United Arab Emirates-based ADAB Solutions palms off with promises to launch the First Islamic Crypto Exchange (FICE).

According to their website, the company has completed 6 out of 13 steps on their roadmap to becoming a fully operational ‘Halal’ Crypto Exchange.

Rough expectations of ADAB Solutions are that by 2020 the platform will produce $146 million in daily turnover reaching $4.4 billion per month.

Their estimates are not coming from thin air; according to DailyNews, the Islamic Finance Market has been growing 10%-12% every year for the last ten years and will reach $3.5 trillion by 2020. At the same time in July 2018, Thomson Reuters, an analytics platform, has already estimated its value at $2.3 trillion.

Currently, the company is running an ICO for their ADAB tokens which will be concluded in February 2019. At the moment the price of an ADAB token is $0.1 but the company forecasts an increase up to $11.5 by the end of 2022.

To provide the clients of the exchange with ‘Halal’ only cryptos, ADAB has formed a department specializing in Islamic Finance and Shariah Advisory Board. The exchange has promised not to list tokens related to gambling, exploitation, immoral services, alcohol, tobacco, and Ponzi schemes.