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

[hesham51]

how many tokens have been  sold until now?

ADAB had started the private pre-sale on the 15 August 2018 and it will last until 5 September 2018, we will announce the amount of sold tokens when they finish the presale.

[1715296954]

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[1715296954]

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[1715296954]

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[1715296954]

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[Asmh85]

how many tokens have been  sold until now?

ADAB had started the private pre-sale on the 15 August 2018 and it will last until 5 September 2018, we will announce the amount of sold tokens when they finish the presale.

I think it is too early for such question, they are need to raise the funds in this private presale to start their steps towards ICO phase.

[HAKHALI]

Hello. I would like to know what are the unique norms of sharia?

Islamic Finance refers to the provision of financial services in accordance with Sharia norms, principles and rules. Sharia does not permit receipt and payment of "riba" (interest), "gharar" (excessive uncertainty), "maysir" (gambling), short sales or financing activities that it considers harmful to society. Instead, the parties must share the risks and rewards of a business transaction and the transaction should have a real economic purpose without undue speculation, and not involve any exploitation of either party.

To know more about Sharia norms find below some links may help you internalize the Principles of Shariah norms:
 
https://en.wikipedia.org/wiki/Islamic_economics
http://www.islamicinsights.com/religion/an-introduction-to-islam-and-economics.html
http://www.imf.org/external/themes/islamicfinance/
https://blogs.imf.org/tag/islamic-finance/
https://blogs.imf.org/2017/02/21/islamic-banking-proposals-get-imf-approval/
  

really , i haven't understood how FICE would involve or practice  these norms of Shareaa (except by  prohibiting  some coins to be listed on it )..any moslem can do that on the other  crypto exchanges , i mean what the other procedures of FICE TO implement the Islamic finance method ??   

[HAKHALI]

Recently, there was news that regulators in Saudi Arabia banned the use of cryptocurrency! I'm very worried about it.. I hope you're doing well with the project? I would like to hear a positive answer! I look forward to your project in the future. Your plans are ambitious.

Yes, Saudi Arabia have reminded citizens that trading in cryptocurrency is illegal in the country. This reminder comes following the recent emergence of virtual currency trading promotions in the Arab nation. statement is:
"THE COMMITTEE ASSURED THAT VIRTUAL CURRENCY INCLUDING, FOR EXAMPLE BUT NOT LIMITED TO, THE BITCOINS ARE ILLEGAL IN THE KINGDOM AND NO PARTIES OR INDIVIDUALS ARE LICENSED FOR SUCH PRACTICES."
For ADAB SOLUTIONS, It emerg from the same society and bear the same ethics, so no fear.

yes i agree with you because ADAB SOLUTION company registered in UAE not SA , also as we notice in some countries like USA and CHINA , although that their regulators banned cryptocurrencies use but we find their citizens participate strongly in this market ...

[Asmh85]

Recently, there was news that regulators in Saudi Arabia banned the use of cryptocurrency! I'm very worried about it.. I hope you're doing well with the project? I would like to hear a positive answer! I look forward to your project in the future. Your plans are ambitious.

Yes, Saudi Arabia have reminded citizens that trading in cryptocurrency is illegal in the country. This reminder comes following the recent emergence of virtual currency trading promotions in the Arab nation. statement is:
"THE COMMITTEE ASSURED THAT VIRTUAL CURRENCY INCLUDING, FOR EXAMPLE BUT NOT LIMITED TO, THE BITCOINS ARE ILLEGAL IN THE KINGDOM AND NO PARTIES OR INDIVIDUALS ARE LICENSED FOR SUCH PRACTICES."
For ADAB SOLUTIONS, It emerg from the same society and bear the same ethics, so no fear.

So Saudi can't use cryptocurrency at all?

Actually I don’t have accurate information, but I think they are still trading cryptocurrencies and as I know some saudi are still using their VISA cards buying through many exchanges, I can see this ban news as a high warning for their citizens because the lack of regulations.

Many countries get confused in how to deal with crypto market and so arabic countries not only for religious reasons, but for financial reasons.

[Asmh85]

Hello. I would like to know what are the unique norms of sharia?

Islamic Finance refers to the provision of financial services in accordance with Sharia norms, principles and rules. Sharia does not permit receipt and payment of "riba" (interest), "gharar" (excessive uncertainty), "maysir" (gambling), short sales or financing activities that it considers harmful to society. Instead, the parties must share the risks and rewards of a business transaction and the transaction should have a real economic purpose without undue speculation, and not involve any exploitation of either party.

To know more about Sharia norms find below some links may help you internalize the Principles of Shariah norms:
 
https://en.wikipedia.org/wiki/Islamic_economics
http://www.islamicinsights.com/religion/an-introduction-to-islam-and-economics.html
http://www.imf.org/external/themes/islamicfinance/
https://blogs.imf.org/tag/islamic-finance/
https://blogs.imf.org/2017/02/21/islamic-banking-proposals-get-imf-approval/
  

really , i haven't understood how FICE would involve or practice  these norms of Shareaa (except by  prohibiting  some coins to be listed on it )..any moslem can do that on the other  crypto exchanges , i mean what the other procedures of FICE TO implement the Islamic finance method ??   

Yes,this good question should be clear here

[hesham51]

Recently, there was news that regulators in Saudi Arabia banned the use of cryptocurrency! I'm very worried about it.. I hope you're doing well with the project? I would like to hear a positive answer! I look forward to your project in the future. Your plans are ambitious.

Yes, Saudi Arabia have reminded citizens that trading in cryptocurrency is illegal in the country. This reminder comes following the recent emergence of virtual currency trading promotions in the Arab nation. statement is:
"THE COMMITTEE ASSURED THAT VIRTUAL CURRENCY INCLUDING, FOR EXAMPLE BUT NOT LIMITED TO, THE BITCOINS ARE ILLEGAL IN THE KINGDOM AND NO PARTIES OR INDIVIDUALS ARE LICENSED FOR SUCH PRACTICES."
For ADAB SOLUTIONS, It emerg from the same society and bear the same ethics, so no fear.

yes i agree with you because ADAB SOLUTION company registered in UAE not SA , also as we notice in some countries like USA and CHINA , although that their regulators banned cryptocurrencies use but we find their citizens participate strongly in this market ...

Every country has its own regulates to protect their people from the risk in addition to they take in account the tax. The citizens of these countries still trading and dealing with cryptocurrency , but they are still excluded from participating in many ICOs  .

[mamoun]

What are the biggest challenges you expect to face and how do you plan to overcome these challenges?

[hesham51]

Hello. I would like to know what are the unique norms of sharia?

Islamic Finance refers to the provision of financial services in accordance with Sharia norms, principles and rules. Sharia does not permit receipt and payment of "riba" (interest), "gharar" (excessive uncertainty), "maysir" (gambling), short sales or financing activities that it considers harmful to society. Instead, the parties must share the risks and rewards of a business transaction and the transaction should have a real economic purpose without undue speculation, and not involve any exploitation of either party.

To know more about Sharia norms find below some links may help you internalize the Principles of Shariah norms:
 
https://en.wikipedia.org/wiki/Islamic_economics
http://www.islamicinsights.com/religion/an-introduction-to-islam-and-economics.html
http://www.imf.org/external/themes/islamicfinance/
https://blogs.imf.org/tag/islamic-finance/
https://blogs.imf.org/2017/02/21/islamic-banking-proposals-get-imf-approval/
  

really , i haven't understood how FICE would involve or practice  these norms of Shareaa (except by  prohibiting  some coins to be listed on it )..any moslem can do that on the other  crypto exchanges , i mean what the other procedures of FICE TO implement the Islamic finance method ??   

In many crypto exchanges people don't have a full control on coins listing, people always exposer to the exchange terms, to be committed to Sharia norms ,FICE will not support some of activities which are related to sex, alcoholic, financial pyramids, gambling and lending , at FICE there will be no speculative deals, margin trading.

[hesham51]

What are the biggest challenges you expect to face and how do you plan to overcome these challenges?

One of the challenges that FICE may be faced is delivering optimal user experience and fast trading engine ,but this issue can be mitigated by FICE platform which will be able to process up to 3,000,000 applications per second and this capability is making FICE fast so users will be guaranteed that their applications will never be suspended due to congestion of the platform.

[hesham51]

What is the difference between FICE and others?

Until now, there is not a single cryptocurrency platform or a crypto exchange which would guarantee activities based on Shariah. Adab Solutions will be the first project that will allow performing cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah norms. ADAB Solutions' operations are transparent, and are not making any manipulations whatsoever.
In addition ADAB are arranging charity organization from the particular percentage of the revenue we get. We are heavily competing with other exchanges, we are true to our unique strategic business model and we are following it.

[canaveralnonie]

What is the difference between FICE and others?

Until now, there is not a single cryptocurrency platform or a crypto exchange which would guarantee activities based on Shariah. Adab Solutions will be the first project that will allow performing cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah norms. ADAB Solutions' operations are transparent, and are not making any manipulations whatsoever.
In addition ADAB are arranging charity organization from the particular percentage of the revenue we get. We are heavily competing with other exchanges, we are true to our unique strategic business model and we are following it.

It's good to see those idea on the real life, specially on this dark days of crypto market. I am looking forward to the success of this project and hope that this will never gonna be a ghost exchange like others.

[anobtc]

Hello, I just confused about the Terms and Conditions of the ICO in Whitepaper and your website. On your website, The amount of charges on closed and preliminary sale are 5 610 000 $ and the Volumes of fees at the crowdsale is 13 090 000 $. But in the WP it is 5,187,000$ and 12,103,000$ respectively. So what one is correct? Thanks!

Hello, the amount that should be collected during closed and presales is 5 610 000 $ and the amount that should be collected on the crowdsale is 13 090 000 $ , sorry for making you get confused , but you can refer to this article for more details.

https://medium.com/@adabsolutions/adab-solutions-presents-a-code-of-conduct-for-ico-987c7ad1de7c
https://steemit.com/cryptocurrency/@adabsolutions/adab-solutions-presents-a-code-of-conduct-for-ico

Thanks for your fast responding. I have the correct number So I think that your Whitepaper needs to revise that information, right? It'll better to have a unified data.

[Asmh85]

What is the difference between FICE and others?

Until now, there is not a single cryptocurrency platform or a crypto exchange which would guarantee activities based on Shariah. Adab Solutions will be the first project that will allow performing cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah norms. ADAB Solutions' operations are transparent, and are not making any manipulations whatsoever.
In addition ADAB are arranging charity organization from the particular percentage of the revenue we get. We are heavily competing with other exchanges, we are true to our unique strategic business model and we are following it.

It's good to see those idea on the real life, specially on this dark days of crypto market. I am looking forward to the success of this project and hope that this will never gonna be a ghost exchange like others.

Hahaha, I like the new name of the exchanges"ghost exchange", what a lot of that sureal exchange.

[hesham51]

Hello, I just confused about the Terms and Conditions of the ICO in Whitepaper and your website. On your website, The amount of charges on closed and preliminary sale are 5 610 000 $ and the Volumes of fees at the crowdsale is 13 090 000 $. But in the WP it is 5,187,000$ and 12,103,000$ respectively. So what one is correct? Thanks!

Hello, the amount that should be collected during closed and presales is 5 610 000 $ and the amount that should be collected on the crowdsale is 13 090 000 $ , sorry for making you get confused , but you can refer to this article for more details.

https://medium.com/@adabsolutions/adab-solutions-presents-a-code-of-conduct-for-ico-987c7ad1de7c
https://steemit.com/cryptocurrency/@adabsolutions/adab-solutions-presents-a-code-of-conduct-for-ico

Thanks for your fast responding. I have the correct number So I think that your Whitepaper needs to revise that information, right? It'll better to have a unified data.

Yes you are right, we have already asked the team to update the Whitepaper,  but the team are busy in prrivate presale,  sure they are going to revise the Whitepaper after they finish the private pre-sale.
Thanks for your attention 

[Asmh85]

Hello, I just confused about the Terms and Conditions of the ICO in Whitepaper and your website. On your website, The amount of charges on closed and preliminary sale are 5 610 000 $ and the Volumes of fees at the crowdsale is 13 090 000 $. But in the WP it is 5,187,000$ and 12,103,000$ respectively. So what one is correct? Thanks!

Hello, the amount that should be collected during closed and presales is 5 610 000 $ and the amount that should be collected on the crowdsale is 13 090 000 $ , sorry for making you get confused , but you can refer to this article for more details.

https://medium.com/@adabsolutions/adab-solutions-presents-a-code-of-conduct-for-ico-987c7ad1de7c
https://steemit.com/cryptocurrency/@adabsolutions/adab-solutions-presents-a-code-of-conduct-for-ico

Thanks for your fast responding. I have the correct number So I think that your Whitepaper needs to revise that information, right? It'll better to have a unified data.

I think the team should revise the whitepaper as soon as possible, coz no body will understand the mismatch

[hesham51]

Private pre-sale is running!!!
You can go through this link
https://ico.adabsolutions.com
Just register and pass KYC.

[hesham51]

by first sight i think ADAB platform is exciting and as a moslem man i wish success for them but i know that emotions in the technology filed not enough for strong competition for others , so just i wish that ADAB has strong technology to attract non-moslem investors since i haven't wide idea about the technical parts of this platform and how is it strong comparing by other projects and platforms in this field , my wishes for your platform by success and i will support  u as i can .  

Hi, firstly here I would like to clarfy that we don't try to exploit emotions and we are really compete the others technically and by the business model we adopted so that we are talking to all people regardless their religions or nationalities.
Regarding the technical principles of FICE , the FICE creates a technological services that will provide both traders and investors with the optimal set of tools ,for more information please refer to the Whitepaper and the Github for ADAB . (https://github.com/adabsolutions)

many thanks, i will check and follow the experts reaction about your project .

you can find expert ratings on websites such as: icobench.com, foundico.com, trackico.io. Expert ratings are available as well, you can check it out.
[/quote]
i have already checked ADAB SOLUTION web site and i haven't found any web links for this sites?
[/quote]Thanks for your interested , Soon we will add the rating of ADAB Solutions on the website .

anyway you can find the rating below.

 

[/quote]when? this rating must be on your web site...
[/quote]I would like to inform you that our team is busy working with all hands in all directions of the ICO, we will consider your suggestion and add it in the coming editing of our website.
Thanks for your understanding .
[/quote]Hello there, Now you can find the rate of ADAB on the website.
https://adabsolutions.com

[superman99]

I think a report about this project in any economic news of one of this public tv channels will bring a strong push for this project.

[hesham51]

I think a report about this project in any economic news of one of this public tv channels will bring a strong push for this project.

Certainly, one week ago there was strong attendance for ADAB on DUBAI INTERNATIONAL BLOCKCHAIN SUMMIT which announce about this project in very important area and soon we may post reportage
https://medium.com/@adabsolutions/more-from-dubai-international-blockchain-summit-2018-dff60f000943
https://adabsolutions.com/