pogi23
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Activity: 266
Merit: 10
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October 13, 2018, 06:34:53 AM |
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Investments in ICO have always been associated with risk. The cryptocurrency market has been falling for a long time. Make a profit quickly will not work now. People need to analyze everything and then make a decision.
For many, cryptocurrency market looks very promising. It is indeed more volatile of others, but the risks are even greater. |
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minttop
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Activity: 574
Merit: 10
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October 13, 2018, 06:44:23 AM |
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I saw a great contest in telegram group yesterday, it was awesome! Are you going to launch more contests soon? Will be glad to take part
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daly896
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Activity: 434
Merit: 10
BITWIN
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October 13, 2018, 06:56:00 AM |
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When are you going to present MVP or can you share a link if you have MVP? I am looking for projects with ready product and MVP is important for me
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trobbert
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Activity: 462
Merit: 10
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October 13, 2018, 07:12:09 AM |
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It seems like they have MVP, it should be on a web page, but I am not sure about quality, I've never faced islamic exchanges, so I don't know best practise.
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Xandan
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October 13, 2018, 07:21:58 AM |
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Few minutes ago it was tweeted about article, that listing only halal products will be allowed on FICE. I have read it with interest to see more with critical point of view because this is exchange what they are going to build and more than 90% projects don't meet up to this criteria. Somehow they are in prohibited list but the question is who is going to see losses. Those projects are listed and will have no effect for not being listed on FICE but it is the exchange which will be facing difficulties. This recent step made me wonder how and with who they will do businesses to make it profitable and successful.
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Freddy63
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Activity: 434
Merit: 10
SESSIA
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October 13, 2018, 07:27:38 AM |
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What I like most about Adab exchange is that they are concentrated on United Arab Emirated, look, just all of their entities will cooperate with UAE, it is their target audience!
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nerttor
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Activity: 364
Merit: 10
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October 13, 2018, 07:28:13 AM |
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The main players in the cryptocurrency market are Christian countries, countries where Buddhism is practiced. Muslim countries should also have the opportunity to participate in this area.
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dommerty
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Activity: 280
Merit: 10
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October 13, 2018, 07:38:42 AM |
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Few minutes ago it was tweeted about article, that listing only halal products will be allowed on FICE. I have read it with interest to see more with critical point of view because this is exchange what they are going to build and more than 90% projects don't meet up to this criteria. Somehow they are in prohibited list but the question is who is going to see losses. Those projects are listed and will have no effect for not being listed on FICE but it is the exchange which will be facing difficulties. This recent step made me wonder how and with who they will do businesses to make it profitable and successful.
According to CEO words they are going to operate with halal product and don't take money, don't make financial transactions with haram products or people involved in haram activity. But I also want more clarification on this point |
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nerttor
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Activity: 364
Merit: 10
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October 13, 2018, 07:50:21 AM |
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The ability to choose a project is important for investors. If ADAB is primarily a project for Muslims then people from rich Arab countries could invest their money profitably.
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Genrix
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Merit: 10
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October 13, 2018, 08:00:22 AM |
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What do you think about non muslims access to exchange? Is it allowed?
It seems to me that there is a risk in such case that those people won't be qualified for halal rules, isn't it?
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dommerty
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Activity: 280
Merit: 10
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October 13, 2018, 08:14:57 AM |
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Well what can I say, we will wait for the growth of the market, soon it should happen, it's all just around the corner
Many experts and analysts agree that we have already tried the "bottom of the crypto market" and now we will grow upwards. I really want to hope so. i hope for rebounce of this market, because just all of my investments are in a big loss. I don't know another way to compensate losses, only market bull run, hope it will happen soon |
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kkerrex
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Activity: 322
Merit: 10
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October 13, 2018, 08:37:33 AM |
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Hey guys, any updates about your MVP?
I am looking forward seeing it, it is important for me, I want to try it and then decide invest or not
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Freddy63
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Activity: 434
Merit: 10
SESSIA
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October 13, 2018, 08:54:25 AM |
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What if entity brakes shariah norms ? Will it lead to sanctions or something like that?
I am not muslim and it is difficult for me to understand these rules
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drrekkty
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Activity: 462
Merit: 10
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October 13, 2018, 09:11:44 AM |
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I am not sure, but they have a strict list of rules and also CEO has answered, that non-muslims are allowed to trade on exchange, so it is not prohibited
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Guardsman
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October 13, 2018, 09:16:00 AM |
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I am not sure, but they have a strict list of rules and also CEO has answered, that non-muslims are allowed to trade on exchange, so it is not prohibited
I have never met such information anywhere that this exchange is only for Islamic. I think that absolutely everyone will be able to trade there. Like any other exchange. |
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drrekkty
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Activity: 462
Merit: 10
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October 13, 2018, 09:29:15 AM |
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I am not sure, but they have a strict list of rules and also CEO has answered, that non-muslims are allowed to trade on exchange, so it is not prohibited
I have never met such information anywhere that this exchange is only for Islamic. I think that absolutely everyone will be able to trade there. Like any other exchange. Year, but mainly they are concentrated on islamics, because some rules should be followed in order to let islamics use exchange. You know, they are crazy about religion and they need proper exchange |
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ZloiRediska
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Merit: 22
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October 13, 2018, 09:30:12 AM |
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What if entity brakes shariah norms ? Will it lead to sanctions or something like that?
I am not muslim and it is difficult for me to understand these rules
I understand that in Islam there is a very strict framework regarding the origin of money. Therefore, in this project there are a number of nuances that are clear and relevant only for people who preach Islam. |
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JollyGood
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Activity: 2576
Merit: 1737
Top Crypto Casino
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October 13, 2018, 09:36:19 AM |
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What do you think about non muslims access to exchange? Is it allowed?
It seems to me that there is a risk in such case that those people won't be qualified for halal rules, isn't it?
This is a scam project because they are selling their project and the ICO on the foundations of calling it Shariah compliant when this whole project cannot be Halal or Shariah compliant. This is not Muslim, Halal or Shariah compliant project. This is a project run by a team, some of who claim to be Muslim and some are not. The "team" are saying this is a Shariah compliant exchange without explaining which interpretation of Islam they follow. Because they have no vetting system in place to ensure investors buy in to the ICO with Halal/permissible money, it means (by default) they are willing to take investment from the following and more: pimps
prostitutes
porn actors
those currently behind bars in prison serving prison sentences
those that sell drugs/narcotics
those that manufacture, test and sell weapons
those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda
those that own, transport or sells alcohol |
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trobbert
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Activity: 462
Merit: 10
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October 13, 2018, 10:00:47 AM |
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I don't think that founders should be blamed that some of them aren't muslims. Probably they have experience in islamic banking or know crypto best practices.
Not all the team members should be muslims
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Kopetunto
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Activity: 630
Merit: 10
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October 13, 2018, 10:01:50 AM |
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I am not sure, but they have a strict list of rules and also CEO has answered, that non-muslims are allowed to trade on exchange, so it is not prohibited
it is very good if besides Muslims can join in adab, this is only a project that takes the concept of Islamic banking, and anyone can join, no word is prohibited in an ICO, but there are some countries that are prohibited, because the regulator there does not allow |
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