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

[tw1sterQQ]

Maybe at the sales stages, they cannot filter all participants according to their affiliation, but after careful verification they will weed out those people who do not meet Sharia norms and return all invested funds to them. Something like that I observed in some projects that, after holding the fees, sifted out participants from certain countries and returned the money to them! What will you say in this case?

Thank you for your post. I appreciate your comments and views.

Considering the importance of the word "Shariah" added alongside the name of this project, I think they should be extra careful and remain within the boundaries of those rules.

From what I can see they will ask for KYC regardless when seeking ICO individual investors (but not for corporate investors).

What you proposed about the idea of returning funds to investors might work but it is not necessary if because they could easily have an online checklist that the prospective investor would need to complete before even being allowed to participate in the ICO. That should include questions about their employment and salary and make sending a tax return with their KYC mandatory simply because they chose to add the word "Shariah" for this exchange, nobody forced them to.

In the end if the Adab Haraam exchange scammers cannot or will not filter investors then they cannot call themselves "Shariah" compliant. If they continue to do so they are liars. Simple.

I totally agree with you, the team needed to think in advance about the moment they would filter the participants and after that organize a fundraiser! Let's see how they get out of this situation, if all the same plan to develop this project!

In any case, they will find a way out of any situation, and must adhere to their business plan so that in the future there will be no questions

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[m1xmee]

In any project you can believe or not believe. But it will be only your personal opinion. Nobody forbids to express their personal opinions on the forum. But people themselves must decide to trust ADAB project or not.

Everyone believes in their own project, but this does not mean that you need to impose your opinion that the project is bad, or that the team is

[JooBra]

In any project you can believe or not believe. But it will be only your personal opinion. Nobody forbids to express their personal opinions on the forum. But people themselves must decide to trust ADAB project or not.

Everyone believes in their own project, but this does not mean that you need to impose your opinion that the project is bad, or that the team is

People need to stick by the facts, no speak about anyone or any project bad without any good data about it.

[m1xmee]

In any project you can believe or not believe. But it will be only your personal opinion. Nobody forbids to express their personal opinions on the forum. But people themselves must decide to trust ADAB project or not.

Everyone believes in their own project, but this does not mean that you need to impose your opinion that the project is bad, or that the team is

People need to stick by the facts, no speak about anyone or any project bad without any good data about it.

Above, a person proves some weightless factors that the project is a scam, but there is no concrete evidence, the person simply took half of the money from the project, came out of the team and just says nonsense

[NewMedved]

In any project you can believe or not believe. But it will be only your personal opinion. Nobody forbids to express their personal opinions on the forum. But people themselves must decide to trust ADAB project or not.

Everyone believes in their own project, but this does not mean that you need to impose your opinion that the project is bad, or that the team is

People need to stick by the facts, no speak about anyone or any project bad without any good data about it.

I agree, the facts are important

[JollyGood]

Maybe at the sales stages, they cannot filter all participants according to their affiliation, but after careful verification they will weed out those people who do not meet Sharia norms and return all invested funds to them. Something like that I observed in some projects that, after holding the fees, sifted out participants from certain countries and returned the money to them! What will you say in this case?

Thank you for your post. I appreciate your comments and views.

Considering the importance of the word "Shariah" added alongside the name of this project, I think they should be extra careful and remain within the boundaries of those rules.

From what I can see they will ask for KYC regardless when seeking ICO individual investors (but not for corporate investors).

What you proposed about the idea of returning funds to investors might work but it is not necessary if because they could easily have an online checklist that the prospective investor would need to complete before even being allowed to participate in the ICO. That should include questions about their employment and salary and make sending a tax return with their KYC mandatory simply because they chose to add the word "Shariah" for this exchange, nobody forced them to.

In the end if the Adab Haraam exchange scammers cannot or will not filter investors then they cannot call themselves "Shariah" compliant. If they continue to do so they are liars. Simple.

I totally agree with you, the team needed to think in advance about the moment they would filter the participants and after that organize a fundraiser! Let's see how they get out of this situation, if all the same plan to develop this project!

Thank you for the post.

The most important thing to remember is that Adab exchange are scammers and they all have one rule in common: If they lie about one thing they can lie about other things too

These people are not interested in a Shariah compliant exchange, they are willing to take money from anybody. If the moral standing of that person is against the principles of Shariah then they cannot be called Shariah compliant.

They have no intention of changing direction, they want to launch this website with funds from people who may have got them from illegal or immoral or illicit sources.

Shame on Adab Haraam exchange.

[BrieMiller]

Where can I buy an ADAB token, on which crypto-currency exchanges is IT already traded?

[zorgo]

Where can I buy an ADAB token, on which crypto-currency exchanges is IT already traded?

Now the ICO process is underway, tokens are not yet traded on crypto-currency exchanges.

[SmartBounty]

Everyone wants in on crypto, so I’m glad to see projects like this being developed with morals and ethics. I think Islamic world will approve this project.

[1ceStorm]

Everyone wants in on crypto, so I’m glad to see projects like this being developed with morals and ethics. I think Islamic world will approve this project.

I am sure that there will be no problems with the Islamic world, these details are solved before the opening of the project, not after.

[AdamNelson]

It seems to me that true Muslims have little interest in technological developments, perhaps I am wrong. ADAB will succeed.

[NeZoX]

It seems to me that true Muslims have little interest in technological developments, perhaps I am wrong. ADAB will succeed.

Most importantly, it will adjust to the cryptocurrency market, and not work against it. I hope the project team has a strong marketing plan.

[TimurBit]

It seems to me that true Muslims have little interest in technological developments, perhaps I am wrong. ADAB will succeed.

No one will give you exact guarantees about the popularity of ADAB, you should understand that any investment is a conscious risk.

[kmntrci]

From my point of view they have a strong team, well developed roadmap and outstanding idea.
But they should show us better MVP and make some partnersheeps with islamic entities.

Islamic businessmen have always been distinguished by high discipline and a very serious attitude towards business. I hope that this project will not be an exception.

I am participating in an Arab project for the first time, but I heard that most of them are being implemented due to large investments

[pogi23]

It seems to me that true Muslims have little interest in technological developments, perhaps I am wrong. ADAB will succeed.

No one will give you exact guarantees about the popularity of ADAB, you should understand that any investment is a conscious risk.

I try very carefully to choose the coins to invest in, but there are always projects that you either underestimate o haven’t chosen at all..

[Den1ska]

It seems to me that true Muslims have little interest in technological developments, perhaps I am wrong. ADAB will succeed.

No one will give you exact guarantees about the popularity of ADAB, you should understand that any investment is a conscious risk.

Who does not risk and does not invest money in the project, he simply does not understand that no one will give you one hundred percent guarantee that the project will live for a very long time or will be the market leader

[Khala]

From my point of view they have a strong team, well developed roadmap and outstanding idea.
But they should show us better MVP and make some partnersheeps with islamic entities.

Islamic businessmen have always been distinguished by high discipline and a very serious attitude towards business. I hope that this project will not be an exception.

I am participating in an Arab project for the first time, but I heard that most of them are being implemented due to large investments

much depends on the usefulness of the project itself, the investor should see the prospects of the project to increase the price of the token without this perspective, why buy tokens?

[Den1ska]

It seems to me that true Muslims have little interest in technological developments, perhaps I am wrong. ADAB will succeed.

No one will give you exact guarantees about the popularity of ADAB, you should understand that any investment is a conscious risk.

I try very carefully to choose the coins to invest in, but there are always projects that you either underestimate o haven’t chosen at all..

here you need to specifically decide for yourself what you want from the project and study its idea in detail

[evgenii17]

It seems to me that true Muslims have little interest in technological developments, perhaps I am wrong. ADAB will succeed.

No one will give you exact guarantees about the popularity of ADAB, you should understand that any investment is a conscious risk.

I still hope that this project will allow us to earn some profit.

Those who bought tokens should receive income after the project goes to stock exchanges

[JollyGood]

Well, first of all, they have a 90% of bots and airdropers in the community. Second, they invite people without permission in their community channels. They have a bunch of people pumping this thread. And LAST they are not transparent - is that what you call Shariah norms?

I am going to keep posting ... I will try be back at least once to make sure I post on every new page to re-iterate the message this "project" is a scam.

The scammers bots and airdrop seekers keep pumping up the thread just as you stated they are doing it is great that they try to make one line nonsense posts praising the Adab Haraam exchange that just try to start a new page in the thread so to try to make visitors avoid reading the criticism.