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

[patrickSmith]

where will the collected funds be directed?

•   Islamic crediting system ADAB Solutions implements the possibility of users purchasing ADAB tokens within the framework of ICO.

•   The purpose of the ICO is to raise funds for the development and scaling of the Islamic crypto-exchange (First Islamic Crypto Exchange) and to provide access to ADAB Solutions products to a wide range of users.

[vip555]

what is your projected trading volume on your stock exchange?

[patrickSmith]

what is your projected trading volume on your stock exchange?

The release of First Islamic Crypto Exchange is forecasted for a daily trading volume of about $ 146 million and a monthly turnover of $ 4.4 billion $ during the first one and a half years of operation of the exchange.

[hesham51]

You postponed tokens sale? Accrding your twitter post token sale must had starts at 5th September. But now start sales in 40 days on your website?

we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.
You are still able to participate in closed presale.

[hesham51]

ADAB Solutions` strategic moves: the token burning process

An increasing demand for ADAB tokens, with an increase in the amount and the integration of additional services, will lead to an increase in the cumulative transactions within the FICE, which ... Read more

[hesham51]

where will the collected funds be directed?

All the raised funds during the ICO stages will be allocated in accordance with the cost structure.
More data in the below article
https://medium.com/@adabsolutions/stage-4-of-the-roadmap-in-the-process-959a76136ed6

[Landak]

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

[hesham51]

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

[Asmh85]

You postponed tokens sale? Accrding your twitter post token sale must had starts at 5th September. But now start sales in 40 days on your website?

we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.
You are still able to participate in closed presale.

It's just dawn on me, the private presale is still open and you have just postponed the presale and ICO,am I right?

[vavan37]

The company plan regarding the upcoming token sale are fair, reasonable and transparent, as stated before, is already a profitable business with huge popularity across the worldwide market due to its innovative stragies, business solutions.

[Landak]

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

OK understand, it seems very legit after read that article (got some knowledge) but there is still has some problem that is about decentralized if ADAB can keep the price stable like USDT,DAI or XRP i guess ADAB will be the best ever project in this years. talking about the Shariah norms its mean that you will use centralized system, right? I got the words from https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
Islamic financial principles:
· Government, as a regulating and controlling Board
if you seriously can realization that point to becomes a reality, I will really like it. it means this project is not just using the word shariah norm. very interesting project, i will keep focus my eyes to this project.

[hesham51]

You postponed tokens sale? Accrding your twitter post token sale must had starts at 5th September. But now start sales in 40 days on your website?

we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.
You are still able to participate in closed presale.

It's just dawn on me, the private presale is still open and you have just postponed the presale and ICO,am I right?

Yes, You are still able to participate in private presale: https://ico.adabsolutions.com/user/register

[Asmh85]

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

OK understand, it seems very legit after read that article (got some knowledge) but there is still has some problem that is about decentralized if ADAB can keep the price stable like USDT,DAI or XRP i guess ADAB will be the best ever project in this years. talking about the Shariah norms its mean that you will use centralized system, right? I got the words from https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
Islamic financial principles:
· Government, as a regulating and controlling Board
if you seriously can realization that point to becomes a reality, I will really like it. it means this project is not just using the word shariah norm. very interesting project, i will keep focus my eyes to this project.

I guess the government should be involved to monitor activities to eliminate any potential of shady activities and manipulation, the government that give jurisdiction to the exchange should protect their citizens and others not to caught up in shady money grabbing companies.

[hesham51]

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

OK understand, it seems very legit after read that article (got some knowledge) but there is still has some problem that is about decentralized if ADAB can keep the price stable like USDT,DAI or XRP i guess ADAB will be the best ever project in this years. talking about the Shariah norms its mean that you will use centralized system, right? I got the words from https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
Islamic financial principles:
· Government, as a regulating and controlling Board
if you seriously can realization that point to becomes a reality, I will really like it. it means this project is not just using the word shariah norm. very interesting project, i will keep focus my eyes to this project.

I guess the government should be involved to monitor activities to eliminate any potential of shady activities and manipulation, the government that give jurisdiction to the exchange should protect their citizens and others not to caught up in shady money grabbing companies.

The article is about the principles of Islamic finance in general which include comprehensive financial services ,the point you've mentioned will not affect the decentralized feature which represents one of the most important characteristic in blockchain,I can say it's related to Islamic banking , in addition , ADAB is engaged in the registration of FICE in Malta.  

[Asmh85]

Hello there, I would like to inquire about your ICO whether it's support trustless ICO pool or not?

[hesham51]

Hello there, I would like to inquire about your ICO whether it's support trustless ICO pool or not?

Hello, the main needs for ICO pool is to get access to the ICO as early birds when the minimum purchase is huge for the investors and the second reason is to get the biggest bounces when investors participate in ICO pool so they receive their token in proportion to their initial investment, but due to the current circumstance of the Crypto Market as whole and the conditions of ADAB ICO codes trust-less ICO pool is useless , anyway if you or any other are willing to invest to get a huge bounce then you can join ADAB official group in telegram and communicate with admin and they will help you in participation.

[hesham51]

Hi admin. why is the ICO postponed?
what reasons?
already know how much money has already been collected?

Hi , You are still able to participate in closed presale , to know more please read the below announcement


DEAR ADAB COMMUNITY!!!                                                                                                                                                

Today, due to the requests from the participants of the white list and in relation to the need to complete our road show, all our Advisors unanimously advised me to postpone the ICO.  

After long discussions with our ADAB Solutions team and our partners, advisers and, most importantly, taking into account the opinions of people interested to participate in our project, we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.

We also believe that the shifting of dates will allow us to better prepare for the ICO and will contribute positively to the interests of all potential participants of our project.

In a short time we received tremendous support from professionals, including people who had never participated in ICO projects before. We are very pleased with this interest and did not expect that there will be so many of them.

During the last campaign, about 700 users registered on our website and only 10% of them made payments. This means that the remaining 90% did not have time to buy the company tokens. Therefore, we want to grant participants more time to understand the industry, and help them to get prepare for the upcoming official launch of sales.

During the last business meetings a considerable number of major players showed interest in our project, many of them requested for extra time to have a detailed understanding of the project and response to their inquiries. Additional time will be used by ADAB Solutions team to work actively in all directions.

We plan to spend our time on productive and deep communication with stakeholders and expand the geography of the road shows. We want to assure the community that we are doing our best to ensure that our ICO fully takes into accounts all relevant provisions and norms of Shariah law.

Moreover, we want to note that the postponement of dates will not affect our plans to launch an exchange based on the principles of Islamic finance. We are working on the project in the normal mode.

Official website: www.adabsolutions.com
Private sale: ico.adabsolutions.com
Telegram Group: https://t.me/Adabsolutions

[hesham51]

The countdown to the Global Islamic Fintech Summit 2018

Only 9 days left till the Global Islamic Fintech Summit, which will be held in Kuala Lumpur, on 18th and 19th of September ... Read More

[Asmh85]

Do you have referral systems so we can use it to get extra bounces?

[hesham51]

Do you have referral systems so we can use it to get extra bounces?

There is no referral system, but in case you have an issue about investment you can contact ADAB's admin in chatting group in telegram ,they are helpful.
Telegram: https://t.me/Adabsolutions