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

[gennadyg]

I have a question regrading this Islamic exchange system how you will monitor the source of income of any person. Maybe you post this answer before but hard to browse the whole thread. Only Muslim people will be able to trade there or invest in this project?

Not only Muslims can invest in the project, but at the expense of the flow of people, yes, I agree, you can simply do the verification for everyone

It is reasonable to do the fullest possible verification with the mandatory KYC for all. Thus, participants will be protected from possible fraud.

yeah, that would be nice.would exclude all scams and honest people would be able to get the most from the project.

[Fedianex]

The project I liked the novelty.In this direction I have not met such.successfully all combined.

The project is really unusual, the main thing is that everything will be implemented correctly in the future, because there will be a long way

[Ondrakel]

I have a question regrading this Islamic exchange system how you will monitor the source of income of any person. Maybe you post this answer before but hard to browse the whole thread. Only Muslim people will be able to trade there or invest in this project?

Not only Muslims can invest in the project, but at the expense of the flow of people, yes, I agree, you can simply do the verification for everyone

It is reasonable to do the fullest possible verification with the mandatory KYC for all. Thus, participants will be protected from possible fraud.

yeah, that would be nice.would exclude all scams and honest people would be able to get the most from the project.

There are a lot of projects, which are the most common scam, they collect money and everything, nothing else happens, but the adab project is a real exchanger

[Salichex]

There are many common cryptocurrency exchanges on the market, but the ADAB team developed the first exchange with a big difference. Therefore, strongly competitors will not interfere.

What are the main advantages of the future ADAB platform? Than this exchange will be better?

This exchange differs from the existing ones in that Muslims will be able to use it and are not afraid that they will break the rules of their religion.

That's right, they will be completely confident in their exchanger, and besides, it is done specifically for this people.

[Fedianex]

I have a question regrading this Islamic exchange system how you will monitor the source of income of any person. Maybe you post this answer before but hard to browse the whole thread. Only Muslim people will be able to trade there or invest in this project?

Not only Muslims can invest in the project, but at the expense of the flow of people, yes, I agree, you can simply do the verification for everyone

It is reasonable to do the fullest possible verification with the mandatory KYC for all. Thus, participants will be protected from possible fraud.

yeah, that would be nice.would exclude all scams and honest people would be able to get the most from the project.

I generally think that verification should be one of the main rules in any project.

[Ondrakel]

The guys from the project should understand that they have a lot of competitors, now there are a lot of exchanges that have taken their places in the market and there is already a long period of time, but the unique thing is that it is for the Muslim people and they have to accept their project, because everything is done for them

[Salichex]

The guys from the project should understand that they have a lot of competitors, now there are a lot of exchanges that have taken their places in the market and there is already a long period of time, but the unique thing is that it is for the Muslim people and they have to accept their project, because everything is done for them

Muslims are smart people, they are well aware that the project did not violate the rules of Sharia, and this is very important for them

[JollyGood]

I could not find a description of how this exchange will fully comply with Sharia law. I am just interested.

This project is a scam because it claims to be Shariah complaint but it is a lie, this is not a Halal or Shariah compliant project.

why are you so sure that this project is a scam and that they are lying about Shariah norms? After all, in fact, the stock exchange have not  yet been developed

When you start a business that you claim to be Halal or Shariah compliant but will not make checks as to who is investing in your company and which source those funds are coming from then it is not a Shariah compliant business. The people behind this exchange are liars and scammers.

Hi mate, belive me this project is not scam they are more than scam, I understand Sharia norms, I had studied shariah, this project want to  make  money laundering, they , they need to hide their money and lunder it.
As you  said many times here that they are not applying Sharia! You are right, they are ERC20 and ethereum is POS which is Haram not halal because of the interest that people is getting from stacking is forbidden in Shariah.
I'm sure Muslims who is already in crypto market will not invest in this project because they don't consider others exchanges like Binance and Kucoin as forbidden.
One more thing , the team is real but they don't have any experience in crypto currency, when this exchange go live they will be hacked because they are not professional in this field.

Well first of all thank you for your post. It is refreshing to read a real post rather than sock-puppets flooding the thread.

I did not even think about the ERC20 structural part of their plan, I only wanted to ask about and highlight the lack of due-diligence on part of Adab Solutions by not going to extreme lengths to ensure to try their best to ensure the sources of income of individual and corporate ICO investors was "clean" according to Shariah.

Thank you for highlighting the issue about the ERC20 token structural set up. I might ask about this later but for now I have asked 9 questions in total and given time for a response. The OP asked me to remove my signature before he would consider it. Not only did I remove my signature I also stated I would remove any posts they want if they gave satisfactory answers within the time frame allotted to them.

6 questions were for the Kazakh team members and 3 were for the OP. I asked the OP for an apology and full explanation as to why he lied because he accused me of theft and accused me of being an ex-employee of Adab Solutions. In his answer but he gave an incoherent response saying he could effectively not comment and made no apology.

I re-iterated the need for an apology for his false accusation and will wait until 72 hours from the questions were asked before I post again asking for clarification on the remaining questions and my overdue apology.

Thank you for highlighting the ERC20 issue, I will check it out and if necessary ask the OP for a response. Did they reply to your post? I have 99% of the thread on IGNORE as they are sock-puppet flooders creating false hype so would have seen a post from you or the OP but never found one.

[sofaflesh]

The guys from the project should understand that they have a lot of competitors, now there are a lot of exchanges that have taken their places in the market and there is already a long period of time, but the unique thing is that it is for the Muslim people and they have to accept their project, because everything is done for them

Muslims are smart people, they are well aware that the project did not violate the rules of Sharia, and this is very important for them

this religion has a very developed respect and trust, so this exchange will be very popular in countries that support Sharia, this exchange will flourish

[Genrix]

The guys from the project should understand that they have a lot of competitors, now there are a lot of exchanges that have taken their places in the market and there is already a long period of time, but the unique thing is that it is for the Muslim people and they have to accept their project, because everything is done for them

Creating an exchange is a competitive activity,but with competency better product is gonna to be created,so I am favour of competency in this industry

[daly896]

The guys from the project should understand that they have a lot of competitors, now there are a lot of exchanges that have taken their places in the market and there is already a long period of time, but the unique thing is that it is for the Muslim people and they have to accept their project, because everything is done for them

Muslims are smart people, they are well aware that the project did not violate the rules of Sharia, and this is very important for them

Of course there is no violation at all! I am totally sure that they will suceed and create something valuable.
Believe me, it will happen,because I am sure in Adab

[trobbert]

The guys from the project should understand that they have a lot of competitors, now there are a lot of exchanges that have taken their places in the market and there is already a long period of time, but the unique thing is that it is for the Muslim people and they have to accept their project, because everything is done for them

Muslims are smart people, they are well aware that the project did not violate the rules of Sharia, and this is very important for them

this religion has a very developed respect and trust, so this exchange will be very popular in countries that support Sharia, this exchange will flourish

Indeed! This exchange should be very popular in shariah countries and that is the main goal of Adab.
A new big market just without competency!

[daly896]

I have a question regrading this Islamic exchange system how you will monitor the source of income of any person. Maybe you post this answer before but hard to browse the whole thread. Only Muslim people will be able to trade there or invest in this project?

Not only Muslims can invest in the project, but at the expense of the flow of people, yes, I agree, you can simply do the verification for everyone

It is reasonable to do the fullest possible verification with the mandatory KYC for all. Thus, participants will be protected from possible fraud.

yeah, that would be nice.would exclude all scams and honest people would be able to get the most from the project.

There are a lot of projects, which are the most common scam, they collect money and everything, nothing else happens, but the adab project is a real exchanger

Yeah, it is so.
I am afraid of participating in scam and here I see well developed exchange with perfect idea of entering Shariah market.

[kkerrex]

Well, it seems to me Adab exchange has a lot of progress for last days and that's why I am going to support it.

[trobbert]

cryptocurrency at the moment is not very popular around the world, almost all people on our planet know about it, but not all use it or have to do with it, so it does not depend on the faith and the race

Unfortunately, it depends. There are people who know about cryptocurrencies, but do not use them yet, because they are not sure that this is allowed by their religion.

It is so sad to know that somebody won't use crypto just because it is prohibited!
I feel bad for such people, it is really frustrating!

[Genrix]

But there are not many tokens which are breaking sheriat rules. Only gambling, alcoholic and adult video projects.

Actually the opposite. There are not so many tokens that fall under these rules. A commission will be created to make such decisions.

That's true, only a few of tokens will be restricted from listing on Adab, to be honest I don't even know drugs tokens or created for alcohol transactions.

[spawn4ever]

for me,cryptocurrency is more stable than Fiat money.can habit)

what? really? crypto was dumper on 80% in last months and its more stable?

[kkerrex]

for me,cryptocurrency is more stable than Fiat money.can habit)

what? really? crypto was dumper on 80% in last months and its more stable?

You mean that crypto was dumped these days?
For sure it is so, but you know, in some countries national currency can fall as well! Is that you calling stability?

[Cuk0ng_bitc0in]

maybe UAE will adopting this coin to make them solution oil payment aroun dthe world

[minttop]

maybe UAE will adopting this coin to make them solution oil payment aroun dthe world

UAE has a lot of options to apply this coin, but I would like to know official response. How will you use adab token in entire system?