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

[assasin21rus]

It seems to me that Islamic investors will use the services of this exchange more than other exchanges. They have a very developed sense of support within their religious community.

Isn't the project for too narrow an audience? I think that this is not a very good approach for the further development of the project.

[GOSPOD1N]

The ADAB exchange can win due to its marketing positioning as the first Islamic exchange. This is a very interesting idea!

Is it worth talking only about this aspect of this project? I think there are many important factors in such projects, and also need to talk about them.

I also think that ADAB has chances to be among  leaders. That is why I plan to sell a few coins and invest in this ICO

They are scammers. Stay away from them.

why are they scams?
if you can more evidence and substantiated facts!
to make it more clear to the people present here

I think that the available facts are not enough to make some analysis and conclusions that the ADAB project is a scam. This is a very hasty and unreasonable statement.

Yes, such conclusions in general can not be done ahead of time, why, everything will be fine and the command is normal

[sofaflesh]

It seems to me that Islamic investors will use the services of this exchange more than other exchanges. They have a very developed sense of support within their religious community.

I would like the exchange to be accessible and understandable not only for people and religions of Islam
but also for people with another religion, and that they understand the laws on which the project will be built

[Hanna_Money]

It seems to me that Islamic investors will use the services of this exchange more than other exchanges. They have a very developed sense of support within their religious community.

I would like the exchange to be accessible and understandable not only for people and religions of Islam
but also for people with another religion, and that they understand the laws on which the project will be built

I do not think that the ADAB crypto market will be only for people preaching Islam. It seems to me that the exchange will be for all users.

[tor9]

The ADAB exchange can win due to its marketing positioning as the first Islamic exchange. This is a very interesting idea!

Is it worth talking only about this aspect of this project? I think there are many important factors in such projects, and also need to talk about them.

I also think that ADAB has chances to be among  leaders. That is why I plan to sell a few coins and invest in this ICO

They are scammers. Stay away from them.

why are they scams?
if you can more evidence and substantiated facts!
to make it more clear to the people present here

I think that the available facts are not enough to make some analysis and conclusions that the ADAB project is a scam. This is a very hasty and unreasonable statement.

Yes, such conclusions in general can not be done ahead of time, why, everything will be fine and the command is normal

it’s too early to make any bad or good conclusions
certainly bad that we do not know the laws on which the project is based

[Den1ska]

The ADAB exchange can win due to its marketing positioning as the first Islamic exchange. This is a very interesting idea!

Is it worth talking only about this aspect of this project? I think there are many important factors in such projects, and also need to talk about them.

I also think that ADAB has chances to be among  leaders. That is why I plan to sell a few coins and invest in this ICO

They are scammers. Stay away from them.

why are they scams?
if you can more evidence and substantiated facts!
to make it more clear to the people present here

I think that the available facts are not enough to make some analysis and conclusions that the ADAB project is a scam. This is a very hasty and unreasonable statement.

Yes, such conclusions in general can not be done ahead of time, why, everything will be fine and the command is normal

it’s too early to make any bad or good conclusions
certainly bad that we do not know the laws on which the project is based

Before you make a project, you need to know the laws of the state, but the guys with this problem should not be

[evgenii17]

It seems to me that Islamic investors will use the services of this exchange more than other exchanges. They have a very developed sense of support within their religious community.

I would like the exchange to be accessible and understandable not only for people and religions of Islam
but also for people with another religion, and that they understand the laws on which the project will be built

I do not think that the ADAB crypto market will be only for people preaching Islam. It seems to me that the exchange will be for all users.

It makes no sense to do only on a specific target audience, it is necessary that the project for all worked

[JollyGood]

@Adab Team


There is nothing in this ADAB exchange that makes it more or less Shariah compliant than any other exchange out there.

For non Muslim investors this is just another investment opportunity which they will have to investigate before deciding to invest or not.

For Muslims they would like to see evidence of Shariah compliance in this exchange and non-Shariah compliance in other exchanges and that evidence must be provided by the people claiming to be offering the Shariah compliant product in other words Adab Exchange.

I see glossary photos, lots of paid promotions and so on involving what appear to be either non-Muslim people making presentations or those who claim to be Muslim but nobody knows if they are Muslim or not.

1) Why did these Adab people use Islam as their unique selling point to ask for ICO funding when they could simply have created the exact exchange but without trying to say it is Shariah compliant when it clearly cannot be any more or less Shariah compliant or acceptable than Binance, Poloniex and the rest...

2) What are the specific factors making this project Shariah compliant?

3) And which interpretation of Shariah is being applied?

-Is it Sunni? If so which one Hanafi, Maliki, Sha'fi or Hanbali?

-Is it Shia? If so which one Ismaili Shia, Twelver Shia or other?

-Is it Druze if so which denomination?

-Is it Alawites, if so which denomination?

4) Whichever interpretation or version you deem to be the correct one, which of the other denominations and branches of Islam would you (because of your teaching and following) class as either heretics or complete non-believers?

5) Would you accept investment from peoples or groups you deem to be non-believers or heretics? Please explain why

6) Would your project accept ICO funding and private funding from non-Muslim investors?

-If yes, would it remain Shariah compliant if you could not ascertain if that funding came from Haraam income?
-If no, why would you not accept ICO and private funding from non-Muslims?

7) Would your project accept ICO funding and private funding from Muslim investors if you could not ascertain if that funding came from Haraam income?

-If yes, would it remain Shariah compliant if you could not ascertain if that funding came from Haraam income?

Thank you looking forward to your reply

This is a correct remark on the facts. After all, in  Announcement it was written only that the exchange will be created according to the laws of Shariah, but no reasons were given. I am also interested to know the details.

The owners of the this project will not reply because they are scammers trying to scam investment ICO by misleading with the real process behind their project because it is in actual fact anti-Shariah

[GOSPOD1N]

It seems to me that Islamic investors will use the services of this exchange more than other exchanges. They have a very developed sense of support within their religious community.

I would like the exchange to be accessible and understandable not only for people and religions of Islam
but also for people with another religion, and that they understand the laws on which the project will be built

I do not think that the ADAB crypto market will be only for people preaching Islam. It seems to me that the exchange will be for all users.

It makes no sense to do only on a specific target audience, it is necessary that the project for all worked

The target audience is not an option, I think they are doing their project for all people.

[ARTiShock2008]

Of course it will be a project for all people. It is economically inexpedient to somehow close off from the whole world and make a project for a particular country or region.

[Crypton2018]

No one said that the ADAM project makes its exchange only for representatives of the Islamic religion. They only stated that their project was made in accordance with the requirements of the rule of Islam. And so perfect for Islamic. But it is also suitable for all other people!

[JollyGood]

The ADAB exchange can win due to its marketing positioning as the first Islamic exchange. This is a very interesting idea!

Is it worth talking only about this aspect of this project? I think there are many important factors in such projects, and also need to talk about them.

I also think that ADAB has chances to be among  leaders. That is why I plan to sell a few coins and invest in this ICO

They are scammers. Stay away from them.

why are they scams?
if you can more evidence and substantiated facts!
to make it more clear to the people present here

I think that the available facts are not enough to make some analysis and conclusions that the ADAB project is a scam. This is a very hasty and unreasonable statement.

Yes, such conclusions in general can not be done ahead of time, why, everything will be fine and the command is normal

it’s too early to make any bad or good conclusions
certainly bad that we do not know the laws on which the project is based

If what you say is true then why did they announce their project without clarifying which "laws" they are applying?

If there is have a pot of money or crypto that is used for business purposes with the objective of trade or profit-making that is considered 100% Shariah compliant by the majority of scholars and schools of thought but another investor comes along and his investment from anti-Shariah sources go in to the same pot of money or crypto, then what happens? How can that unique selling point of being Islamic Exchnage complying with Shariah be possible?

If an owner or employee of a brewery that makes, transports or sells alcohol and uses income from those activities to fund the Shariah Adab Exchange ICO then it is not Shariah compliant

If someone manufactures, transports or sell drugs/narcotics and uses income from those activities to fund the Shariah Adab Exchange ICO then it is not Shariah compliant

If a pimp or prostitute uses income from those activities to fund the Shariah Adab Exchange ICO then it is not Shariah compliant

The whole "Shariah" compliant part of the project falls apart the moment the fools running the project will accept funding from any source without making necessary checks. In the situation of secrecy surround ICOs and crypto investment in general it will be impossible to filter through therefore no Muslims can claim to run a Shariah compliant business unless he is sure of the whole process including every little step otherwise it ceases to be Shariah compliant.

[Guardsman]

You understand that this is a serious accusation. I did not understand the technical details of the ADAB project, but I like the marketing concept itself.
For now, see how the ICO fees will go.

[ZloiRediska]

You understand that this is a serious accusation. I did not understand the technical details of the ADAB project, but I like the marketing concept itself.
For now, see how the ICO fees will go.

I also liked their idea. I think that if the team really releases the project as promised, then ADAB will be successful. Although developers really only want to do that.

[Hanna_Money]

The ADAB exchange can win due to its marketing positioning as the first Islamic exchange. This is a very interesting idea!

Is it worth talking only about this aspect of this project? I think there are many important factors in such projects, and also need to talk about them.

I also think that ADAB has chances to be among  leaders. That is why I plan to sell a few coins and invest in this ICO

They are scammers. Stay away from them.

why are they scams?
if you can more evidence and substantiated facts!
to make it more clear to the people present here

I think that the available facts are not enough to make some analysis and conclusions that the ADAB project is a scam. This is a very hasty and unreasonable statement.

Yes, such conclusions in general can not be done ahead of time, why, everything will be fine and the command is normal

it’s too early to make any bad or good conclusions
certainly bad that we do not know the laws on which the project is based

If what you say is true then why did they announce their project without clarifying which "laws" they are applying?

If there is have a pot of money or crypto that is used for business purposes with the objective of trade or profit-making that is considered 100% Shariah compliant by the majority of scholars and schools of thought but another investor comes along and his investment from anti-Shariah sources go in to the same pot of money or crypto, then what happens? How can that unique selling point of being Islamic Exchnage complying with Shariah be possible?

If an owner or employee of a brewery that makes, transports or sells alcohol and uses income from those activities to fund the Shariah Adab Exchange ICO then it is not Shariah compliant

If someone manufactures, transports or sell drugs/narcotics and uses income from those activities to fund the Shariah Adab Exchange ICO then it is not Shariah compliant

If a pimp or prostitute uses income from those activities to fund the Shariah Adab Exchange ICO then it is not Shariah compliant

The whole "Shariah" compliant part of the project falls apart the moment the fools running the project will accept funding from any source without making necessary checks. In the situation of secrecy surround ICOs and crypto investment in general it will be impossible to filter through therefore no Muslims can claim to run a Shariah compliant business unless he is sure of the whole process including every little step otherwise it ceases to be Shariah compliant.

How much I did not try to deal with the subtleties and nuances of the requirements of Islam regarding investment and could not do it.

[DonProton]

Islamic religion is very difficult to understand by representatives of other faiths. there are many subtleties that are understandable only to people who preach Islam. I can not understand for example what they say means when they say that this crypto exchange meets the requirements of Shariah.

[ARTiShock2008]

Islam has a very peculiar position regarding money and its use. And the attitude to cryptocurrencies is generally unusual. I read several articles on the Internet about this.

[DonProton]

I read several articles on the Internet about this.

If you figure it out, share information with us. There are many who are trying to understand the essence of this issue.

[JollyGood]

Islamic religion is very difficult to understand by representatives of other faiths. there are many subtleties that are understandable only to people who preach Islam. I can not understand for example what they say means when they say that this crypto exchange meets the requirements of Shariah.

That is because these are a bunch of people who want to open an exchange but need a unique selling point to challenge established competition such as Binance.

The owners of this project are playing on the word "Shariah" trying to get millions in ICO. They are business men and women who do not care about Islam, they just want money.

Adab Exchange is run by scammers

[ARTiShock2008]

I read several articles on the Internet about this.

If you figure it out, share information with us. There are many who are trying to understand the essence of this issue.

I am afraid that he himself is entangled in religious nuances. I can hardly explain something to you.