ADAB Solutions | A Shariah Compliant Cryptocurrency Based on Islamic Finance



Maimunah Abubakar Jibril



The advent of the Bitcoin and its protocol the decentralized blockchain technology has bought so many revolutionary projects that affect our lives positively. There is a lot of innovative projects in the crypto space each with its unique feature. The ADAB Solutions is one of the cutting edge projects that is revolutionizing the cryptocurrency trading exchange marketplace. It is the First Islamic Cryptocurrency Exchange - FICE in the whole world today. ADAB Solutions is built in conformity with the norms and values of Islamic which is based on the principle of Islamic finance.

ADAB Solutions Project

The ADAB Solutions project deemed it fit to create a platform that will service the Muslim population and the whole world at large regardless of the users' religion. The global cryptocurrency exchanges marketplace is experiencing a huge turnover of daily transactions. It experiences a monthly trading volume of over $600 billion with over $2 billion monthly earning on commission. The cryptocurrency marketplace is projected to have the potential growth rate of $1 trillion trade monthly. This is huge but there is no cryptocurrency exchange that is built to service the Muslim population base on their belief and conviction.

Cryptocurrency is permissible in Islam but a lot of Muslim do not know this. There are projects in the crypto economy that are scams and are against the norms and value of the Muslims such as Ponzi schemes and gambling, usury, speculation transaction, margin trading, immoral services and anything that is not acceptable by the Shariah.

What the ADAB Solutions Project Offers

The ADAB Solutions project offers a cryptocurrency trading exchange platform that is built with the high moral and principles of Islam to the Muslim people and also to the whole world at large irrespective of one's belief. It services include but not limited to;

1. The ADAB Solutions platform is a cryptocurrency exchange that will list only shariah compliant coins. The coins will be investigated and approved by the Shariah Advisory Board thereby providing halal cryptocurrencies for trading.

2. The ADAB Solutions is the world first Islamic cryptocurrency exchange platform that has developed an Islamic cryptocurrency infrastructure. A platform where Muslims can come to access halal cryptocurrency projects. It will provide an Islamic base cryptocurrency and technology. This will help determine the future of world finance as cryptocurrency is the future of money.

3. The ADAB Solutions platform is projected to experience a $146 million daily trading volume and a turn over of $4.4 billion within its one and a half years of trading. A lot of conservative Muslims will want to venture into cryptocurrency trading and investment. For the fact that there is an infrastructure built according to their believes, norms and value.

4. The ADAB Solutions will demonstrate the high value of the Islamic finance with its honest, transparent, and reliable transactions on its cryptocurrency exchange platform. It will also provide a secure ecosystem that will make its users have confidence in their trading activities as well as their crypto investment.

5. ADAB Solutions platform will reduce excessive risk since it does not allow speculation trading. This will protect the users, stabiles the exchange platform and increase the reliability of the transactions carried out on the platform.

Islamic Finance Market

The population of Muslims is 1.8 billion which covers more than 120 countries around the world. The Islamic financial sector has a growth rate of 12% each year and it is projected to be $3.78 trillion by 2022. The crypto investment is expected to grow by 270% per year since there is an exponential growth in cryptocurrency and the Muslim ummah will not be left behind in this reality of virtual investment. Cryptocurrency is the future.

The ADAB Token

The ADAB Solutions platform uses the ADAB token as the mechanism of payment. The token is an ERC 20 standard token created on the Ethereum blockchain.

The token is the first Islamic based cryptocurrency on the decentralized blockchain that is built on a well developed economic model to sustain its value. The Token is based on a deflationary economic model where the number of tokens is constantly decreasing. It is a halal coin available to Muslims and anybody that wants to use it.

Roadmap

The Team

The Advisors

Conclusion

The absence of cryptocurrency exchange working based on the principals of Shariah has necessitated the creation of ADAB Solutions ecosystem. The platform is base on the high principle, value and norms of Islamic Finance. It aims at introducing the usage of cryptocurrencies to the Muslim Umah thereby increasing the usage of cryptocurrency and exposing it to mass usage. The present on an Islamic based cryptocurrencies will clear the doubt of conservative Muslims that are sceptical cryptocurrencies in Islam. It will present an authentic Islamic point of view of cryptocurrencies.

For more detailed information. Visit Website and read the Whitepaper. Join the Telegram for answers to your questions. Follow the Facebook account, Twitter and Reddit for important updates.

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