More insights about the First Islamic Cryptocurrency Exchange
Islamic economic model is the one of the most dynamically developing fields of modern economy, which is actively expanding beyond Muslim countries.
Islamic finance is recognized by the governmental and international organizations as a financial intermediary, which has a huge potential in communication bounding between financial institutions and the real economy sector. The implications and function of Islamic finances have spread substantially, and has been included to the agenda of G20 and OECD countries.
Opportunities of Islamic finance dilation in the area of financial service inclusivity and reaching the community welfare coincides to OOH(SDGs) Global aims of sustainable development.
According to International Monetary Fund(IMF) assessment, Islamic finances give an opportunity for plenty of IMF countries to strengthen their financial intermediaries, increasing the level of financial services and to raise investments for a sustainable economic development.
Global Bank(GB) is considering Islamic finances as an effective tool for financial development, including both Muslim and non-Muslim countries, which allows to solve the problem of the poverty and will be cooperating to arrange the global prosperity.
Increase in the sector of Islamic finances has reached 12%, while the global market of Islamic finances assets has amounted 2 trillion US dollars.
Previous information was validated by the “Towards Sustainability” report, which forecasting an increase in the sector of Islamic finances up to 3.78 trillion in 2022.
Islamic finances have a great potential and tendency to grow. Our project is adopting the strong elements of Islamic finances.
Technical principles of the exchange
FICE is creating the technologically advanced service, which is providing traders and investors with optimal set of tools. FICE technical principles can be formulated as following:
Innovative and fast FICE Matching Engine
· FICE platform can process up to 3 000 000 inquiries per second, making FICE one of the quickest crypto exchange platforms
Further functional dilation of FICE
· Key functions will be implemented on FICE exchange
· User’s crypto wallet
· Spot trading
· Tools for technical analysis
· Trading of crypto assets for the fiat money
FICE will be gradually increasing the sale of cryptocurrency pairs. Exchange will be holding listing of the coins, which do not give any doubts about the safety, and has a broad users` base and liquidity. Additional requirement will be the listing approval by the Advisory Board of Islamic finances.
FICE will be supporting the cryptocurrency trading pairs of:
· BTC
· ETC
· Cryptocurrencies, approved by the Advisory Board of Islamic Finances
Cross-platform trading clients and devices support
FICE will provide an access to cross-platform trading clients:
· Browser client for Internet-trading
· Android user client
· HTML5 mobile client
Multilingual technical support
FICE is supporting Arabic, English, Russian, Chinese, Malaysian, Indonesian languages for all user interfaces. FICE Alfa-release is planning to be issued in English and Arabic languages. Additional languages will be added further.
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