The First Islamic Cryptocurrency Exchange (FICE) will go live in June 2019, their roadmap states. FICE is supported by ADAB Solutions, a crypto, and blockchain company based in the United Arab Emirates. The exchange will operate in “accordance with the principles of Islamic finance” and the Shariah laws.
We solve the problem of aligning crypto assets with the high moral and cultural values of Islam by creating a global cryptocurrency platform for both Muslims and the world at large,
The platform states. The conception is strongly adjusted with the Islamic moral, the homepage utters, and will not permit any illegal use as well as any usury, gambling, immoral services, production of tobacco or alcoholic beverages, and financial pyramids.
Muslims around the world are almost 2 billion and the number is increasing. All these people, the FICE’s website claims, cannot take an advantage of the new technologies which prevents the market of advancing. Therefore, the crypto exchange comes to serve Muslim (and not only) investors who wish to make a profit out of cryptos. It also aims to become a supportive platform for various halal projects.
FICE was recently listed in the TOP 10 ICO Projects That Became the Most Useful Ideas of 2018, a ranking by TheCoinShark. It was marked as #1 in the list, considering its high prospects in the near future. The estimated volume of the Islamic financial assets is the mind-blowing $3.8 trillion USD, expected in 2022.
ADAB ICO tokens are currently on a pre-sale until 28th of December. The Islamic digital assets currently go on the price of $0.1 but are predicted to reach $11 USD by 2022. Investors can use them to pay commissions on FICE and hopefully, to trade them on the crypto market later.
FICE also plans a massive marketing campaign to attract potential investors. According to their financial forecast, at least 1% of the Muslim population can become FICE’s client within four years and they expect that loads of non-Muslims will follow, too.