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

[psp_]

tomorrow in the contest prize are not tokens,and ETH

how i can participate in this contests and get good reward?

[Power22]

No project can provide a guaranteed profit. Muslims should decide for themselves how to make money without violating Shariah norms.

Any project has its own share of luck, how things will go, but you need to understand what the team will decide in the future

[paxswerr]

People choose ICO projects in different ways.The country of origin of the project for some people is an important factor in the selection. For a Muslim, this can be a determining factor.

[kkerrex]

I think that people who want to participate in the project and make money will pay attention to the prospects of the project itself. Religion, and especially Islam, has nothing to do with ICO.

I agree that religion can not be associated with blockchain technologies or cryptocurrencies in General.

When I choose a project, I personally pay attention to such details as the country of development, and since ADAB is developed by Arabs, religion in this case has a special context

Exactly! The matter is in details and Adam seems me very deep projects in terms of details.
I analyzed their team, majority of them is muslims,so they know what to do

[JollyGood]

You can not understand what the rules of Islam if you are not a Muslim. But if you want to invest in this project all carefully check.

You are right, any investor who comes here to invest in the ICO has every right to do so but if any Muslim is thinking of investing in the Adab Haraam exchange they should refrain.

Adab Haraam exchange is in ignorance of Shariah because they are willing to accept ICO funding from the following and more:

pimps
prostitutes
porn actors
those currently behind bars in prison serving prison sentences
those that sell drugs/narcotics
those that manufacture, test and sell weapons
those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda
those that own, transport or sells alcohol

[trobbert]

I would like to join the project as an investor, will it be necessary to pass the procedure of identity verification before you start investing, or it can be done later?

If I were you i would better pass KYC before process of investing.
usually some problems occur during KYC process and I wouldn't risk .
Pass KYC and then invest your money.

[JollyGood]

Explain to me the essence of the conflict? As a person who does not profess Islam, it’s very difficult for me to understand special Islamic terms.

In simple terms, if somebody is looking for funding via an ICO to create a "crypto exchange" that is fine for anybody to do, that is simple.

The problem arises when somebody says he is looking for ICO funding to start a Muslim "Shariah crypto exchange" then there are rules to adhere to, those rules are Shariah or Islamic rules Halal and Haraam (permissible and not permissible).

So if the exchange are willing to accept money from sources considered illegal or immoral in Islam such as from pimps, prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture, test and sell weapons, those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda, those that own, transport or sells alcohol then it cannot be Muslim Shariah Halal.

Likewise if an investigation is not undertaken to find out about the exact source of the funds that investors are sending then it cannot be Muslim Shariah Halal.

In this case the difference is the misuse of the word "Shariah".

If the word Shariah is dropped then it is: Adab exchange

If the word Shariah is not dropped then it is: Adab Haraam exchange

[JollyGood]

==

[trobbert]

Well, first of all, they have a 90% of bots and airdropers in the community. They have a bunch of people pumping this thread.

So funny how these nonsense users with almost no history at all come along in this thread and post one liners that make no sense just to drown out voices that disagree or expose Adab Haraam exchnage because they are scammers...

The bots and money seeking airdrop folk are doing a great job trying to pump this thread 

Dear JollyGood,
I highlighted the key point of your offense towards the ADAB solutions project.
Your offense regarding source of funding for the ICO.

ADAB Solutions cannot borrow from or financially transact with someone whose wealth is completely, or predominantly, haram. If it is predominantly halal, then financial transaction, borrowing, accepting gifts, etc. would be permissible. If one is unsure, then the default assumption is that most of their wealth is lawful. ADAB Solutions doing KYC and AML on their investors and need not investigate deep into the wealth of investor, but rather the basis is what is apparent.

If the Majority of the profit the company makes is from a halal activity and you are not directly involved in the smaller haram aspect of it, then you aught to assume that your income is from the halal, and you won't be culpable.

If you find out that part of  received money from haram sources best to give it to charity because you can't do anything else with it. But you shouldn’t expect any reward for giving it to charity.
and Allah ta'ala knows best.

Your offense regarding non-Muslim members of the ADAB team.

Islamic finance is not only for Muslims. This means that Islamic financial institutions will not turn away non‐Muslim customers, and non‐Muslims can provide Islamic financial services. In practice, one can find examples of the large number of non‐Muslim participants in Islamic financial institutions worldwide. 

The message is that Islamic finance is also for non-Muslims the market potential of Islamic finance is far greater than just the population of Muslim countries and Muslim minorities in non-Muslim countries. Sustainable and responsible investing could also be driving the growth for Islamic finance due to the commonalities in values and shared principles.

The most common translation of kaafir is a disbeliever. It is opposite of a believer. Those who believe that “There is no God except Allah, Mohammad is the messenger of Allah” and profess it are believers and those who reject it are kaafir. In my view the correct translation of kaafir will be rejectors. In common use these days those who are believers are referred as Muslims and disbelievers are referred as kaafir.
Before you name somebody “kaafir”, I want you to read carefully the Hadith: In Saheeh al-Bukhaari (6104) and Saheeh Muslim (60) it is narrated from ‘Abd-Allaah ibn ‘Umar (may Allaah be pleased with him) that the Prophet (peace and blessings of Allaah be upon him) said: “If a man declares his brother to be a kaafir, it will apply to one of them.”  According to another report: “Either it is as he said, otherwise it will come back to him.”

Best regards,
Maxat Salpyn,
Deputy-CEO on Islamic finance,
ADAB Solutions

This is official answer, I don't know what else are you going to discuss. CEO has answered for all of your questions and everything is clear. Do we have muslims in this thread to hear your opinion on this matter?

[JollyGood]

Well, first of all, they have a 90% of bots and airdropers in the community. Second, they invite people without permission in their community channels. They have a bunch of people pumping this thread. And LAST they are not transparent - is that what you call Shariah norms?

Show me the proofs!!!

You registered 2 months ago and now you are trying to draw any conclusions? haha
You understand that you are a NEWBIE and if you want someone to pay attention to you, then you must show REAL evidence!

Otherwise, pass by! No one is interested in your NEWBIE opinion WITHOUT PROOFS!

So Basically this is how you answer the question and provide proves? We are all seeking the truth here, don't make it worse.

We are your community and we ask simple questions here, which you can not answer.
1. Why do you have so many airdrops and almost none real investors in your chat?
2. Why can't you show your smart contract publically?
3. Why is you Github so bad?
4. When can we expect another MVP update? Because you can not call it MVP, it looks like lending with coinmarketcap API, but not an exchange prototype.
5. If you receive "cash" to reach the soft cap, can you provide the source of this cash?

I invested some, personally, it is my second ICO and I want to know the truth.

See how these scammers are writing to people who question their motives and business practices? They claim to be Muslim and claim to use the name Adab but behave in an opposite manner:

Adab (Arabic: أدب‎) in the context of behavior, refers to prescribed Islamic etiquette: "refinement, good manners, morals, decorum, decency, humaneness" so you should live up to your projects name and start replying to the posts asking you questions instead of using newbie accounts to make one line posts to drown out critical posts on your announcement thread: https://en.wikipedia.org/wiki/Adab_(Islam)


The "whitetoo" account was also used to open the thread and it was used to relay a message to me from Maxat Salpyn (Deputy-CEO on Islamic finance): https://bitcointalk.org/index.php?topic=4720775.msg46792850#msg46792850

In this thread I have so many scammers and airdrop beggars and bots on IGNORE that the pages have shrunk once their one line nonsense posts have been removed

[Freddy63]

You told that have no offence regarding ICO, but what for you constantly repeat same questions if Adab Ceo gave you all answers.
I bet they should make AMA session to talk with you online

[GOSPOD1N]

People choose ICO projects in different ways.The country of origin of the project for some people is an important factor in the selection. For a Muslim, this can be a determining factor.

Well, in a Muslim country, yes, everything is strictly with this, it is important not to forget just about your roots, and not break the rules

[JollyGood]

I don't think it is scam, they have open profiles in Linked in, they operate according to shariah norms and they are legit at all.
Today they have a lot of contests in telegram and they are giving out ethereum as well!

DUDE! for real? do you think having an open account will change anything? Following your words, everyone who has no idea in religion can Make an ICO and collect money for own goods. They will never say where did they collect fiat money, They will never show you the smart contract (Just because it is freaking wallet), They sell tokens with 150% bonus, OMG come on!

DO you really think it is the legit project?

This project is a scam. Simple.

[GOSPOD1N]

I don't think it is scam, they have open profiles in Linked in, they operate according to shariah norms and they are legit at all.
Today they have a lot of contests in telegram and they are giving out ethereum as well!

DUDE! for real? do you think having an open account will change anything? Following your words, everyone who has no idea in religion can Make an ICO and collect money for own goods. They will never say where did they collect fiat money, They will never show you the smart contract (Just because it is freaking wallet), They sell tokens with 150% bonus, OMG come on!

DO you really think it is the legit project?

This project is a scam. Simple.

You are a very angry person, from where there is so much negativity to the project, this is not the first time this question has been asked, everything is fine

[tw1sterQQ]

Personally, I believe in the project, invest in it finances, although the amount is not large, but I want to see its further development

[NeZoX]

Can I participate in ICO as an investor, what do I need to do?

[tw1sterQQ]

Can I participate in ICO as an investor, what do I need to do?

To take part in the ICO, you need to invest in it, if I'm not mistaken, the minimum amount is written in white paper

[JuleGulie]

Can I participate in ICO as an investor, what do I need to do?

You need to register on the platform and make a Deposit, it's actually very simple.

[BrieMiller]

Personally, I believe in the project, invest in it finances, although the amount is not large, but I want to see its further development

I also made a small investment of $ 900, I know it's a small amount, but I'm very interested in the future of the project.

[minttop]

As for me, I have not invested yet, because i stay away from ICOs on this market, but it is interesting for me to learn more about this project, because it is first time I see project connected with islamic banking in crypto sphere