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.
Best regards and good luck
Do you know about it?
