020.
A new project has not yet been launched but has already attracted a lot of attention from the crypto-community. The first Islamic crypto – exchange was ranked number one in the recently published rating of "TOP-10 ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details projects that became the most useful ideas of 2018".
The company claims that their product is "an opportunity for the crypto-market to enter the Islamic world." And this will be "the world's first cryptocurrency exchange, which will act in full accordance with the principles of the Islamic economy."
This means that two special units will be allocated to manage the work of the platform. In its structure, FICE will have a special department of Islamic finance and a Sharia advisory council. It will bring together well-known Islamic financial experts.
According to ADAB Solutions, the difference between traditional and Islamic exchange platforms is that FICE will not conduct speculation or market manipulation.
ADAB Solutions plans to attract about 730,000 people after the launch of the project in 2019. The team plans to increase this figure almost three times and reach 1.9 million viewers in 2022, including Muslim and non-Muslim users.
Editor: Yuliya Soroka