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Author Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms  (Read 87022 times)
jonnycorovsky
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October 03, 2018, 08:33:58 AM
 #1281

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.
Very good rating. Many experts appreciated. It is a good indicator https://icobench.com/ico/adab-solutions
Khala
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October 03, 2018, 08:41:07 AM
 #1282

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.
this is correct because even very promising projects could not realize themselves due to small things, I remember about 4-5 exactly
perovsergey24
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October 03, 2018, 08:57:19 AM
 #1283

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.
Ancient wisdom) I adhere to this rule Too. Bitter experience confirmed not once this statement
Hanna_Money
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October 03, 2018, 09:00:10 AM
 #1284

Sometimes little things are the most important criteria. Do not underestimate any questions and points in the development of the project!
Crypton2018
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October 03, 2018, 09:05:58 AM
 #1285

Great article! It is very good that a lot is said and written about the ADAB Crypto Exchange project!
Guardsman
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October 03, 2018, 09:18:59 AM
 #1286

The ADAB exchange can win due to its marketing positioning as the first Islamic exchange. This is a very interesting idea!
saveeege
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October 03, 2018, 09:33:37 AM
 #1287

It seems to me that such projects often leave not enough investment and therefore often promising projects do not collect soft cap. The fact that this is Arabic ICO does not mean that immediately there will be a lot of investors
JollyGood
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October 03, 2018, 09:36:25 AM
Last edit: October 03, 2018, 09:53:28 AM by JollyGood
 #1288

Great article! It is very good that a lot is said and written about the ADAB Crypto Exchange project!

There is nothing great in the article or the Adab Exchange project. It is just a group of people asking for money via an ICO saying it is Shariah compliant but the fact they have no idea where the funding is coming from along with whether that funding was gained by way of illegal activity means this is NOT a Shariah compliant project

What are the specific factors making this project Shariah compliant?

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assasin21rus
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October 03, 2018, 09:40:46 AM
 #1289

The ADAB exchange can win due to its marketing positioning as the first Islamic exchange. This is a very interesting idea!
Is it worth talking only about this aspect of this project? I think there are many important factors in such projects, and also need to talk about them.
Departament11
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October 03, 2018, 09:41:05 AM
 #1290

very good grades of the project actually it pleases Cool
bmw_e46
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October 03, 2018, 09:42:25 AM
 #1291

It seems to me that such projects often leave not enough investment and therefore often promising projects do not collect soft cap. The fact that this is Arabic ICO does not mean that immediately there will be a lot of investors
Well, let's see how it will be in the future, if the project is really normal, it will be ok
Den1ska
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October 03, 2018, 09:45:01 AM
 #1292

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
Invest in it well, I do not argue, in the future it will bring more of its results
XCNP
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October 03, 2018, 09:48:13 AM
 #1293

It is clear marketing is working and hype positive one has started to build with every passing day. They are doing fine on marketing end and its results will be seen when public crowdfunding round goes live. If I am not judging the scenario wrongly it looks like fomo is starting and we will see lot of investment in very early hours.
JohnYDillinger
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October 03, 2018, 09:50:17 AM
 #1294

I have relatively small experience in investing in ICO projects, but unfortunately I trapped to scam projects. They were mostly Russian ICO. I will follow this project to see how it develops..
evgenii17
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October 03, 2018, 09:50:34 AM
 #1295

I appreciated the project very well, I hope all the excuses are
GOSPOD1N
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October 03, 2018, 09:52:48 AM
 #1296

I have relatively small experience in investing in ICO projects, but unfortunately I trapped to scam projects. They were mostly Russian ICO. I will follow this project to see how it develops..
In general, in order to understand the ICO, you need to sort it out, so that later there are no questions
JollyGood
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October 03, 2018, 09:54:45 AM
 #1297

@Adab Team


There is nothing in this ADAB exchange that makes it more or less Shariah compliant than any other exchange out there.

For non Muslim investors this is just another investment opportunity which they will have to investigate before deciding to invest or not.

For Muslims they would like to see evidence of Shariah compliance in this exchange and non-Shariah compliance in other exchanges and that evidence must be provided by the people claiming to be offering the Shariah compliant product in other words Adab Exchange.

I see glossary photos, lots of paid promotions and so on involving what appear to be either non-Muslim people making presentations or those who claim to be Muslim but nobody knows if they are Muslim or not.

1) Why did these Adab people use Islam as their unique selling point to ask for ICO funding when they could simply have created the exact exchange but without trying to say it is Shariah compliant when it clearly cannot be any more or less Shariah compliant or acceptable than Binance, Poloniex and the rest...

2) What are the specific factors making this project Shariah compliant?

3) And which interpretation of Shariah is being applied?

-Is it Sunni? If so which one Hanafi, Maliki, Sha'fi or Hanbali?

-Is it Shia? If so which one Ismaili Shia, Twelver Shia or other?

-Is it Druze if so which denomination?

-Is it Alawites, if so which denomination?

4) Whichever interpretation or version you deem to be the correct one, which of the other denominations and branches of Islam would you (because of your teaching and following) class as either heretics or complete non-believers?

5) Would you accept investment from peoples or groups you deem to be non-believers or heretics? Please explain why

6) Would your project accept ICO funding and private funding from non-Muslim investors?

-If yes, would it remain Shariah compliant if you could not ascertain if that funding came from Haraam income?
-If no, why would you not accept ICO and private funding from non-Muslims?

7) Would your project accept ICO funding and private funding from Muslim investors if you could not ascertain if that funding came from Haraam income?

-If yes, would it remain Shariah compliant if you could not ascertain if that funding came from Haraam income?

Thank you looking forward to your reply

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kmntrci
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October 03, 2018, 09:59:25 AM
 #1298

It is clear marketing is working and hype positive one has started to build with every passing day. They are doing fine on marketing end and its results will be seen when public crowdfunding round goes live. If I am not judging the scenario wrongly it looks like fomo is starting and we will see lot of investment in very early hours.

in fact, hype is really important for the project, but it is not a crucial  factor. I think that ADAB will be able to collect softcap, but I am not sure that the project will be fully implemented.
GucciGangClub
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October 03, 2018, 10:05:30 AM
 #1299

I am familiar with the religious norms of Islam and it is very interesting to me how developers will make their product in compliance  with the norms of Shariah..
pogi23
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October 03, 2018, 10:10:09 AM
 #1300

I have relatively small experience in investing in ICO projects, but unfortunately I trapped to scam projects. They were mostly Russian ICO. I will follow this project to see how it develops..
According to fact about  this project developing, I can say that so far everything is going well and there is no reason to think that this is a scam.
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