ADAB Solutions integrates the Islamic management model into business operations
The Islamic economic model today is one of the most dynamic areas of the modern economy, which is actively moving beyond the Muslim countries. In the 21st century, the Islamic economic model overcomes the shortcomings of the capitalist and conventional economic systems that dominated in the 20th century.
In order to understand how Islam and the principles of Islamic finance can relate to cryptocurrencies, it is necessary to understand when and how Islamic economic model works and are approved by the Shariah rules:
One of the most important features of our project is the management of the company in accordance with the Islamic management model, which supplements the generally accepted standards of business management. The Islamic governance model ADAB Solutions intends to follow, based on the following approaches:
Supervision of the management of ADAB Solutions on the compliance of activities with Islamic principles;
The responsibility of ADAB Solutions for compliance with Islamic principles;
The Shariah Advisory Board, which will track the compliance of ADAB Solutions practice with the norms and principles of Islamic law;
Implementation of internal Shariah supervision (Shariah Review);
The work of the internal research and development department (Shariah Research);
Perform regular audits of ADAB Solutions (Shariah Audit);
Managing the risk of non-compliance with Islamic principles;
Development and publication of reports on the activities of ADAB Solutions, key provisions and expert opinions (resolutions).
These requirements are consistent with the Islamic Corporate Governance System developed on the basis of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB), which ensures that ADAB Solutions will be managed in accordance with Islamic norms.
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