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

[ARTiShock2008]

It is interesting that the opponents of the project will say when the developers release their crypto Adab exchange and people will start using it.

[sword024]

I am totally sure,that Adab developers will release exchange and present us . I am doubt about design,because i am fastidious to exchanges user interface, but let's see....

[Freddy63]

Adab, are you going to answer hater's questions?
I bet it will show you transparent company which don't afraid uncomfortable questions

[zugvogel21]

Adab Haraam exchange = scam

The Kazakhstan trio behind this scam have not declared if they are Muslim and if so of which denomination so this cannot be Shariah compliant or Halal

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.

Timur Turzhan - CEO, Founder

Rustam Turzhan - COO, co-founder

Maxat Salpyn - Deputy CEO of Islamic Finance

You three are from Kazakhstan so are you all Muslim?

It is important to ask this question because you are main protagonists behind this scam called Adab Haraam exchange.

Which sect or interpretation of Shariah or Islam do you claim follow?

If you are Muslims are you Sunni?

If you are Muslims clarify are you Hanafi?

If you are Muslims clarify are you non-denominational Muslims?

We await your answers to find out how much you follow Shariah

Wiki (https://en.wikipedia.org/wiki/Kazakhstan#Religion):
"Some figures show that non-denominational Muslims form the majority, while others indicate that most Muslims in the country are Sunnis following the Hanafi school."

Why do you think you can accept investment from the following and it can still be Shariah? :

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
those that own breweries and manufacture alcohol

This is a scam ICO and scam project. Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from the above list and more.

if this is really a scam, this is very terrible for ADAB, is this information highly trusted? we cannot accuse directly if ADAB is a fraud,
we just wait for valid information about this

now I start to hate this argument all
I do not know for what reason he continues to do this, yes it is very good to judge a project but now I just see him as just racist about a religion
I know that this is a project that has bakround about Muslims, but I don't think they should all have a Muslim team right ?

The reason is - he wants to know the truth, I know that his arguments look tough, but so is Islam.
I have been watching this thread for quite a while and during this 50 pages "pump" no one answered his question. In addition to that, there are a lot of smart questions around, still being ignored. Plus, it is not the secret, that they use bots/pump accounts here, a lot of identical accounts keep posting the same positive information over and over again. They made so for you, who see only the top of the iceberg.

Don't want to say anything negative, but just because they hiding smth, doesn't make them investment attractive.

What I found so far -
1. They delete members who ask tough questions(about the team, project, and smart-contract) in the TG chat.
2. They claim that the reached the soft cap - where? where can we check this info? was it OTC deals?
3. As far as I know, there are a lot of laws and regulations in Islamic countries, but the government, as well as administrative authority, do not support cryptocurrency, but they say they are ok(they say, not someone else)
4. Do they have a license? - If it is offshore, I am done here.
5. and last but not least - MVP, I can personally make this for a few days, it is just a landing page with random quotes.

BUT If you want to invest go on, I am just a helpful fellow here  

[dommerty]

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

Here is majority of answers, but  zugvogel21 has raised interesting questions as well. He doesn't speak negatively and it would be great hearing another feedback from team

[ufolly]

It is interesting that the opponents of the project will say when the developers release their crypto Adab exchange and people will start using it.

They won't say anything. Will just have to bite your elbows.

[kmntrci]

Whether or not to invest in an ADAB project is up to each investor to decide for themselves. I have long joined the investors, so far I do not regret it.

Everyone decides for himself whether he will invest in the project or just watch, nobody forces anyone to invest

Everyone should understand that the riskier the investment, the potentially more profit they can bring, this is an unspoken rule of all investors.

I had projects that were very promising and invested without any special risks, but gained good profit))

[Crypton2018]

The reason is - he wants to know the truth, I know that his arguments look tough, but so is Islam.
I have been watching this thread for quite a while and during this 50 pages "pump" no one answered his question. In addition to that, there are a lot of smart questions around, still being ignored. Plus, it is not the secret, that they use bots/pump accounts here, a lot of identical accounts keep posting the same positive information over and over again. They made so for you, who see only the top of the iceberg.

Don't want to say anything negative, but just because they hiding smth, doesn't make them investment attractive.

What I found so far -
1. They delete members who ask tough questions(about the team, project, and smart-contract) in the TG chat.
2. They claim that the reached the soft cap - where? where can we check this info? was it OTC deals?
3. As far as I know, there are a lot of laws and regulations in Islamic countries, but the government, as well as administrative authority, do not support cryptocurrency, but they say they are ok(they say, not some else)
4. Do they have a license? - If it is offshore, I am done here.
5. and last but not least - MVP, I can personally make this for a few days, it is just a landing page with random quotes.

BUT If you want to invest go on, I am just a helpful fellow here  

You are absolutely right. It seems to me that it’s time for the team to stop ignoring the discussions in this thread and give all the answers to the questions that were voiced by the project’s haters.

[kkerrex]

MVP question is a good one. Proof of funds it is also something not to be hidden. I can't blame Adab of hinting sourse of soft cap deal,because most of ICOs I deal with, hidden pre-sale investments and don't show specific proofs, but at the same time Adab can explain us the reason

[Freddy63]

Hmm, all of questions are quite sensitive to team members and to all muslims. But I want team members to answers some of them.
I want to make stronger my trust in Adab

[Boogiemiss]

 

[Boogiemiss]

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

Here is majority of answers, but  zugvogel21 has raised interesting questions as well. He doesn't speak negatively and it would be great hearing another feedback from team

It is not the answer we are looking for - the above answer is the answer from the team member,
we are looking for the answer form the 3rd Islamic party which is not interested in the project to provide rational feedback.

Also, how much % will they give for charity? How do they check whether the funds come from halal activities?

How they will benefit from this exchange from the financial point of view? what is the reason for a token to grow in the future?

What if smb perform forbidden strategies like the pump and dump on your exchange or use it for something "Bad"?

[Guardsman]

I hope that the representatives of the ADAB project will give official comments on all these questions and once and for all put an end to the debate that filled this thread.

[Pline]

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

Here is majority of answers, but  zugvogel21 has raised interesting questions as well. He doesn't speak negatively and it would be great hearing another feedback from team

It is not the answer we are looking for - the above answer is the answer from the team member,
we are looking for the answer form the 3rd Islamic party which is not interested in the project to provide rational feedback.

Also, how much % will they give for charity? How do they check whether the funds come from halal activities?

How they will benefit from this exchange from the financial point of view? what is the reason for a token to grow in the future?

What if smb perform forbidden strategies like the pump and dump on your exchange or use it for something "Bad"?

Exactly, I also want to hear somebody from Islamic country to express opinion on this topic.
By the way, is there a use case of Islamic exchange? For several years in crypto I've never faced religious related crypto exchange.

[JollyGood]

Adab Haraam exchange = scam

The Kazakhstan trio behind this scam have not declared if they are Muslim and if so of which denomination so this cannot be Shariah compliant or Halal

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.

Timur Turzhan - CEO, Founder

Rustam Turzhan - COO, co-founder

Maxat Salpyn - Deputy CEO of Islamic Finance

You three are from Kazakhstan so are you all Muslim?

It is important to ask this question because you are main protagonists behind this scam called Adab Haraam exchange.

Which sect or interpretation of Shariah or Islam do you claim follow?

If you are Muslims are you Sunni?

If you are Muslims clarify are you Hanafi?

If you are Muslims clarify are you non-denominational Muslims?

We await your answers to find out how much you follow Shariah

Wiki (https://en.wikipedia.org/wiki/Kazakhstan#Religion):
"Some figures show that non-denominational Muslims form the majority, while others indicate that most Muslims in the country are Sunnis following the Hanafi school."

Why do you think you can accept investment from the following and it can still be Shariah? :

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
those that own breweries and manufacture alcohol

This is a scam ICO and scam project. Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from the above list and more.

if this is really a scam, this is very terrible for ADAB, is this information highly trusted? we cannot accuse directly if ADAB is a fraud,
we just wait for valid information about this

now I start to hate this argument all
I do not know for what reason he continues to do this, yes it is very good to judge a project but now I just see him as just racist about a religion
I know that this is a project that has bakround about Muslims, but I don't think they should all have a Muslim team right ?

The reason is - he wants to know the truth, I know that his arguments look tough, but so is Islam.
I have been watching this thread for quite a while and during this 50 pages "pump" no one answered his question. In addition to that, there are a lot of smart questions around, still being ignored. Plus, it is not the secret, that they use bots/pump accounts here, a lot of identical accounts keep posting the same positive information over and over again. They made so for you, who see only the top of the iceberg.

Don't want to say anything negative, but just because they hiding smth, doesn't make them investment attractive.

What I found so far -
1. They delete members who ask tough questions(about the team, project, and smart-contract) in the TG chat.
2. They claim that the reached the soft cap - where? where can we check this info? was it OTC deals?
3. As far as I know, there are a lot of laws and regulations in Islamic countries, but the government, as well as administrative authority, do not support cryptocurrency, but they say they are ok(they say, not some else)
4. Do they have a license? - If it is offshore, I am done here.
5. and last but not least - MVP, I can personally make this for a few days, it is just a landing page with random quotes.

BUT If you want to invest go on, I am just a helpful fellow here  

@zugvogel21

Thank you for your post

First of all it is great to read a post here that is not from the multiple aliases users here are part of the "scammer bots", "give-me-bounty-for-each-incoherent-post-I-make-to-pump-this-thread", "freebie token seeking vagabonds" and "airdrop beggars" that keep pumping up the thread to drown out voices that disagree and expose the Adab Haraam exchange.

They will not answer your questions here instead they will flood the thread with bots and fools to start a new page so your post is in a previous page.

They will not answer your questions on Telegram and instead will ban you because they want to censor anybody who exposes them or asks tough questions which include them explaining the "Shariah" part.

This is a scam project headed by a trio of (unprepared and unfit for this particular purpose) Kazakh dreamers who are trying to fool a particular religious group in to investing when this project is the opposite of what their religion teaches.

[ZloiRediska]

I asked in this thread whether there are people professing Islam and whether they can give a clear explanation of the position of the project and the accusations against them which filled this thread. I would like to hear the official version of the team and the opinions of a disinterested person.

[JollyGood]

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

Here is majority of answers, but  zugvogel21 has raised interesting questions as well. He doesn't speak negatively and it would be great hearing another feedback from team

It is not the answer we are looking for - the above answer is the answer from the team member,
we are looking for the answer form the 3rd Islamic party which is not interested in the project to provide rational feedback.

Also, how much % will they give for charity? How do they check whether the funds come from halal activities?

How they will benefit from this exchange from the financial point of view? what is the reason for a token to grow in the future?

What if smb perform forbidden strategies like the pump and dump on your exchange or use it for something "Bad"?

The post was by: Maxat Salpyn, Deputy-CEO on Islamic finance BUT who is he and what gives him the right to make and give Islamic rulings? Which Islamic university did he study to gain his PhD in Islamic studies?

That is the reason why they will not answer the questions directly and instead use words to try to wriggle out of it, then get their bots and bounty seekers to flood the thread.

The line I highlighted partially explains about "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." it only explains the aspects of an existing "bank" that takes investment from whoever and then invests it is a business without fully checking their credentials.

In this situation there no business, there is no crypto exchange, there is no bank, there is nothing apart from a trio of Kazakhs trying their luck on creating an exchange that can only stand a chance of success if they look for a particular demographic to sell it to and then hope others join in so it can take on bigger exchanges. 

In this situation there no business, there is no crypto exchange, there is no bank and these fools are willing to accept funds from any illegal, illicit and immoral source to start their business and they claim it is Halal and Shariah because they cannot vet them. This statement from them alone makes them scammers.

[TimurBit]

In case of ADAB exchange get hacked , how do they treat the hackers? Based on Sharia they must cut their hands.

It seems to me that no one will reveal all the secrets of security to you. I can say only one thing, that to attacks hackers need to be prepared.

[JollyGood]

Hello Abeer Mousa

The Kazakh team behind the project have not even stated which interpretation of Shariah they follow but they are happy to accept ICO funding from illegal, immoral and illicit sources including from prostitutes and pimps but what about you.....

Is this project Islamic if the Kazakh team leaders are happy to accept ICO funding from pimps, prostitutes and limitless illegal, illicit and immoral earnings?

[ARTiShock2008]

That is, your accusations against this project consist only in the disagreement of religious interpretations? I do not understand Islam and I can not understand the nuances. And what do you say about the technical part of the project? Do you have any complaints about her?