[ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms

[hesham51]

Maxat Salpyn Deputy CEO on Islamic Finance - ADABsolutions at DUBAI INTERNATIONAL BLOCKCHAIN SUMMIT on 9 AUGUST 2018 - DUBAI ATLANTIS HOTEL, THE PALM

Maxat Salpyn
Deputy CEO on Islamic
Finance

[Kirilp]

ADAB Solutions presents a code of conduct for ICO
https://medium.com/@adabsolutions/adab-solutions-presents-a-code-of-conduct-for-ico-987c7ad1de7c

[Asmh85]

Can I buy your token by Quran? 

[memii]

The importance of Sharia certification or approval can't be denied that's why Stellar's management felt need of acquiring such certification. You are going to run exchange services which is that part of the world can open way for mass adoption and usage of cryptocurrencies. I am interested in such projects to know more about.

[hesham51]

Can I buy your token by Quran? 

Sorry, you can only us ETH or BTC as payment method.

we have also a decent bounty you can participate in.

https://bitcointalk.org/index.php?topic=4722627.0/

[hesham51]

Reasons you should participate in ADAB Solutions ICO and buy ADAB tokens

https://medium.com/@adabsolutions/reason-you-should-participape-in-adab-solutions-ico-and-buy-tokens-d2a4df43acf4

[bongbong2014]

The Adab Solutions project has no analogues in the world. Today, there is not a single cryptocurrency platform or a crypto exchange, which would guarantee activities based on Shariah. Adab Solutions will be the first project that will allow performing cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah norms.

[whitetoo]

The importance of Sharia certification or approval can't be denied that's why Stellar's management felt need of acquiring such certification. You are going to run exchange services which is that part of the world can open way for mass adoption and usage of cryptocurrencies. I am interested in such projects to know more about.

Hello,sir. Thanks for your interest to our project. We really appreciate that. We believe that our moral and socially acceptable behavior, ethical ways of doing business, giving back to the community, arranging charity works, providing the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law. Also, many questions were asked, regarding the inclusivity of the project, whether it is for everyone or for Muslim people only. We are always trying to highlight the fact that our project is not based on religious beliefs, it's following the common principles of Sharia Law, including all the above stated principles. It is considered as a successful business model, that we would like to adopt. And the project is for eveyone, regardless of race and beliefs. We are running the business, but doing it ethically and morally. It's more of an opportunity to the Muslim communities to participate in crypto economics, not worrying about the ethical or moral principles of crypto exchange. Uniqueness of this project, not only concluded by following the Sharia Laws, but also including the best possible security options, in accordance with the highest standards of security and key programme solutions.
During the market research phase, we've came accross some common problems, industry is facing right now. Firstly, there is a lack of involvement from Muslim communities into the cryptocurrency market. Muslim community totally of 1.8 billion people all over the world needs a cryptoplatform functioning in accordance with the principles of Sharia Laws. ADAB Solutions presenting the FICE-First Islamic Crypto Exchange, which allows new major sector of cryptocurrency market, focusing on Muslim communities, Islamic finances users, and all the interested people. Secondly, there is a lack of trust to key instruments of cryptomarket, and the absence of new investors and markets. Dynamic crypto market development depends on the continious engagement of new participants and sectors of economy. ADAB Solutions project may perform as a mediator between the crypto market and Muslim communities.
We have a road map and white paper for our project available on our website https://adabsolutions.com/. You can get more acquainted with the project. We are arranging ICO on 3 stages. Closed pre-sale(15.08.2018-05.09.2018), Public pre-sale(06.09.2018-29.09.2018) and Crowsale(30.09.2018-15.11.2018).  

[vitruvio]

Did I understand the essence of Islamic investment correctly? It is forbidden to give money at interest, and when working together we become partners and share profits? It is also forbidden to Finance and become a partner in certain activities.

[AlexMilton]

ADAB Solutions presents a code of conduct for ICO

Here are some important points:
Technical token emission limit: 480 000 000
Tokens trading volume: up till 345 000 000
Soft cap: $2 500 000
Hard cap: $ 18 700 000
Amount to be collected on closed and pre-sales: $5 610 000
Amount to be collected on the crowd sale:$ 13 090 000
Token price USD: 0.1$
Available payment methods: ETH, BTC
Closed pre-sale starting day: 15.08.2018
Closed pre-sale ending day: 05.09.2018
Public pre-sale starting day: 06.09.2018
Public pre-sale ending day: 29.09.2018
Crowdsale starting day: 30.09.2018
Crowdsale ending day: 15.11.2018
Token emission date: 30.11.2018
Smart-contract launch: 30.11.2018
Exchange listing: 31.12.2018
Minimum token amount to be purchased: 1000 ADAB

[hesham51]

Did I understand the essence of Islamic investment correctly? It is forbidden to give money at interest, and when working together we become partners and share profits? It is also forbidden to Finance and become a partner in certain activities.

In Islamic finance, interest shouldn't be as a prior determined percentage, it should be varied according to the revenue. In addition, some of activities which are related to sex, alcoholic, and lending with percentage.
You can refer to the white paper in this thread to have more information about Islamic economy and the specific activities which are forbidden.

[AlexMilton]

Did I understand the essence of Islamic investment correctly? It is forbidden to give money at interest, and when working together we become partners and share profits? It is also forbidden to Finance and become a partner in certain activities.

In Islamic finance, interest shouldn't be as a prior determined percentage, it should be varied according to the revenue. In addition, some of activities which are related to sex, alcoholic, and lending with percentage.
You can refer to the white paper in this thread to have more information about Islamic economy and the specific activities which are forbidden.

[Odeoke]

Did I understand the essence of Islamic investment correctly? It is forbidden to give money at interest, and when working together we become partners and share profits? It is also forbidden to Finance and become a partner in certain activities.

In Islamic finance, interest shouldn't be as a prior determined percentage, it should be varied according to the revenue. In addition, some of activities which are related to sex, alcoholic, and lending with percentage.
You can refer to the white paper in this thread to have more information about Islamic economy and the specific activities which are forbidden.

Will this ICO accept payment for non Muslim people as per their strict policies about listing on this exchange. I hope they should implement this rule in ICO too than what they will make rule for this token sale?

[AlexMilton]

Did I understand the essence of Islamic investment correctly? It is forbidden to give money at interest, and when working together we become partners and share profits? It is also forbidden to Finance and become a partner in certain activities.

In Islamic finance, interest shouldn't be as a prior determined percentage, it should be varied according to the revenue. In addition, some of activities which are related to sex, alcoholic, and lending with percentage.
You can refer to the white paper in this thread to have more information about Islamic economy and the specific activities which are forbidden.

Will this ICO accept payment for non Muslim people as per their strict policies about listing on this exchange. I hope they should implement this rule in ICO too than what they will make rule for this token sale?

We are working with everyone regardless of race, nationality or religion. We are running our business based on moral and ethical standards inspired by Sharia norms. We are not supporting any activities including sex, alcohol, gambling ad etc. We have particular restrictions, that we will take into account during ICO stage for sure.

[AlexMilton]

[hesham51]

[hesham51]

One of the key factors for our success is the project team

ADAB Solutions finally presents the project team. See our amazing team of professionals in this article.

https://medium.com/@adabsolutions/adab-solutions-project-team-7c2dabc20d75

[Asmh85]

How can I find the bounty links?

[hesham51]

How can I find the bounty links?

Hi, please find the below links to the bounty thread and bounty telegram.
Bounty thread: https://bitcointalk.org/index.php?topic=4722627.0/
You can join the bounty group here: https://t.me/adabbounty

[hesham51]