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

[JollyGood]

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

Is that what non-denominational Muslims believe that 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.

[tw1sterQQ]

Interestingly, when a given individual is banned, it’s just a bit annoying to read the same thing.

[Den1ska]

so, im wanna see something work product like it was with switcheo. You have to start some exchange in testnet and show everithing

The exchange should be made correct and constantly keep the price for the token, and not let the bounty hunters sell all the tokens at once.

[JollyGood]

Not impressed with this bunch of scammers who claim to be Shariah compliant but are the opposite.

The Adab Haraam exchange scammers are willing to accept ICO funding from the following and more: 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 sell alcohol or own breweries

Shame on them for misusing the rules and name of any religion just line their pockets. The trio team members are like most Kazakhs from Kazakhstan "non-denominational Muslims" then how can they even conform to Shariah and preach Shariah to others?

I feel so at ease and at peace not having to read the "scammer bots", "give-me-bounty-for-each-incoherent-post-I-make-to-pump-this-thread", "freebie token seeking vagabonds" and "airdrop beggars" keep pumping up the thread praising the Adab Haraam scam exchange.

I am going to keep posting while the desperate fools continue to fool themselves by talking to each other using multiple aliases, they try to fool investors by showing this is a genuine investment when the truth is this is the Adab Haraam exchange scam.....

 

[m1xmee]

They passed KYC,so how can they cheat with investors? Arabian investors are very serious guys, so I wouldn't play with them.
In some countries there is a death penalty for such tricks

There is no deception, if they actually submitted their documents for verification, just people want to mislead others

[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 they drop the word "Shariah" then it means their business will NOT be incorrectly sold as a religious based project, it will just be a business so that is acceptable but will it solve the problem? I think as far as the basis of misusing the word Shariah is concerned it will solve the issue.

In reality if they drop the word Shariah then they open themselves up for questioning from those that already invested and incorrectly believed this scam was Shariah and Halal. The Adab Haraam exchange team have put themselves in a position where they cannot move an inch now.

They cannot back down otherwise they will fear losing existing investors therefore even though they know they are misleading investors by claiming this project is Shariah when it is not, they have made a decision to fool investors all the for the sake of making money for themselves.

Adab Haraam exchange are scammers. Simple.

[m1xmee]

They passed KYC,so how can they cheat with investors? Arabian investors are very serious guys, so I wouldn't play with them.
In some countries there is a death penalty for such tricks

In whatever country the project was not registered to joke with the Arab countries is not necessary. this will backfire. The project team should understand this.

The Muslim people are very careful about their Sharia rules, I am sure that the development team did not break anything, but only adhere to the rules

[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

Hello Abeer Mousa how are the Kazakhstan trio of non-denominational Muslims (who have no idea what Shariah is) going to pay you?

If I were you I would ask for BTC or direct Egyptian Pound payments via bank transfer because ADAB token (if they ever come to life) will be useless and worthless.

Are the Kazakh trio of Timur Turzhan, Rustam Turzhan and Maxat Salpyn going to pay you according to Shariah? After all they falsely claim this is a Shariah compliant project.

[kl1nkagg]

Verification passed, the team confirmed that it is real, why any other evidence, they have no reason to just collect money

[Den1ska]

Verification passed, the team confirmed that it is real, why any other evidence, they have no reason to just collect money

A person simply does not have the peace that he was expelled from the team, for his mistakes and the fact that he himself took money illegally

[JollyGood]

Very strong team. Everything will depend on fees.

 

I laughed so loud after reading this post I nearly dribbled the coffee in my mouth !

Strong team?

They are a trio of inexperienced team members from Kazakhstan that do not follow any recognised interpretation of Shariah because they are considered "non-denominational Muslims" yet they are in-charge of a Shariah compliant project.

This Adab Haraam exchange is a scam and frankly a joke 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
those that own breweries and manufacture alcohol

[bazar111]

The country where the project is registered is not so important for its success. The main thing that the team did everything right. But Kazakhstan is indeed a predominantly Muslim country.

I agree with you, such an idea of the project will be popular in many countries, not only Muslim. I am from Russia and this project is interesting for me too.

[JollyGood]

Here is about greed and honesty we are talking already the third day. I really hope that Muslims are not scammers and it is a sin for them to deceive investors who are willing to invest in ADAB tokens

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

It is indeed a sin to dupe any people from any religion to invest in to any scam...

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.

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

Timur Turzhan - CEO, Founder

Rustam Turzhan - COO, co-founder

Maxat Salpyn - Deputy CEO of Islamic Finance

They are a trio of inexperienced team members from Kazakhstan that do not follow any recognised interpretation of Shariah because they are considered "non-denominational Muslims" yet they are in-charge of a Shariah compliant project. Just think about it "non-denominational Muslims"... that in itself sounds so pathetic when they claim to explain Shariah to others  

[bazar111]

Here is about greed and honesty we are talking already the third day. I really hope that Muslims are not scammers and it is a sin for them to deceive investors who are willing to invest in ADAB tokens

It is indeed a sin to dupe any people from any religion to invest in to any scam...

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.

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

Timur Turzhan - CEO, Founder

Rustam Turzhan - COO, co-founder

Maxat Salpyn - Deputy CEO of Islamic Finance

They are a trio of inexperienced team members from Kazakhstan that do not follow any recognised interpretation of Shariah because they are considered "non-denominational Muslims" yet they are in-charge of a Shariah compliant project. Just think about it "non-denominational Muslims"... that in itself sounds so pathetic when they claim to explain Shariah to others 

Listen fellow, if you do not want to take part in this ICO it is your problems. But stop fud and spam without any reasons.

[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

Well well, good thing I saw this and got some advice from a friend who is a Muslim. Most of what is written next is thanks to him so I cannot take credit for it....

Last year Halal Coin came on to the scene making all the right noises but it sank without a trace:

Halal Coin https://www.halal-coin.org/

Will this Halal Exchange go the same way as that Halal Coin?

Any exchange claiming to be Shariah compliant is no more no less Shariah compliant than most other exchanges.

It seems people behind Adab Solutions are trying to corner the Islamic investors market by promoting Shariah as its unique selling point but there is nothing more or less Shariah compliance in its format than that of most exchanges out there.

The process is virtually the same regardless of which non-FIAT exchanges people use and regardless of which FIAT based exchanges are used.

Non-FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet

FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
or
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws cash to his bank account

- Where is the Shariah compliant part in any of the above processes?

- Where is the non-Shariah compliant part in any of the above processes?

Will the OP actually explain which part of the processes of the exchange make it Shariah compliant by being Halal (acceptable practice in Islam, permissible) and which part of the processes of the exchange make it Haraam (not allowed or acceptable in Islam, forbidden)

Until or unless I see the evidence provided by from the "team" behind this exchange, from what I see the people behind this exchange are opportunistic trying to pull in investors from the Muslim community by not explaining to them exactly how their core business is Shariah compliant.
I asked these questions before but did not get a reply: https://bitcointalk.org/index.php?topic=4720775.msg46440200#msg46440200


Please can somebody from the team post back here explaining the following:

- Which branch of Islam does each and every Muslim on the board/team of this exchange belong to (Sunni or Shia or anything else and which denomination of those branches) so it will allow investors to know if the people behind the project are in fact Muslim sharing the same interpretation of Qur'an and Hadith as investors or those that claim to be Muslim but have nothing about Islam within them. Which school of thought (Maliki, Hanifi, Sha'fi, Hanbali) does each and every board member and team member that claims to be Muslim actually follow? Or do they follow some other school of thought?

- Would you expect a Sunni Muslim following say for example the teaching of Imam Malik to invest in a project that is operated by your "team" if you are all Mirza Qadiani followers? Please write your reply. What are the "team" doing to make checks that the investment coming in will be from halal sources?

- If your "team" consists of for example Sunni Muslim following the teaching of Imam Abu Hanifa will you accept investment from followers of Mirza Qadiani? Please write your reply. If you accept the investment will your project remain Shariah compliant? What are the "team" doing to make checks that the investment coming in will be from halal sources?

- Why is the "team" having an ICO without making it clear that the project will never be Shariah compliant if the investors are using Haraam money to fund this project? What are the "team" doing to make checks that the investment coming in will be from halal sources? Please explain if accepting money from those sources will make this project anti-Shariah?

- What checks are the "team" making to ensure that those people who advocate harm against the Muslim community and promote Islamophobia are not funding this project? Please explain if accepting money from those sources will make this project anti-Shariah?

I can ask more questions to show you will not be Shariah compliant but please do reply to the above questions and prove me wrong, I will be the first to take my hat of to you and congratulate you.

Please also explain if your Bounty program will be Halal and Shariah compliant, if it will be please explain how? What will make it Halal. Thank you

[JollyGood]

You can easily define whether it is a scam or not - just ask their smart contract. If they reach the soft-cap, they have to show the collected funds, this is how ICO works, transparency should be in the first place.

Did you ask the team to provide data? What did they answer? I really would not want this project to be a fraud. I really like the idea of popularizing cryptocurrency in the East in Islamic countries.

Also, you can check:
- GitHub: Do they update it regularly?
- Do they have good use cases?
- Does the platform have a game-changer technology?

If it all YES, you shouldn't fear anything.

Right now I see only a bunch of Russians, who want to get money from the Muslim sector.

Can you prove me wrong? Can they show the smart contract? Can they prove(by a third party) that the project is following Shariah norms?

 

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

There is nothing to check. The GitHub is non-existent and these Kazakh trio members are trying to claim their idea will be a Shariah platform if they launch it but they have no idea what Shariah is. Many have asked them to explain what Shariah is but they are "non-denominational Muslims" so how can they even know what Shariah is?

[evgenii17]

so, im wanna see something work product like it was with switcheo. You have to start some exchange in testnet and show everithing

The exchange should be made correct and constantly keep the price for the token, and not let the bounty hunters sell all the tokens at once.

I don't think they will sell tokens.everything has a good growth on the exchanges when listing

I agree, immediately sell if there is no sense in a good price) when it’s already stable, then you can issue tokens

[JollyGood]

With the increasing growth of Islam fobia in the world, how do you convince investors to join ICO?

Well, the first thing any Shariah compliant and Halal project would do is not guarantee they do not accept money from the following:

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

After that they would hope that Shariah following investors would participate and the project would launch. After that they would hope that others would see a working viable business therefore they would become users ( but probably too late to become investors at that point)

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 in the hope to scavenge for the alleged 8% tokens the Adab Haraam exchange scammers claim they will distribute.

I have these beggars on IGNORE because it makes this thread so much easy to navigate while they talking to each other trying to impress their masters by flooding this thread in the hope of getting extra tokens in the way an owner throws a bone at his dog and says "Fetch"



I have dedicated the Scam Alert signature just for you and your beloved Adab Haraam exchange. I hope you like it. Thank you.

I will try be back at least once to make sure I post on every new page to re-iterate the message this "project" is a scam..

Adab Haraam exchange = scam

[futureofeth]

so, im wanna see something work product like it was with switcheo. You have to start some exchange in testnet and show everything

The exchange should be made correct and constantly keep the price for the token, and not let the bounty hunters sell all the tokens at once.

They are giving very less % to bounty hunters when compared to investors and to the company. Even though bounty people sell the token it will not damage hugely but of the investors start dumping the price will drastically change.

[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


They are a trio of inexperienced team members from Kazakhstan that do not follow any recognised interpretation of Shariah because they are considered "non-denominational Muslims" yet they are in-charge of a Shariah compliant project. Just think about it "non-denominational Muslims"... that in itself sounds so pathetic when they claim to explain Shariah to others