Listing of the halal projects on the FICE

ADAB Solutions is going to provide the halal projects with a reliable platform for listing on the basis of FICE.

Before the listing projects will be considered by the Sharia Advisory Board, which will check whether the project complies with the Sharia norms or not. The Board will not approve the projects connected with the following activities

1) Gambling;
2) Usury;
3) Immoral services;
4) Production of alcoholic beverages;
5) Tobacco products;
6) Pork;
7) Animal meat not slaughtered by Sharia rules;
8) Financial pyramids.

The Sharia Advisory Board represented by Top recognizable scholars in the field of Islamic finance. The Board will provide the projects with deep analysis which will give an opportunity to use the tools of Islamic finance for all the users regardless of the race or region.

The proportion of illegal (haram) elements should be very small in comparison with the main activities.
Public perception or company image should be good and beneficial (profitable in general) to the Muslim Ummah and the country while the illegal elements is avoided or very small.

When there is suspicion of dishonesty in any company or its employees or an indication of bearing excessive investment risk, investments in such companies will be deemed unacceptable and they will not be admitted to be listed on the exchange.

The system will provide projects with protection from pumps, dumps, margin trading and market manipulation. The FICE will completely exclude the possibility of speculative transactions, margin trading and the operations which don’t correspond to Sharia.

FICE is a platform not only for Muslims and Islamic blockchain startups. It’s the open marketplace for everyone who wants to build an honest technology business.

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