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

[Freddy63]

Ok, FICE is the first islamic crypto exchange, they are going to take leading positions in shariah countries and become №1 !

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[Dezlife]

Guys,smart contracts are showing transparency and in most cases should be written BEFORE tokensale to make an audit by 3rd party and let investors analyse it

Maybe you're right, why do you think it wasn't done by the rules?

[Guardsman]

Guys,smart contracts are showing transparency and in most cases should be written BEFORE tokensale to make an audit by 3rd party and let investors analyse it

I think that the team will also soon open access to the smart contract. Why do they need extra suspicions or unrest of investors?

[AdamNelson]

Yes, nobody realise it and afraid of investing in current circumstances, but reality is that eth grow+token growth to eth = bigger profit.

Many investors do not believe in the growth of ETH, but I hope that they are wrong, and it will still start to rise in price.

[I3arni]

Guys,smart contracts are showing transparency and in most cases should be written BEFORE tokensale to make an audit by 3rd party and let investors analyse it

im totally agree with you. Investors must be sure that their money safe

[Aleksandra 81]

They will need to have connections and agreements with banks. A year after Binance came on to the scene they still have not directly settled with FIAT in to customer bank accounts.

Even if by some miracle this Adab Haraam exchange got started it will take a very long time before they got anywhere near making deals with banks.

It’s really hard to get permits for direct trading pairs with fiat. I know one project of the crypto exchange, so they have been working for half a year now and their application for permission to operate with Fiat has not yet passed from the regulator.

I am also trading on a new exchange, where there is not a single Fiat. I hope that the team will receive permission from the regulator and add fiaty.

[Bigjackpot]

There are literally hundreds of exchanges right now, are there any problems for muslims to trade there? What's your connection with UAE - there are loads of rich people, why wouldn't you find someone to sponsor this idea if it's genuine? ICO is not required for that.

The problem is that not all cryptocurrencies are approved by Sharia law.need an exchange where everything will be according to the rules and Muslims will be able to trade without fear

I would like to know what these Sharia laws are, and how this exchange will be separated from many other, already existing

There is no clear message about it and it is hard for most of us to distinguish shariah and non shariah project. I want it to be more clear.

For me it does not matter, I am not a Muslim. It is important for me that the exchange works well and has volumes on it.

[daly896]

I think that the team will also soon open access to the smart contract. Why do they need extra suspicions or unrest of investors?

I don't think they need to rush, but it would be more attractive sharing smart contract audit.
Probably they will do it after token sale.

[JollyGood]

It is indeed very difficult to check and prove that funds from the ICO participants and KYC do not have enough information to know the source of the funds.
Not only this adab project, banks or financial companies claiming to be "Shariah" alone always have controversy, between halal or haram.

Whatever it is, it will prove itself and Allah will not allow it if the project is not in accordance with the techings of Islam and has an evil purpose. Allah will be angry and will destroy it, who will be able to avoid its power? There is no.

These scammers should be ashamed of themselves for putting their personal profit ahead of their lies to promote their exchange using the word "Shariah". A bit like a Christian, Jew, Hindu, Buddhist and other religions being used to sell something that is the opposite of what their religion states but they try to sell it as something their religion promotes.

The Adab exchange team consists of mentally, morally and ethically sick people guided by lies to generate profit and income.

Listen Jamal, can you stop writing?
Do not insult religion, each religion is individual, you better return the money that you took on the development of the community!

And where are the experts and advisers?
I wonder how you understand that someone is a Muslim and who is not?

Only by name?

I think that you are a scammer who should be punished. I already wrote to the CEO projects where you are participating and told them not to deal with you.

And for reference, we do KYC and we know everyone who invested in us.
You didn’t study the project in detail and write everything superficially here, an eminent Muslim who you are not, always responsible for your words. I know who you are and why you write here.

You are a fraudster who is hiding behind himself and is not doing what he promises.

And by the way, here's some evidence for you that we are working according to Sharia!
With us in the team are very influential people from the world of Islam!

https://www.linkedin.com/in/muhammad-abu-bakar-501b31113
https://www.linkedin.com/in/faraz-adam-35592012a

Alhamdulillah, I hold Shadatul Alamiyah (Equivalent to Master in Shariah) from the world renowned and reputable Islamic university “Jamia Darul Uloom Karachi”, Pakistan where I studied from Respected Mufti Muhammad Rafi Usmani (Grand Mufti of Pakistan) & Sheikh Mufti Muhammad Taqi Usmani (Chairman, AAOIFI Shariah Board) among other great luminaries in Islamic Jurisprudence & Shariah. I have also completed 3-year specialization in Islamic jurisprudence and Fiqh al-muamalat from the same institution for which I wrote my thesis on the topic of "Maqasid al-Shariah (Objectives of Shariah) & their role in Ijtihad". Additionally, I researched and prepared more than 400 Fatawa (Shariah Rulings) majoring in Fiqh al-muamalat & Islamic finance approved by the renowned Muftis at Darul-Ifta, Jamia Darul Uloom Karachi.
Recently, I successfully completed MSc in Islamic finance from INCEIF (The Global University of Islamic Finance, Malaysia).
I am associated with various institutions and actively serves Islamic Finance, Halal and Fintech industry as Shariah Advisor /Consultant and Auditor. My areas of research and interest including but not limited to Shariah, Islamic jurisprudence, Fiqh al-muamalat, Islamic Commercial Law, Islamic Banking & Finance, Halal Certification and Compliance, Applications of Fintech, Blockchain and Cryptocurrencies.

What a pathetic attempt at trying to justify scam actions carried out by Adab Haraam exchange, whitetoo, 520bit, Russian RoyalTeam and all their sock-puppet multiple fake accounts that create fake buzz and fake hype.

This is not Shariah project. Shameful.

[SergeyZ]

I would like to know what these Sharia laws are, and how this exchange will be separated from many other, already existing

If you want to know what Sharia laws are, you need to look for information on the Internet. Here you will not be explained.

[Freddy63]

What does he need as a proof work of Adab?
In previous post there was an aswer with Linked in profiles and expertise in islamic banking, so there is no reason to be doubt in Adab.

[Discovery2017]

I would like to know what these Sharia laws are, and how this exchange will be separated from many other, already existing

If you want to know what Sharia laws are, you need to look for information on the Internet. Here you will not be explained.

Understand what Shariah is even from the Internet is unlikely to work. Have only some general terms to read. This is a very serious question. better to talk about it with those who practice Islam.

[JollyGood]

This is a very bad situation. The Adab Haraam exchange team have probably been scammed by a fake coder who told them he coded the website but instead he used a cheap $5 cms template and added freebie tradingview.com plugins.

LOL, you've made my day!

That sounds funny, really!

I imagine their coder to be punished for such a cheap template and then buying upgrade version, template for 29.90 $ and then present it as a beta version

Thank you for your post. I am happy you laughed when you read my post  

Well the irony is that the Adab Haraam exchange "team" want to scam investors by lying to them that it is a Shariah and Halal project, so they hire a $3 per hour non-technical HTML coder from the Philippines to "code" their exchange and use Russian RoyalTeam bounty manager scammers such as 520bit and whitetoo (and their multiple sock-puppet accounts) which flood their threads with propaganda to create fake buzz and generate fake hype. All to entice newbies and gullible people with a good deal that does not really exist.

However, in this case the scammers have been scammed by what they thought was a cheap coder giving them a good deal who in fact sold them a 20 year old $5 template and added tradingview.com plugins then told them HE coded it from scratch  

All this happened because the "project" is not even Shariah or religious because they have stated earlier they are happy to accept ICO investment from all sorts of illicit, immoral and illegal earnings including from drug dealers, from pimps and from prostitution.

It is a disgusting game to play actually to lie to people just to try to get rich and on top of that to use any religion to do it is so sad and so bad. Adab Haraam exchange scammers headed by the 3 Kazakh "team" are the lowest of the low.

[oficman]

I would like to know what these Sharia laws are, and how this exchange will be separated from many other, already existing

If you want to know what Sharia laws are, you need to look for information on the Internet. Here you will not be explained.

We can familiarize ourselves with the laws of Sharia by looking for information on the Internet. But the features of the platform should tell the creators of the project.

[fgp5]

I am also trading on a new exchange, where there is not a single Fiat. I hope that the team will receive permission from the regulator and add fiaty.

The exchanges that have fiat pairs, in my opinion, more attractive to work with. You can immediately withdraw money to your bank account.

[JollyGood]

And this is it? This ugly pathetic looking piece of trash website is going to take on Binance and Bittrex and the rest just because the scammers lie by calling it Shariah compliant?

Looks like something from freeware software coded 20 years ago.

The Adab Haraam exchange scammers are using tradingview.com to get their stats for their "exchange"

Nothing custom coded here, all available plugin software including their cms platform

In general, where does such information come from, that they use exactly this? I just still don’t understand why they hold conferences then, if they know what the rules of sharia and punishment are

Wow look at this innovation using 20 year old free cms website..... this is not state of the art this is the state of the scam !

Instead of coding it themselves they get freebie plugins from tradingview.com

[Landak]

-snip-

And this is it? This ugly pathetic looking piece of trash website is going to take on Binance and Bittrex and the rest just because the scammers lie by calling it Shariah compliant?

Looks like something from freeware software coded 20 years ago.

The Adab Haraam exchange scammers are using tradingview.com to get their stats for their "exchange"

Nothing custom coded here, all available plugin software including their cms platform

In general, where does such information come from, that they use exactly this? I just still don’t understand why they hold conferences then, if they know what the rules of sharia and punishment are

Wow look at this innovation using 20 year old free cms website..... this is not state of the art this is the state of the scam !

Instead of coding it themselves they get freebie plugins from tradingview.com


-snip-

only takes 23 hours, 5 pages have been created. isn't this really cool and the project is very popular haha
https://bitcointalk.org/index.php?topic=4720775.msg47390414#msg47390414 (just reading the notification email and click the link)

most of them are fake (i think) especially with account junior and lower. after you complain about suspicious account (you call it bots) and then they change how to post, now they doing quotes post.

[Crypton2018]

And if you talk about the essence of the project - is there any news from the team? Why officially the team is so inactive in the branch?

[Babyjamz3026]

It is a disgusting game to play actually to lie to people just to try to get rich and on top of that to use any religion to do it is so sad and so bad. Adab Haraam exchange scammers headed by the 3 Kazakh "team" are the lowest of the low.

Religion was used to play games for a long time during history. It makes people take irrational decisions. Frankly speaking I don't think here are shariah supporters on this forum, because religion prohibits them to invest in risky products.

[Aleksandra 81]

It is a disgusting game to play actually to lie to people just to try to get rich and on top of that to use any religion to do it is so sad and so bad. Adab Haraam exchange scammers headed by the 3 Kazakh "team" are the lowest of the low.

Religion was used to play games for a long time during history. It makes people take irrational decisions. Frankly speaking I don't think here are shariah supporters on this forum, because religion prohibits them to invest in risky products.

If I am not mistaken, then trading with Sharia law is not prohibited. If Shariah fans could not be traded, then the ADAB team would not create this exchange for them.