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

[beheper]

Although it pleases me, I see real people who present this company. I'm so tired of these Scam companies. I'm afraid to invest my money already. I don't want to get burned. So I want to get to the truth.

You are absolutely right! Before investing your money you need to carefully study the project! Examine possible risks and prospects.

And so I dont see any reasons, why I shouldn`t invest here! So just wait a presale)

What`s are talking about to invest in adab? Because I consider, that investment in 0.5 eth won`t give good results)

of course, no 0.5 eth. May be 5, may be 3 ethereums, I don`t know. A lot of depends on price of Eth to starting ICO

[1715210262]

1715210262

[1715210262]

1715210262

[JollyGood]

Well well, good thing I saw this and got some advice from a friend who is a Muslim. Most of what is written next is thanks to him so I cannot take credit for it....

Last year Halal Coin came on to the scene making all the right noises but it sank without a trace:

Halal Coin https://www.halal-coin.org/

Will this Halal Exchange go the same way as that Halal Coin?

Any exchange claiming to be Shariah compliant is no more no less Shariah compliant than most other exchanges.

It seems people behind Adab Solutions are trying to corner the Islamic investors market by promoting Shariah as its unique selling point but there is nothing more or less Shariah compliance in its format than that of most exchanges out there.

The process is virtually the same regardless of which non-FIAT exchanges people use and regardless of which FIAT based exchanges are used.

Non-FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet

FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
or
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws cash to his bank account

- Where is the Shariah compliant part in any of the above processes?

- Where is the non-Shariah compliant part in any of the above processes?

Will the OP actually explain which part of the processes of the exchange make it Shariah compliant by being Halal (acceptable practice in Islam, permissible) and which part of the processes of the exchange make it Haraam (not allowed or acceptable in Islam, forbidden)

Until or unless I see the evidence provided by from the "team" behind this exchange, from what I see the people behind this exchange are opportunistic trying to pull in investors from the Muslim community by not explaining to them exactly how their core business is Shariah compliant.

Please can somebody from the team post back here explaining the following:

- Which branch of Islam does each and every Muslim on the board/team of this exchange belong to (Sunni or Shia or anything else and which denomination of those branches) so it will allow investors to know if the people behind the project are in fact Muslim sharing the same interpretation of Qur'an and Hadith as investors or those that claim to be Muslim but have nothing about Islam within them. Which school of thought (Maliki, Hanifi, Sha'fi, Hanbali) does each and every board member and team member that claims to be Muslim actually follow? Or do they follow some other school of thought?

- Would you expect a Sunni Muslim following say for example the teaching of Imam Malik to invest in a project that is operated by your "team" if you are all Mirza Qadiani followers? Please write your reply. What are the "team" doing to make checks that the investment coming in will be from halal sources?

- If your "team" consists of for example Sunni Muslim following the teaching of Imam Abu Hanifa will you accept investment from followers of Mirza Qadiani? Please write your reply. If you accept the investment will your project remain Shariah compliant? What are the "team" doing to make checks that the investment coming in will be from halal sources?

- Why is the "team" having an ICO without making it clear that the project will never be Shariah compliant if the investors are using Haraam money to fund this project? What are the "team" doing to make checks that the investment coming in will be from halal sources? Please explain if accepting money from those sources will make this project anti-Shariah?

- What checks are the "team" making to ensure that those people who advocate harm against the Muslim community and promote Islamophobia are not funding this project? Please explain if accepting money from those sources will make this project anti-Shariah?

I can ask more questions to show you will not be Shariah compliant but please do reply to the above questions and prove me wrong, I will be the first to take my hat of to you and congratulate you.

Please also explain if your Bounty program will be Halal and Shariah compliant, if it will be please explain how? What will make it Halal. Thank you

[Tryam93]

Well well, good thing I saw this and got some advice from a friend who is a Muslim. Most of what is written next is thanks to him so I cannot take credit for it....

Last year Halal Coin came on to the scene making all the right noises but it sank without a trace:

Halal Coin https://www.halal-coin.org/

Will this Halal Exchange go the same way as that Halal Coin?

Any exchange claiming to be Shariah compliant is no more no less Shariah compliant than most other exchanges.

It seems people behind Adab Solutions are trying to corner the Islamic investors market by promoting Shariah as its unique selling point but there is nothing more or less Shariah compliance in its format than that of most exchanges out there.

The process is virtually the same regardless of which non-FIAT exchanges people use and regardless of which FIAT based exchanges are used.

Non-FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet

FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
or
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws cash to his bank account

- Where is the Shariah compliant part in any of the above processes?

- Where is the non-Shariah compliant part in any of the above processes?

Will the OP actually explain which part of the processes of the exchange make it Shariah compliant by being Halal (acceptable practice in Islam, permissible) and which part of the processes of the exchange make it Haraam (not allowed or acceptable in Islam, forbidden)

Until or unless I see the evidence provided by from the "team" behind this exchange, from what I see the people behind this exchange are opportunistic trying to pull in investors from the Muslim community by not explaining to them exactly how their core business is Shariah compliant.

Please can somebody from the team post back here explaining the following:

- Which branch of Islam does each and every Muslim on the board/team of this exchange belong to (Sunni or Shia or anything else and which denomination of those branches) so it will allow investors to know if the people behind the project are in fact Muslim sharing the same interpretation of Qur'an and Hadith as investors or those that claim to be Muslim but have nothing about Islam within them. Which school of thought (Maliki, Hanifi, Sha'fi, Hanbali) does each and every board member and team member that claims to be Muslim actually follow? Or do they follow some other school of thought?

- Would you expect a Sunni Muslim following say for example the teaching of Imam Malik to invest in a project that is operated by your "team" if you are all Mirza Qadiani followers? Please write your reply. What are the "team" doing to make checks that the investment coming in will be from halal sources?

- If your "team" consists of for example Sunni Muslim following the teaching of Imam Abu Hanifa will you accept investment from followers of Mirza Qadiani? Please write your reply. If you accept the investment will your project remain Shariah compliant? What are the "team" doing to make checks that the investment coming in will be from halal sources?

- Why is the "team" having an ICO without making it clear that the project will never be Shariah compliant if the investors are using Haraam money to fund this project? What are the "team" doing to make checks that the investment coming in will be from halal sources? Please explain if accepting money from those sources will make this project anti-Shariah?

- What checks are the "team" making to ensure that those people who advocate harm against the Muslim community and promote Islamophobia are not funding this project? Please explain if accepting money from those sources will make this project anti-Shariah?

I can ask more questions to show you will not be Shariah compliant but please do reply to the above questions and prove me wrong, I will be the first to take my hat of to you and congratulate you.

Please also explain if your Bounty program will be Halal and Shariah compliant, if it will be please explain how? What will make it Halal. Thank you

Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about!

[JollyGood]

Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about!

I would like them to explain in full detail very clearly what they think the words "Halal", "Haraam", "Shariah compliant" and "non-Shariah compliant" mean according them.

I would like them to explain in full detail very clearly what they think makes other exchanges such as Binance, Bittrex, Poloniex, HitBTC and hundreds more either "Halal", "Haraam", "Shariah compliant" or "non-Shariah compliant"

[tor9]

Maybe they are planning to turn this market around! And overshadow the capitalization of both Bitcoin and Ethereum! Ambitious plans of course!

bitcoin and Ethereum will be very hard to overtake,it is almost impossible to do
bitcoin is the standard
Ethereum is the most popular platform for bounty hunters

[sofaflesh]

Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about!

I would like them to explain in full detail very clearly what they think the words "Halal", "Haraam", "Shariah compliant" and "non-Shariah compliant" mean according them.

I would like them to explain in full detail very clearly what they think makes other exchanges such as Binance, Bittrex, Poloniex, HitBTC and hundreds more either "Halal", "Haraam", "Shariah compliant" or "non-Shariah compliant"

Yes, for representatives of other religions it will be very difficult to understand the Sharia law and many other nuances on which this project is built

[Tryam93]

Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about!

I would like them to explain in full detail very clearly what they think the words "Halal", "Haraam", "Shariah compliant" and "non-Shariah compliant" mean according them.

I would like them to explain in full detail very clearly what they think makes other exchanges such as Binance, Bittrex, Poloniex, HitBTC and hundreds more either "Halal", "Haraam", "Shariah compliant" or "non-Shariah compliant"

If you ask such a question, then it is important for Islam. Perhaps the developers will be able to answer your questions. I can't answer you personally.

[Guardsman]

Yes, for representatives of other religions it will be very difficult to understand the Sharia law and many other nuances on which this project is built

I think that these restrictions or features will not affect ordinary users and most will not even notice the differences.

[ZloiRediska]

Maybe they are planning to turn this market around! And overshadow the capitalization of both Bitcoin and Ethereum! Ambitious plans of course!

bitcoin and Ethereum will be very hard to overtake,it is almost impossible to do
bitcoin is the standard
Ethereum is the most popular platform for bounty hunters

In fact, the popularity of cryptocurrency depends on how much it is demanded by users. High demand means high price!

[whitetoo]

Updates on the conferences: First stop-Kuala-Lumpur

https://medium.com/adab-solutions/updates-on-the-conferences-first-stop-kuala-lumpur-cb6b1ed0f563

[Khala]

Of course the situation on the market is very complicated. Investing now is risky. But earning now is also possible and with very good money. The main thing is to choose the right project!

The correct project in any case will give a profit but not a big one, and as a whole the situation is 50 to 50, you can gain a lot or lose a lot

I prefer more constructive strategy of investment. For example, invest money only in truth projects, as ADAB.

I think a better option would be a bit in different projects, such a risk is too big

[whitetoo]

See the ADAB Solutions at the expert ICO rating websites

https://medium.com/adab-solutions/adab-solutions-is-one-of-the-top-rated-icos-6c299cdd2b6a

[assasin21rus]

Although it pleases me, I see real people who present this company. I'm so tired of these Scam companies. I'm afraid to invest my money already. I don't want to get burned. So I want to get to the truth.

You are absolutely right! Before investing your money you need to carefully study the project! Examine possible risks and prospects.

And so I dont see any reasons, why I shouldn`t invest here! So just wait a presale)

What`s are talking about to invest in adab? Because I consider, that investment in 0.5 eth won`t give good results)

Of course they won't, this is some kind of ridiculous amount, but what are the minimum and maximum limits? And is there an ico start date?

[ARTiShock2008]

Of course the situation on the market is very complicated. Investing now is risky. But earning now is also possible and with very good money. The main thing is to choose the right project!

The correct project in any case will give a profit but not a big one, and as a whole the situation is 50 to 50, you can gain a lot or lose a lot

I prefer more constructive strategy of investment. For example, invest money only in truth projects, as ADAB.

I think a better option would be a bit in different projects, such a risk is too big

Wisdom says: you need to store eggs in different baskets! I follow this principle when investing and always give all the best as possible to a greater number of different projects.

[JohnYDillinger]

when I study certain projects, I try to pay attention not only to the product itself, but also to the project team. I'm still studying the ADAB team

[GucciGangClub]

I personally have never participated in Arab ICO,, but on the whole, investors are rather positive about them, it seems to me that ADAB is worth investing.

[TheFirstCreator]

This ICO has a number of features that distinguish it from many others. However,  ways of implementation of this project is not clear to me, it’s too extensive. I’ve better read White Paper.

[Xandan]

They have good scores issued by various ICO raters and one other thing they are not Arabs themselves but of different backgrounds. They are trying to establish this business in United Arab Emirates as exchange and want to bring the conservative society which needs name of belief in order to move towards this future's business on blockchain. Being first of this kind they have high chances to succeed in their mission.

[DonProton]

They have good scores issued by various ICO raters and one other thing they are not Arabs themselves but of different backgrounds. They are trying to establish this business in United Arab Emirates as exchange and want to bring the conservative society which needs name of belief in order to move towards this future's business on blockchain. Being first of this kind they have high chances to succeed in their mission.

I also think that the project has an international development team. But the promotion market they chose the Islamic world. I think such tactics might work!

[DreamerJ]

I noticed that this project starts quite actively discussed in social networks and on the forum. I am not an expert in technical analysis, but according to technical  characteristics it is a promising project.