ADAB Solutions, a UAE-based startup, has announced that it is going to launch the First Islamic Crypto Exchange (FICE) – the only Shariah-compliant crypto exchange at present.

Founded in 2017, the company is developing the crypto exchange based on the norms of Shariah. It aims to provide solutions to attract Muslims community to the crypto economy.

ADAB said that FICE will be the first project that will allow crypto transactions to be performed in accordance with the principles of Islamic finance and will be open to all users, regardless of religion.

The company will utilize the in-house Shariah Advisory Board represented by international Shariah experts to ensure that FICE activity will comply with Shariah principles at all times. These new standards set forth by the FICE will ensure an enhanced quality of assets on exchange, as well as an enhanced inclusion of Islamic crypto assets enthusiasts and traders.

Trade Arabia reported that Adab Solutions will launch its Initial Coin Offering (ICO) for Adab tokens in September. These tokens will serve as a key to accessing the services of the exchange and all commissions within the FICE will be paid only in Adab tokens.

"By investing in FICE, you will not only support the needed and well-timed project for the Islamic Ummah of the whole world, but also make a valuable acquisition that can bring a decent profit. Our team is dedicated to its business and will do its best to achieve all the goals set,” Founder and CEO of ADAB Solutions, Timur Turzhan.

[This article is not intended as and does not constitute investment advice.]