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

[minttop]

I think I started to believe what you said, because the team did not give an answer or response to the statement you said. if this project is not a Scamm, the team should respond to your statement, but there is no firm response here

Hello. If you read this thread more carefully, you will see that we have already answered all of his statements.

This man worked with us. He took the money, but didn't do the work. We fired him. Now he is trying to revenge. But he will fail. He has no real evidence. Only theory.
Answers to 90% of his questions can be found in White Paper. What is there to talk about? The man didn't even open the white paper, the financial forecast ...

We decided not to pay attention to this abnormal anymore.

Thank you for your question.
with best regards

I would like to show everybody the reason why JollyGood is posting here. Here is an explanation. So just don't pay attention to this fired emloyee

[JollyGood]

This website is hilarious! This is them "developing" a Shariah exchange??

Adab Haraam exchange scammers are hilarious

They use tradingview.com plugins but claim they are coding their own website !



They have dashboard plugin for Technical Analysis for BTCUSD and their trade fees from tradingview.com but claim they are coding the website.

Truth is they are using a cheap cms and adding freebie tradingview.com plugins  

These fools have zero money of their own. They will use the ICO money to build this exchange from scratch and they have no programmer to design the website and exchange on their Team page. On top of that there is nothing Islamic or Shariah about the ICO fundraising part of the exchange because they are happy to accept funding from prostitutes and pimps

The trio from Kazakhstan but living in Uzbekistan are "non-denominational Muslims" so it means the cannot follow Shariah or preach its principles to anybody else. They are happy to accept ICO funding from the following so how can they be Muslim or comply with 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

[minttop]

Where did you get that info about trading view plugins? i also use trading view, but I don't have an access to something like that, so can you share proofs?

[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 Adab Haraam exchange project is a scam from day one. This is not Shariah compliant.


This nonsense website is an ordinary looking cheaply available cms with a few plugins added but it was not custom coded especially for them.

These three team members from Kazakhstan but living in Uzbekistan are non-denominational Muslims so are not following Shariah at all. They are out to fool people in to investing in the ICO.

Call this innovation? Look at Adab Haraam exchange, it looks like a boring old exchange from 20 years ago !

They probably hired a $3 per hour coder to band this nonsense website together using an admin template and tradingview.com

These fools at Adab Haraam exchange think is just enough to ask newbies and gullible people to participate in the ICO but receiving funding from anybody without vetting them (which might be including from prostitutes and pimps) means this is not only an ugly pathetic cheap boring "exchange" website to look at but it is also Haraam and not Shariah compliant.



ADAB HARAAM EXCHANGE = SCAM

AVOID !!

[Guardsman]

I think I started to believe what you said, because the team did not give an answer or response to the statement you said. if this project is not a Scamm, the team should respond to your statement, but there is no firm response here

Hello. If you read this thread more carefully, you will see that we have already answered all of his statements.

This man worked with us. He took the money, but didn't do the work. We fired him. Now he is trying to revenge. But he will fail. He has no real evidence. Only theory.
Answers to 90% of his questions can be found in White Paper. What is there to talk about? The man didn't even open the white paper, the financial forecast ...

We decided not to pay attention to this abnormal anymore.

Thank you for your question.
with best regards

I would like to show everybody the reason why JollyGood is posting here. Here is an explanation. So just don't pay attention to this fired emloyee

Now everything is clear. I had 2 options, that he was either just a religious fanatic or a former employee of the project, who for some reason had left and was now embittered at the team.

[JollyGood]

If there was no permission from Islam to introduce crypto currency, then about any launch of crypto projects in the Emirates could not be a speech!

You say about banal things. Everyone knows about it. But it's good that Islam in criptocurrency

yeah, it`s good step to populazing cryptocurrency in Arabian, and nice opportunity to help investors to earn money.

It is well known that rich  Arabian countries  have many investors who are able to invest large amounts of money in a worthwhile project. I think the fact that the project is Arabic, gives confidence to many of the members of ADAB community.

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?

Yes very sad that 99% of the posts here are by Adab Haraam exchange "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

[daly896]

I think I started to believe what you said, because the team did not give an answer or response to the statement you said. if this project is not a Scamm, the team should respond to your statement, but there is no firm response here

Hello. If you read this thread more carefully, you will see that we have already answered all of his statements.

This man worked with us. He took the money, but didn't do the work. We fired him. Now he is trying to revenge. But he will fail. He has no real evidence. Only theory.
Answers to 90% of his questions can be found in White Paper. What is there to talk about? The man didn't even open the white paper, the financial forecast ...

We decided not to pay attention to this abnormal anymore.

Thank you for your question.
with best regards

I would like to show everybody the reason why JollyGood is posting here. Here is an explanation. So just don't pay attention to this fired emloyee

Now everything is clear. I had 2 options, that he was either just a religious fanatic or a former employee of the project, who for some reason had left and was now embittered at the team.

I am also agree with you, he is just thinking about fraudulent activities and he is sad to be fired, so it is hard for him to accept that he isn't part of project anymore

[zorgo]

Where can I see a plan for the distribution of money to be collected in the ICO process? ??

[FlooMeer]

Where can I see a plan for the distribution of money to be collected in the ICO process? ??

It seems to me that this kind of information should be indicated in the white paper of the project. try looking there.

[bazar111]

I am confused by the fact that the ADAB-exchange will trade only the main crypto-currencies. Perhaps by Shariah norms this is the right decision. But in order to attract as many people as possible, including non-Muslims, the exchange must trade various types of cryptocurrencies.

Why do you think so ? I do not see such information anywhere.

[MaxCain]

@ Community Development Manager  -  Abeer Mousa from Egypt


This is hilarious Abeer..... these "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 to new levels that are pathetic.

You call yourself Community Development Manager that bans people on Telegram when they say something that you do not want to answer but let the one fool make 30+ aliases usernames to post here?

Abeer Mousa you have let the Adab Haraam exchange scam community down  

Why are there 30+ multiple aliases are posting here to pump the thread?

Please be more rational, I am sure you know bounty program very well, under The Signature Campaign, the participant would be required to comment on the Ann thread weekly/daily in order to qualify for rewards. This is to bring exposure to the project, and all project run on Bitcointalk platform doing this.

If you think what ADAB doing here is wrong, then, your perception should be the same to the rest of those projects that are using the Bitcointalk platform to run Signature Campaign, and to be fair, you should go around to "expose" the rest of the project also, and again unless you are talking about a double standard here, and it seems to me that you are inclined to set 2 different standards of "judgment".

Should this be the case, then what you did to ADAB will be very irrational, people can easily draw to a conclusion from your action is that what you did to ADAB here (24/7) is out of hatred and with hidden "despicable" agenda, it seems to me you are trying your very best to damage the reputation of ADAB or even to the extent of completely destroy it. I am not sure what ADAB had done to you that deserved such a "treatment" from you, (you have been flooding this thread day in and day out with repeated posting).

I did talk to the manager about this havoc you cause here, he told me you are an ex-employee who service was terminated due to unprofessionalism, I am not sure whether what he told me is reliable, but from what I can see here, I would prefer to give him the benefit of the doubt.

I did provide you with the second opinion regarding those questions you had posted here: https://bitcointalk.org/index.php?topic=4720775.msg47029810#msg47029810     please read them, and try to see it from a different perspective.

Should ADAB really turn out to be a scam, you have already done enough and did your best to warn others. Seriously, go and get back your life and forget about this ADAB Ann Thread.

Every investor should do their own due diligent if they thinking of invest in ADAB ICO.

[TimurBit]

I am confused by the fact that the ADAB-exchange will trade only the main crypto-currencies. Perhaps by Shariah norms this is the right decision. But in order to attract as many people as possible, including non-Muslims, the exchange must trade various types of cryptocurrencies.

I fully agree with you, the more trading pairs on the exchange itself, the better.

[JollyGood]

Nice to communicate with adequate educated people.

Thanks... but you didnt answer

Ask a question again please. maybe I missed something

And ICO means - to be transparent, so why dont you then use banks in order not to be transparent? what is the point of ICO?

I already answered you. Of course, ICO is a transparent process. But there is a stage of a closed private sale. At this stage we cannot provide evidence. I think to solve this problem, you should wait until the end of Private Sale and the start of Presale. Then everything will become transparent. That's all I can tell you now...

Thanks for your answer, but still he is a part of your team.

No. Maybe you confuse Muhammad Abu Bakar(advisor) with Mufti Faraz Adam(Internal Shariah Compliance Officer).

how actually you are going to benefit financially?

The profit for the project team will be just like the profit of any other exchange. The commission from the transaction, the rise in the price of business, the rise in the price of tokens, listings of other coins...

I mean why should smb buy your token now if he/she can buy it after ICO?

Participants of the second stage of the Private sale are able to receive a bonus up to 50%. a few weeks ago this bonus was up to 80%. When the token will be listed on exchange and will be liquid, then it is easy to calculate the profit.

It is easy to manipulate the price of given crypto instrument (if you have enough money to-do so). So my question - what happen if smb start performing pump and dump actions to the Shari'ah approved token?

I don't know if there will be any sanctions for this. My answer is:
We are working on such a question - how to prevent artificial control of the price of assets. We are actively working on the procedures for the exchange. Including this will be due to regulatory requirements. From this will also follow what sanctions will be applied for such attempts. But the fact that we will follow this carefully is certain, because otherwise we will be punished. And the matter is not so much in compliance with the rules of Islamic finance, as in compliance with the laws. Any manipulation of the market is illegal.


with best regards

@zugvogel21


He is answering your posts very reluctantly. I guess he does understand the logic of your asking about being transparent and independently having things checked by non-members of the team but he keeps giving answers that reflect on the whole project.

After all this whitetoo fool is the same one who accused me of stealing money from this scam Adab Haraam exchange (just because I asked questions whitetoo and his paymasters from Kazakhstan could not answer otherwise they would be exposed as frauds) so why believe anything he says?

Please ask him about the actual religious background of the Kazakh trio team members. Ar they Shia, Sunni, Druze, Alawite, Qaidiani or other. And if he managed to answer you please make sure you ask specific denomination.

[drrekkty]

I am confused by the fact that the ADAB-exchange will trade only the main crypto-currencies. Perhaps by Shariah norms this is the right decision. But in order to attract as many people as possible, including non-Muslims, the exchange must trade various types of cryptocurrencies.

Why do you think so ? I do not see such information anywhere.

I also think they will be operating like other exchanges but excluding to list non shariah tokens connected with gambling, drugs, alcohol etc

[JollyGood]

First islamic crypto exchange must have unique design, not similar with previous exchanges.
You can also add something islamic as well.

yes, it must. but as you can see their Exchange have nothing unique.

infact they don't have any exchange they just used available plugins and tools and created an exchange which is no way unique and especially and literally has nothing Islamic in it.

I have to agree with most of the users here that it's just another scam project.

they are using name of Islam to scam the muslim community.

Thank you for the kind post. I appreciate it.

Yes there is nothing unique about this Adab Haraam exchange scammers website. It is just an ugly pathetic looking piece of rubbish website that is never going to take on any exchange. The scammers are lying by calling it Shariah compliant but it is Haraam !!

The pathetic website looks like some hideous software coded 20 years ago and the Adab Haraam exchange scammers are using tradingview.com to get their stats for their "exchange" that claim was custom coded and "developed". Nothing custom coded here, all available plugin software including their cms platform

I agree with you they are using the name of Islam and Shariah to scam the Muslim community.

[drrekkty]

First islamic crypto exchange must have unique design, not similar with previous exchanges.
You can also add something islamic as well.

yes, it must. but as you can see their Exchange have nothing unique.

infact they don't have any exchange they just used available plugins and tools and created an exchange which is no way unique and especially and literally has nothing Islamic in it.

I have to agree with most of the users here that it's just another scam project.

they are using name of Islam to scam the muslim community.

Thank you for the kind post. I appreciate it.

Yes there is nothing unique about this Adab Haraam exchange scammers website. It is just an ugly pathetic looking piece of rubbish website that is never going to take on any exchange. The scammers are lying by calling it Shariah compliant but it is Haraam !!

The pathetic website looks like some hideous software coded 20 years ago and the Adab Haraam exchange scammers are using tradingview.com to get their stats for their "exchange" that claim was custom coded and "developed". Nothing custom coded here, all available plugin software including their cms platform

I agree with you they are using the name of Islam and Shariah to scam the Muslim community.

Probably they don't have nothing unique in terms of UI, but don't you think that their main goal is to allow muslims to join crypto world? This is killer feature

[ARTiShock2008]

I am confused by the fact that the ADAB-exchange will trade only the main crypto-currencies. Perhaps by Shariah norms this is the right decision. But in order to attract as many people as possible, including non-Muslims, the exchange must trade various types of cryptocurrencies.

Why do you think so ? I do not see such information anywhere.

I also think they will be operating like other exchanges but excluding to list non shariah tokens connected with gambling, drugs, alcohol etc

I'm wondering how can I filter the origin of funds? There are crypto mixers. And people who are engaged in illegal business can send their bitcoins there and get new ones from the mixer. which will not have "dirty" traces, but this will not make money cleaner.

[farraddy]

I also think they will be operating like other exchanges but excluding to list non shariah tokens connected with gambling, drugs, alcohol etc

With alcohol, drugs, etc. all clear. But how will they deal with the issue of inclusion of tokens to trade? There are many different tokens. Some Muslims may disagree with them about the Halal value of some token.

[trobbert]

I am confused by the fact that the ADAB-exchange will trade only the main crypto-currencies. Perhaps by Shariah norms this is the right decision. But in order to attract as many people as possible, including non-Muslims, the exchange must trade various types of cryptocurrencies.

Why do you think so ? I do not see such information anywhere.

I also think they will be operating like other exchanges but excluding to list non shariah tokens connected with gambling, drugs, alcohol etc

I'm wondering how can I filter the origin of funds? There are crypto mixers. And people who are engaged in illegal business can send their bitcoins there and get new ones from the mixer. which will not have "dirty" traces, but this will not make money cleaner.

It is true, but Adab doesn't care about it. Even Ceo has answered in this thread that their primarly goal is to filter listing projects. All what they want to suggest is shariah compliant tokens listed on exchange

[farraddy]

It is difficult to be guided in certain matters by the rules of religion. It is even more difficult when norms can be interpreted in different ways. ADAB has set itself a difficult task.