Cryptocurrency Q&A
Will a Shariah advisory board decide which coins will be listed?
Will a Shariah advisory board decide which coins will be listed?
BonsaiGrace
Mon Jul 15 2024
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6 answers
1510
Could you elaborate on the role of a Shariah advisory board in determining which cryptocurrencies are eligible for listing? Given the complex nature of cryptocurrency regulations and the diversity of coins available, I'm curious to know if a Shariah advisory board would play a definitive role in setting the criteria for listing. Would their decision be binding on all parties involved in the listing process, or would it merely serve as a guideline? Furthermore, how would the board ensure that the coins they approve align with Shariah principles, given the rapid evolution of the cryptocurrency landscape?
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6 answers
OceanSoul
Tue Jul 16 2024
ADAB Solutions, a project originating from the United Arab Emirates, aims to introduce a unique cryptocurrency exchange platform tailored for the Islamic community.
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Maria
Tue Jul 16 2024
Only coins that meet the strict criteria set by the board will be approved for trading on FICE, ensuring that investors can engage in cryptocurrency transactions with confidence and peace of mind.
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Paolo
Tue Jul 16 2024
Central to this initiative is the establishment of a Shariah Advisory Board, a group of experts tasked with determining which coins are suitable for listing on the exchange.
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HanRiverVisionaryWave
Tue Jul 16 2024
The launch of FICE marks a significant milestone in the integration of cryptocurrency and Islamic finance. It provides a platform for Muslims worldwide to participate in the digital currency market while adhering to their religious beliefs.
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Martina
Tue Jul 16 2024
This advisory board will ensure that the exchange, dubbed FICE (First Islamic Crypto Exchange), operates in accordance with the principles of Shariah law.
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