- ADAB Solutions will solve the problem of halal cryptocurrency operations
- ADAB Solutions will solve the problem of excessive risks of cryptocurrency systems
- ADAB Solutions will solve the problem of developing Islamic cryptocurrency infrastructure
- Absence of a crypto exchange, functioning in accordance with the norms of Shariah
- The lack of a unified position of the Muslim community regarding the cryptocurrency
- Uncertainty of Muslims regarding the admissibility of working with cryptocurrencies
- From the turnover of existing crypto exchanges, zakat is not paid.
- The Adab Solutions project has no analogues in the world. Today, there is not a single cryptocurrency platform or a crypto exchange, which would guarantee activities based on Shariah. Adab Solutions will be the first project that will allow performing cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah norms.
- The Adab Solutions project is aimed to a huge audience of 1.8 billion potential Muslim users of the cryptocurrency market.
- Projectibility of the project. The Adab Solutions project is designed in accordance with the highest security standards and has unique technical features of key software solutions.
- The Adab Solutions project forms a system of values based on Shariah norms and principles of Islamic finance, which will become the basis for self-regulation of the cryptocurrency market and will increase the level of confidence in a key cryptocurrency instruments.
- Full transparency of the Adab Solutions project. Transparency of the project and safe jurisdictions will make it possible to buy and sell cryptocurrencies for fiat money.
- Objectives and mission of the project
- The ADAB Solutions project is developing the FICE- First Islamic Crypto Exchange , based on the norms of Shariah.
- The purpose of the ADAB Solutions project is the creation of a crypto -exchange platform, a stock exchange and services that comply with the norms of the Shariah and operate on the principles of Islam.
- The mission of the ADAB Solutions project is to create conditions and services based on the high moral and cultural values of Islam and provide access to all users of crypto economics.
- The key task of ADAB Solutions is to create a structure that will establish new ethical standards for doing business in the industry.
- ADAB - standards of behavior prescribed by the norms of the Shariah, including good manners, standards of decency, courtesy, humanity.
- The name of ADAB Solutions is a big responsibility for the creators of the project.
- ADAB is a way of life in Islam, which the founders of the project consider not only natural in everyday life, but an obligatory foundation of business relations.
Deputy CEO of Islamic Finance
Director of Marketing
Director of project promotion
Head of development Department
Senior IT advisor
Khalil Ben sassi
Community development manager
Mufti Faraz Adam
Internal Shariah Compliance Officer
Advisor Marketing and PR
Gaurav Areng Chakraverti
Marketing ICO Advisor
Sulaiman Al Fahim
Advisor on Investment and Strategic Development
Mr. Muhammad Abu Bakar
Advisor on Islamic Finance
Rated on 2018-08-14
Very unusual idea. Now it is heavy to foretell what from this will turn out, but I am sure that the huge Islamic world will approve this project and will inhale fresh blood which is very necessary for this industry in general on ICO market. Therefore I put the five to this project especially as strong team, MVP is ready. I will watch the project further. I wish you will progress greatly!
Rated on 2018-08-03
Looks interesting and fit to the market needs and with competitive advantages. The team and advisor board are strong to execute the plan. Looking forward to see the project success!
Rated on 2018-08-05
I think this exchange can be really helpful for the people of the Arab world who might not have had a good way to invest in crypto markets so far. Team looks good and so do advisors. Wish them All the best!
Rated on 2018-08-06
The team is strong. A great way to attract more Islamic population to the world of cryptocurrencies. Though the competition is high, there are already hundreds of cryptocurrency exchanges in the market, the company needs to identify a competitive advantage to make a dent in the market. KYC has been approved and the company Vision is clearly specified. I wish them great success.
Rated on 2018-08-06
1. I would like to see what other experts see consider a weak team. For me, this one is so-so. Local (to Kazakhstan), no experience in exchange business (at least key executives), and their main market should be in Arab world. 2. Exchange business is highly competitive, they have to do much better then just claiming the Islamic card 3. There is no product, nor did they start working on it. Overall - very risky. Update in response to the team member: Your key Executives are in Kazakhstan. ICO advisors usually don't do much and it does not matter for me where they are or who they are. What you call MVP is a static web site with BTC at $700 and something my team can put together in 2 days. Certainly not a Viable product, very very far from it. The expertise of the team members is mostly in Agriculture business, nothing to do with trading, exchanges, or technology of exchanges, which is clearly visible in your "MVP" Update to the team member response: Please read my comments, you answered imaginary questions. MVP stands for Minimum VIABLE Product, and you claim it's live. What I saw is a static page where price of Bitcoin is $700 and similar things, which indicated it was something done in a couple of days by a Designer who doesn't know what he's drawing. There is certainly nothing working in there. For responses you provided I usually reduce the rating, since it demonstrates clearly the hype rather then real work and real professionalism.
Rated on 2018-08-08
Its difficult to understand this project unless I understand the financial situation of Islam. It was difficult for me. However, given the market, there is no doubt that strong demand exists. I respect respecting projects that challenge unprecedented things. Because there is no precedent, it is necessary to carefully consider whether this is acceptable to the market. I will continue to watch this project and improve my evaluation. The team is solid, but I can not find a member with a strong experience with block chain development. MVP is simple and functional. *I improved the evaluation as the team improved.
Rated on 2018-08-08
Really interested in this! Have been looking at projects around Islamic Crypto. This could truly open up a multi billion dollar market. Team needs to follow through with execution.
Rated on 2018-08-08
Video Version is improved. The numbers of the future, e.g. $4.4 billion are presented like facts. The project would look more respectable if you state more facts what differentiats the islamic crypto exchange and why other exchanges can not be used according to sharia.
Rated on 2018-08-09
Solid and strong team which is always a good thing to consider. As this is exclusively an exchange designed for Islam community which is good too but it needs to take aspects of culture into account and regulated laws/ policies in place. MVP need to be improved in terms of speed and IX/UX to make it a great exchange in the future. Good luck
Rated on 2018-08-10
The fact that there is nothing like this yet shows the reluctance of the arab world to turn to cryptocurrencies. I personally think the idea of having a halal crypto exchange is brilliant and is definitely something that will be needed in the long run. Having said that, I also see a lot of issues with this project: - Hard cap unrealistically high - Team with very little experience - Advisory team almost no crypto experience - No proper MVP - Competition is fierce, no coherent marketing strategy to gain traction UPDATE: After chatting with the team on linkedin, I feel this project deserves a higher score. They are adding people to their advisory board, the MVP is being updated regularly, and the team has been strengthened.
Rated on 2018-08-10
The idea is surely good and fills a specific market niche. Has MVP, strong advisors and passed KYC. Overall is good, but the core team can be improved by adding specialists from MENA region.
Rated on 2018-08-11
Very strong team with clear background. Bold vision of an obvious demand for this as our commnity have always been open to all religions. MVP is there although it would be nice to see an actual working Alpha before the ICO starts. Advisory board is impressive. KYC passed. Strategy carefully explained in details. Very promising project.
Rated on 2018-08-24
Nice team and good wp The base idea and the community are very attractive, it’s unfortunate that the project to apply to them to this day doesn’t have actual solutions Adab solution is a project to keep into consideration I’m looking forward to further developments and concreteness. Awesome project
Rated on 2018-08-15
ADAB makes first Islamic Crypto Exchange with a strong team . KYC is approved. The vision is great which has great demand. The product will have high demand in Muslim community .
Rated on 2018-08-17
Crypto exchange on the norms of Shariah is good. There will be more adoption of cryptocurrency in the market. There roadmap shows alpha release in Dec - 2018 to Feb - 2018 which is very early, Not sure about team if they will be able to deliver on that. Hopefully they will prove me wrong. Best of luck team.
Rated on 2018-08-17
Islamic banking solution on blockchain infrastructure will become the base to adopt blockchain technology for traditional banking systems. Adap is creating the first innovation solution which is compliant with Shariah laws. Team is very experienced and vision is very clear. Disclaimer: This is an independent review on the ICO, and does not lead to investment advice. ICOs are risky, kindly do your own research before invesment.
Rated on 2018-08-18
I found the concept very innovative and one that will revolutionary as it opens up an enormous business opportunity. Incorporating blockchain technology allows the platform to perform a multitude of functions. The team also has a spectrum of capabilities from technology to marketing and business development.
Rated on 2018-08-19
Ok after speaking to the team they provided all evidence and answered all my questions, hopefully this project will catch the attention of the right people. It has potential
Rated on 2018-08-21
Love the idea and white-paper but they need a strong Blockchain developers team put idea into the reality. Hard-cap is reasonable to build the exchange!
Rated on 2018-08-20
I really like the concept of opening up new exchanges that allow new retail investors into the space. Especially in regions where its currently difficult to get into the market. They have some solid team members and advisors. However, I do have hesitations about the development team and their overall ability to execute. My main concern with this is the technical aspect.
Rated on 2018-08-20
"ADAB Solutions is founded to create a platform for halal projects, to work in a full compliance with the norms of Islam and Islamic finance. Our task is to help Muslims and the community of crypto-investors to understand what in the market the cryptocurrencies is compliant with the Shariah rules and what does not." This is a significant contribution! Plus point for having 5 KYC passed individuals in your project.
Rated on 2018-08-21
In my opinion, I think Igor hit it right on the dot, the team seems to be ideal, the idea appears to be fairly solid. I am not an expert on Islamic Financing or securities, but am familiar that there are several distinctions from what I am used to. Decent set of advisors. I didn't see references, and there are a few things in the white paper that I feel could be changed. *Please see my profile for disclosures
Rated on 2018-08-22
Team - well experienced and educated, some good advisors too. Could use a CFO and risk manager as an exchange, but potentially covered by experience in core team already. Vision - an exchange with a targeted market for its USP. What's not to like? In such a homogeneous market place, they've given themselves a great chance with a blue ocean strategy that has the potential to reach c. 25% of the world's population. I'd like to see a better consideration of use of funds - there are fixed and variable costs in there, so some differentiation of soft/mid/hard cap spending would be useful for a full assessment. Product - MVP working, looks good. Good luck to the team with this project. It has the potential to be a huge success.
Rated on 2018-08-22
Team ★★★★★ Vision ★★★★★ Product ★★★★★ If you want to do a succesful project and ICO, you have to be professional with the details, design and marketing, Adab Solutions has it. Then you check the whitepaper and works fine. The project has the support, the correct team and advisors to get introduce crypto on the huge islamic investors. They have Jorge Rodríguez onboard, amazing point. Good project.
Rated on 2018-08-25
Adapted to the needs of the market, ideal for all Muslims around the world. The team and the advisory board have all the skills to carry out the project . Looking forward seeing the success of the project
Rated on 2018-08-28
As a Muslim myself, I don't see much reason in going for creating an Islamic exchange. It's just a makeup in order to attract investors as I can tell when I checked other reviewers' ratings. The only beneficial thing that can happen about that is that if Islamic governments declare that cryptocurrencies are legit, they might adopt this one. Other than that, not much different than regular cryptocurrency exchanges! Neutral +/- On the other hand, it is good that there is an MVP. Positive + The team is quite good as well. Positive + ICO terms are good. 72% are distributed to contributors and hard-cap is $18.7 million. Positive + Project is quite new. Initiated in June 2017. Negative - Hype is weak. 8k on telegram and 4k on twitter. Negative - Website, whitepaper and one pager designs are very poor. Negative -
Rated on 2018-08-29
Great idea to serve niche market. Excellent and capable team. Whitepaper is comperehensive and covers almost everything about targeted market. Financial projections, though, as business are missing. Technically, Whitepaper has nothing much to explain. Tokenomics looks good but hard cap is on higher side for an exchange. Bonus plays on higher side, which is a negative thing, in my opinion. Not sure about locking period of tokens given to bulk investors in private sales. Roadmap is long. MVP is not impressive, looks more like white label exchange. Github is non satisfactory as doesn't have enough resources on development of exchange or MVP as such. Team looks dedicated and capable but lacks on blockchain development side. Islamic regulations are strict and compliance would be a challenge. Distribution of funds looks fair but 12 % being allocated for unforeseen expenses, looks flawed to me. Overall, the idea and market has great potential, product development is weak, team needs relevant skillset, Whitepaper is thorough, roadmap is too long. All the best!
Rated on 2018-08-31
Islamic world will approve this project. I work with people from the Arab world who constantly talk to me about the fact that they would like an exchange like them. So it’s looks interesting and fit to the market needs with competitive advantages. The team and advisor board are strong to execute the plan. Looking forward to see the project success !
Rated on 2018-09-05
As a non-Muslim, I don't pretend to understand Shariah law or how it applies to finance and fintech. I can, however, appreciate an endeavor that wants to open up the cryptocurrency space to 22% of the world's population who, at present time, are unable to participate due to religious and/or cultural reasons. The team behind the project seems incredibly solid, with significant experience in the areas of business formation, finance, IT and software development, and marketing. Both the founder and co-founder, as well as other key members of the team, have already completed and passed KYC. I think that there is definitely a need for a Shariah-complient exchange as there is clear and significant interest in the crypto market from Muslim investors. That the team has a dedicated Shariah compliance officer with many years of experience speaks volumes about their dedication to the project. ADAB Solutions has already released an MVP of its FICE (First Islamic Crypto Exchange) platform. Overall a very solid project - and one whose progress I will be watching with extreme interest.
Rated on 2018-09-07
I think this is a big infrastructure project in the Islamic world. This is a big positive moment. If the project has huge investors, then I think you will be able to reach the HARD CAP. Finally, there will be a variety among crypto exchanges, and this exchange can take a leading position. I would be cautious about the big bonuses. I think that for such a project, it is necessary to refuse the additional bonuses.
Rated on 2018-09-08
The team has a very professional background and the idea behind this will work imo. However, I’d like to see more blockchain background on the team and more developers. Coming from a finance background, I’ve seen the power of having a shariah based portfolio, and have seen it work first hand. For Islamics who want to get into the space, this is an easy way for them to pick between Cryptocurrencies that represent their values, lowering the barrier to entry which is always good for the space as a whole. The exchange space is crowded, but with their focus on a specific target, this one may do well depending on their connections within the Islamic community. However, I’m not sure if an exchange is actually needed to promote principals, rather a hedge fund may be suffice. Everyone wants in on crypto, so I’m glad to see projects like this being developed; with morals and ethics.
Rated on 2018-09-13
White paper - The white paper is professionally done with almost no margin of error. It contains all the necessary details including the complex problem of investing in crypto in the MENA region especially. The detailed breakdown is quite specific and has all the necessary information to make informed decisions. Team - The core team and the advisory team members are both excellent. The only drawback of the team is that it doesn’t contain many team members from MENA region. Maybe it is something the team could address. Tokenomics - The tokenomics is a bit stretched due to the fact that there is a disparity between soft cap (2.5 million US$) and hard cap (18.7 million US$). This effectively means that they are comfortable to proceed with the lower soft cap but ambitious enough to aim for more. Business Model - The business model revolves around the ambitious project of a Shariah compliant crypto exchange. The business targets a niche but highly targeted region with high net worth individuals and funds, who would be more than happy to get on board this project. The rewards are multi-fold if carried out properly. MVP/ DApp/ Working Product - MVP is ready for testing. Overall it’s a high risk/ high gain project which if carried to plans could potentially improve the adoption of crypto currencies for the MENA region (Shariah Compliant).
Rated on 2018-09-19
Great project, I think ADAB can become the most popular crypto exchange in the Islamic world. Especially when the crypto market becomes bigger, ADAB will have a big impact in the crypto world. Great team and people involved. Good luck team!
Rated on 2018-10-12
Such a great project with high potential. This project will have a great influence on the world and I believe that with the right guidance and steering of the team and advisory board, this idea will suit the needs of the market and yes, the market is in need of the tools this project possesses. The MVP is available but needs a few tweaks here and there. I commend the team for their efforts thus far and hope you have a successful ICO.
Rated on 2018-10-16
Very interesting project. Probably the first islamic crypto exchange. I was very leery when I first looked at this project because it is my understanding that cyrptocurrencies are against the religion of Islam. However after reading the WP I understand that the concept is based on the cultural values of the Islamic religion. I don't know how well this project will do, but I respect this group for moving the their religion in a positive and progressive direction. The whitepaper is well done, but the images are a bit blurry. They also have a good team of advisers. This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Rated on 2018-10-21
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Beginning of the study of the cryptocurrency market in the Islamic community.
Formation of goals and objectives to solve the problem of access of Muslim population to the cryptocurrency market.
The development of the philosophy and mechanics of the exchange, based on the principles of the Islamic financial model.
ICO to finance and promote the Islamic cryptocurrency exchange.
Development of the program mechanism of the First Islamic Crypto Exchange.
Registration of the First Islamic Crypto Exchange. Start of work on AdabCrypto (News Portal & Forum) and Adab Charity.
Alfa release of the First Islamic Crypto Exchange, functionality and security check.
Launch a large-scale marketing campaign, in order to attract new users on a large scale.
Beta release of the Islamic Exchange First Islamic Crypto Exchange with the support of cross-platform trading clients.
Official launch of the First Islamic Crypto Exchange.
Expansion of the functional content of the First Islamic Crypto Exchange.
Run Adab Charity.
Formation, on the bases of ADAB Solutions platform and First Islamic Crypto Exchange, of a reliable and developed infrastructure based on the principles of Islamic finance.