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

[Dezlife]

When will I be able to test the platform ADAB? I would love to buy tokens, but first I want to test the product.

Carefully study the project and the team before investing, I think in this thread you will find many arguments not in their favor! But the last choice is always yours!

Every potential investor should understand that any investment is a risk, there are no guarantees.

[JollyGood]

It is nice to get in again at nearly the top of the new page  

Adab Haraam exchange = scam

Just think about it  for a moment. If the Adab Team cannot check the "purity of the source of the money" that investors send, or if the Adab Team cannot check the "moral standing of each investor" then they can continue to create their exchange but they should remove the word "Shariah".

Would you invest in an ICO for a Vegan cake baking company called "Vegan Cakes For All"? Sure why not if it is a good investment?

But if that "Vegan Cakes For All" company was using using cows milk in all of its Sponge Cake products and using pork fat in all of its Carrot Cake products then how can that company called itself "Vegan Cakes For All"? If they want to trade then remove the word "Vegan" and call yourself "Cakes For All" because they are lying and misleading and scamming therefore are thieves.

The moment they drop the word "Vegan" they seize being lying, misleading, scammers and thieves and become a legitimate business.

I hope you like the vegan-shariah analogy  

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.

This project and thread is overrun with fake bounty managers such as 520bit AND whitetoo and Russian ROYALTEAM are using multiple accounts to flood threads to generate fake buzz and hype to impress gullible people and newbies hoping to fool them in to getting involved with the Adab Haraam exchange projects.

hello. I saw your post. I agree with you. If the project doesn't comply with the laws of Shariah, then this is a scam.

For Muslims transparency is very important.

I saw the news that ADAB has collected softcap, but why there is no reference to a smart contract anywhere?

Thank you for your excellent post.

You are very much correct, if the title of the project is "First Islamic Crypto Exchange, based on the Shariah norms" but it does not comply with Shariah, then it is a scam.

You are right, for any religious person following any religion transparency is essential. In this case transparency has been cloaked by Russian bounty scammers 520bit, whitetoo and RoyalTeam using sock-puppet aliases to pump this thread with nonsensical incoherent posts to claim there is hype and buzz but it is all fake. Add to that the OP playing a game of being piggy in the middle instead of the 3 Kazakh team leaders coming here and posting themselves.

Regarding the soft-cap. It is all a mystery. People have been asking for details about the investors of the soft-cap and the smart contract details but the Adab Haraam scammers headed by the 3 Kazakh team leaders are not forthcoming with any information.

[mashutka444]

The project has good potential for development. Great benefits to the community.

[D1jay]

It is nice to get in again at nearly the top of the new page  

Adab Haraam exchange = scam

Just think about it  for a moment. If the Adab Team cannot check the "purity of the source of the money" that investors send, or if the Adab Team cannot check the "moral standing of each investor" then they can continue to create their exchange but they should remove the word "Shariah".

Would you invest in an ICO for a Vegan cake baking company called "Vegan Cakes For All"? Sure why not if it is a good investment?

But if that "Vegan Cakes For All" company was using using cows milk in all of its Sponge Cake products and using pork fat in all of its Carrot Cake products then how can that company called itself "Vegan Cakes For All"? If they want to trade then remove the word "Vegan" and call yourself "Cakes For All" because they are lying and misleading and scamming therefore are thieves.

The moment they drop the word "Vegan" they seize being lying, misleading, scammers and thieves and become a legitimate business.

I hope you like the vegan-shariah analogy  

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.

This project and thread is overrun with fake bounty managers such as 520bit AND whitetoo and Russian ROYALTEAM are using multiple accounts to flood threads to generate fake buzz and hype to impress gullible people and newbies hoping to fool them in to getting involved with the Adab Haraam exchange projects.

hello. I saw your post. I agree with you. If the project doesn't comply with the laws of Shariah, then this is a scam.

For Muslims transparency is very important.

I saw the news that ADAB has collected softcap, but why there is no reference to a smart contract anywhere?

Thank you for your excellent post.

You are very much correct, if the title of the project is "First Islamic Crypto Exchange, based on the Shariah norms" but it does not comply with Shariah, then it is a scam.

You are right, for any religious person following any religion transparency is essential. In this case transparency has been cloaked by Russian bounty scammers 520bit, whitetoo and RoyalTeam using sock-puppet aliases to pump this thread with nonsensical incoherent posts to claim there is hype and buzz but it is all fake. Add to that the OP playing a game of being piggy in the middle instead of the 3 Kazakh team leaders coming here and posting themselves.

Regarding the soft-cap. It is all a mystery. People have been asking for details about the investors of the soft-cap and the smart contract details but the Adab Haraam scammers headed by the 3 Kazakh team leaders are not forthcoming with any information.

Am not in favour of any part but just speaking from general perspective of what i have seen with some ico's, there are some project that don't actually give this information about details of the sales for whatever reason best known to them, and it does not really signify that project as scam because in the end the project still try to deliver.

[Bowtiesarecool]

It is nice to get in again at nearly the top of the new page  

Adab Haraam exchange = scam

Just think about it  for a moment. If the Adab Team cannot check the "purity of the source of the money" that investors send, or if the Adab Team cannot check the "moral standing of each investor" then they can continue to create their exchange but they should remove the word "Shariah".

Would you invest in an ICO for a Vegan cake baking company called "Vegan Cakes For All"? Sure why not if it is a good investment?

But if that "Vegan Cakes For All" company was using using cows milk in all of its Sponge Cake products and using pork fat in all of its Carrot Cake products then how can that company called itself "Vegan Cakes For All"? If they want to trade then remove the word "Vegan" and call yourself "Cakes For All" because they are lying and misleading and scamming therefore are thieves.

The moment they drop the word "Vegan" they seize being lying, misleading, scammers and thieves and become a legitimate business.

I hope you like the vegan-shariah analogy  

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.

This project and thread is overrun with fake bounty managers such as 520bit AND whitetoo and Russian ROYALTEAM are using multiple accounts to flood threads to generate fake buzz and hype to impress gullible people and newbies hoping to fool them in to getting involved with the Adab Haraam exchange projects.

hello. I saw your post. I agree with you. If the project doesn't comply with the laws of Shariah, then this is a scam.

For Muslims transparency is very important.

I saw the news that ADAB has collected softcap, but why there is no reference to a smart contract anywhere?

Thank you for your excellent post.

You are very much correct, if the title of the project is "First Islamic Crypto Exchange, based on the Shariah norms" but it does not comply with Shariah, then it is a scam.

You are right, for any religious person following any religion transparency is essential. In this case transparency has been cloaked by Russian bounty scammers 520bit, whitetoo and RoyalTeam using sock-puppet aliases to pump this thread with nonsensical incoherent posts to claim there is hype and buzz but it is all fake. Add to that the OP playing a game of being piggy in the middle instead of the 3 Kazakh team leaders coming here and posting themselves.

Regarding the soft-cap. It is all a mystery. People have been asking for details about the investors of the soft-cap and the smart contract details but the Adab Haraam scammers headed by the 3 Kazakh team leaders are not forthcoming with any information.

Am not in favour of any part but just speaking from general perspective of what i have seen with some ico's, there are some project that don't actually give this information about details of the sales for whatever reason best known to them, and it does not really signify that project as scam because in the end the project still try to deliver.

You're right. I've seen ICOs protect their sales details. However, when their integrity is not only at stake, but is being openly questioned, the very least they can do is to find some credible and neutral third-party, bind them to an NDA and disclose the information to them. The third-party will in turn assure the community about their claims. If Tether wasn't too big to fall, what makes ADAB any different?

[whitetoo]

You're right. I've seen ICOs protect their sales details. However, when their integrity is not only at stake, but is being openly questioned, the very least they can do is to find some credible and neutral third-party, bind them to an NDA and disclose the information to them. The third-party will in turn assure the community about their claims. If Tether wasn't too big to fall, what makes ADAB any different?

hello. thanks for your post.

We will provide all the evidence! But after the end of the private sale stage.

ps: don't pay attention to JollyGood (liar, flooder and spammer). This is a paid puppet. Look at his posts and make a conclusion. He writes so persistently only in our project. So, its messages are bought by our competitors.


with best regards.

[JollyGood]

Dear BitcoinTalk Community,

WARNING!!

Please not trust Adab Haraam exchange it is a scam

Adab Haraam exchange are working with Russian bounty scammers 520bit, whitetoo and RoyalTeam to flood this thread with sock-puppets.

These fake accounts are used to create hype generators and fake buzz generators to rip-off newbies and gullible investors.




ADAB HARAAM EXCHANGE = SCAM !!

[JollyGood]

When will I be able to test the platform ADAB? I would love to buy tokens, but first I want to test the product.

Carefully study the project and the team before investing, I think in this thread you will find many arguments not in their favor! But the last choice is always yours!

You gave great advice, thank you for your post.

After looking at their $5 cms template which was probably coded 20 years ago, people can see how serious the "project" is...

[JollyGood]

Russian bounty scammers whitetoo and 520bit and RoyalTeam have gone quiet in all their threads.

Until they return here for another rounds of spamming, pumping and attempting to create fake buzz and fake hype, take a look at this trashy sheet:

https://docs.google.com/spreadsheets/d/1YbqiRebLMVPe5_qnURtog0eQBtJzvtmtvQ2Z8njEi4M/edit#gid=2130562689


Nothing Shariah or Halal about the Adab Haraam exchange scammers

[whitetoo]

‘Halal Coins Only’: First Islamic Crypto Exchange to be Launched in 2019

https://cointelegraph.com/news/halal-coins-only-first-islamic-crypto-exchange-to-be-launched-in-2019

[JollyGood]

I don't think it is scam, they have open profiles in Linked in, they operate according to shariah norms and they are legit at all.
Today they have a lot of contests in telegram and they are giving out ethereum as well!

DUDE! for real? do you think having an open account will change anything? Following your words, everyone who has no idea in religion can Make an ICO and collect money for own goods. They will never say where did they collect fiat money, They will never show you the smart contract (Just because it is freaking wallet), They sell tokens with 150% bonus, OMG come on!

DO you really think it is the legit project?

Sadly this Kazakh trio and their Russian bounty manager scammers whitetoo, 520bit, RoyalTeam and all their aliases that pump threads and try to generate fake buzz and fake hype using sock-puppets are pathetic liars.

Nothing Halal and Shariah about this Adab Haraam exchange scam.

[voron777voron]

It is nice to get in again at nearly the top of the new page  

Adab Haraam exchange = scam

Just think about it  for a moment. If the Adab Team cannot check the "purity of the source of the money" that investors send, or if the Adab Team cannot check the "moral standing of each investor" then they can continue to create their exchange but they should remove the word "Shariah".

Would you invest in an ICO for a Vegan cake baking company called "Vegan Cakes For All"? Sure why not if it is a good investment?

But if that "Vegan Cakes For All" company was using using cows milk in all of its Sponge Cake products and using pork fat in all of its Carrot Cake products then how can that company called itself "Vegan Cakes For All"? If they want to trade then remove the word "Vegan" and call yourself "Cakes For All" because they are lying and misleading and scamming therefore are thieves.

The moment they drop the word "Vegan" they seize being lying, misleading, scammers and thieves and become a legitimate business.

I hope you like the vegan-shariah analogy  

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.

This project and thread is overrun with fake bounty managers such as 520bit AND whitetoo and Russian ROYALTEAM are using multiple accounts to flood threads to generate fake buzz and hype to impress gullible people and newbies hoping to fool them in to getting involved with the Adab Haraam exchange projects.

hello. I saw your post. I agree with you. If the project doesn't comply with the laws of Shariah, then this is a scam.

For Muslims transparency is very important.

I saw the news that ADAB has collected softcap, but why there is no reference to a smart contract anywhere?

Thank you for your excellent post.

You are very much correct, if the title of the project is "First Islamic Crypto Exchange, based on the Shariah norms" but it does not comply with Shariah, then it is a scam.

You are right, for any religious person following any religion transparency is essential. In this case transparency has been cloaked by Russian bounty scammers 520bit, whitetoo and RoyalTeam using sock-puppet aliases to pump this thread with nonsensical incoherent posts to claim there is hype and buzz but it is all fake. Add to that the OP playing a game of being piggy in the middle instead of the 3 Kazakh team leaders coming here and posting themselves.

Regarding the soft-cap. It is all a mystery. People have been asking for details about the investors of the soft-cap and the smart contract details but the Adab Haraam scammers headed by the 3 Kazakh team leaders are not forthcoming with any information.

I have an interesting fact about this project. I want to discuss with you. look at your private messages.

[whitetoo]

Everyone has said this is a real and undeniable scam. Almost all posts say this project is a scam.

Everyone? hmm... 1 stupid guy. As I already said he is a paid puppet. Look at his posts and make a conclusion. He writes so persistently only in our project. So, its messages are bought by our competitors.

if you are an intelligent, educated person, then just ask all your questions. I will answer. The project must be studied! And don't believe good or bad reviews.

[whitetoo]

take a look at this trashy sheet:

https://docs.google.com/spreadsheets/d/1YbqiRebLMVPe5_qnURtog0eQBtJzvtmtvQ2Z8njEi4M/edit#gid=2130562689

you really don't have the mind. Buy yourself a mouse. And learn to use the roller.

and more, read on the Internet about the Google sheets and find out that the sheet can be sorted.

[JollyGood]

@whitetoo


It has been over 72 hours (3 days) since I asked the questions. I got replies for the 3 questions directed at you, I appreciate that.

I know they must be busy but is there any update on the 6 questions for the team? Any estimated time they will take to answer?






Q1: You refer to Adab Solutions as "we". You wrote earlier "We are developing a beta version and submit it in January. Just wait and see everything. It will certainly differ significantly from the MVP." What is your position and what is your work within Adab Solutions? You answered several posts highlighting Shariah so are you Muslim? Do you follow Shariah?

Q2: The 3 Team members that the owners from Kazakhstan - what is their full religious denomination? If Sunni which branch? If Shia' which branch? If anything else, which branch?

Q3: The multiple aliases flooding this thread - who is the owner and what gain is in it for the flooders?

Q4: Why did the Team decide to register in Umm Al Quwain rather than Dubai or Abu Dhabi? Why choose UAE over their native Kazakhstan or Uzbekistan?

Q5: Will any/all investors that participate in the ICO have to send ID for KYC/AML? If so, why?

Q6: KYC is a sensitive issue for many. If the exchange is active and users sign-up and send KYC ID then which precautions are taken to ensure the ID will not be misused?

Q7: Both Md Mofassair Hossain and Kazi Sohel Alom have been removed from the whitepaper and the Team section of the website. What were real full reasons for their removal?

Q8: At present there is no exchange, the business is just a company on paper. Adab Solutions are seeking investment. At the ICO and pre-ICO stage they are unable to fully vet investors therefore they might be getting people sending in funds from illicit, illegal and immoral sources such as prostitution.

If KYC is being done at ICO an pre-ICO stage then why not ask specifically for an annual tax return and letter of employment with salaries stated? Add to that the checking of all available information about the investor such as FB, Twitter, Insta etc to check to see if they are being honest. This might make investment slightly harder by putting investors off but it will filter out those people that should never invest in a Shariah project.

If any project is a standard non-Shariah project then there would be no need to take extra precaution. If a project is based around Shariah then extra precautions must be taken.

Please note, the question is specifically about ICO and pre-ICO stage investment when there is no live business or working product (it is not about anybody using services a live exchange provides). I have read what Maxat Salypn wrote in a generic sense but I need to ask for a specific reply: https://bitcointalk.org/index.php?topic=4720775.msg46790691#msg46790691

Q9: Please explain fully why you lied and said I took money from you and said that that I worked for you and was fired by you.

A very respected man - Maxat Salpyn asked me to answer you.

I think there are all the answers. And you will change the view that I and the ADAB team are scammers.

and I hope all the same that common sense will win and you will understand that these accounts are not mine! go to any thread and see. Everywhere many people write many times! And what do you want to say? are my accounts too? haha... drivel...


Q2: The 3 Team members that the owners from Kazakhstan - what is their full religious denomination? If Sunni which branch? If Shia' which branch? If anything else, which branch?

All three Kazakh members of the project are Muslims and belong to Hanafi (Sunni) school of thoughts as the majority of Kazakh people.

As for the Shariah Advisory Board of FICE, I would like to mention that the Islamic finance industry is heavily dependent on religious scholars for validation of its products and services. Each Islamic financial institution has a Shariah board to validate its operation. The scholars in our Shariah Board will represent different schools of thought within the Sunni sect of Islam. Sunnis are in majority and they follow one of the four schools of thought of Sunny Islam. The differences among them are very minor. Furthermore, a scholar who may otherwise belong to a particular school of though does refer to the opinion of the past or present scholars of a different school of thought in making a decision on the validity of a product or service.


Q4: Why did the Team decide to register in Umm Al Quwain rather than Dubai or Abu Dhabi? Why choose UAE over their native Kazakhstan or Uzbekistan?

We have registered in Umm Al Quwain, because that was an easiest and fastest way for that time to get license and resister company. Now we are considering to move to ADGM or DIFC, as we want to have well regulated jurisdiction. Early next year UAE plans to introduce comprehensive regulation on ICOs an blockchain. FICE by itself is under the process of registration in the UK, which has safe and transparent regulation for the crypto exchange and well as confidence all over the world.

Q5: Will any/all investors that participate in the ICO have to send ID for KYC/AML? If so, why?
Investor doesn’t need to send ID for KYC to participate in the ICO.

Q6: KYC is a sensitive issue for many. If the exchange is active and users sign-up and send KYC ID then which precautions are taken to ensure the ID will not be misused?

We guarantee that the data of our customers will be used only as intended. Data security will be provided at the highest level with the partnership with the best company in the world.

Q7: Both Md Mofassair Hossain and Kazi Sohel Alom have been removed from the whitepaper and the Team section of the website. What were real full reasons for their removal?

 Md Mofassair Hossain and Kazi Sohel Alom were an integral part of our company for the last several months. Their contributions will always be valued and remembered. Their hard work, commitment, and dedication are worthy of admiration. We are discussing their future career objectives and, anyway, we wish them the best of luck.


Q8: At present there is no exchange, the business is just a company on paper. Adab Solutions are seeking investment. At the ICO and pre-ICO stage they are unable to fully vet investors therefore they might be getting people sending in funds from illicit, illegal and immoral sources such as prostitution.

You are not right in this sentence. ADAB Solutions is already known globally and has a recognized brand name.  We already in the process of developing and registering the FICE. MVP is ready and our team of Development team is hardly working on the technical side of the FICE and Alfa version of FICE will be presented in January and final Beta version in February. We already developed Shariah screening procedures of the FICE and in a few days will present Shariah conclusion on ADAB token by Mufti Faraz Adam.

What an annoying little scammer you are.

This nonsense is supposed to show a Shariah compliant project? It is not Shariah.

Using Russian sock-puppet bounty scammers to pump threads to try to impress people in to investing is scamming !

[muarip]

Everyone has said this is a real and undeniable scam. Almost all posts say this project is a scam.

Everyone? hmm... 1 stupid guy. As I already said he is a paid puppet. Look at his posts and make a conclusion. He writes so persistently only in our project. So, its messages are bought by our competitors.

if you are an intelligent, educated person, then just ask all your questions. I will answer. The project must be studied! And don't believe good or bad reviews.

If you are a smart person, hopefully it will be useful for your intelligence and you don't need to say anything rude to me because of your own intelligence.

[JollyGood]

Everyone has said this is a real and undeniable scam. Almost all posts say this project is a scam.

Everyone? hmm... 1 stupid guy. As I already said he is a paid puppet. Look at his posts and make a conclusion. He writes so persistently only in our project. So, its messages are bought by our competitors.

if you are an intelligent, educated person, then just ask all your questions. I will answer. The project must be studied! And don't believe good or bad reviews.

If you are a smart person, hopefully it will be useful for your intelligence and you don't need to say anything rude to me because of your own intelligence.

The OP is a rude, aggressive fool who does not know how to communicate in a professional manner with people.

The OP is Russian, he is using an account he scammed from the original owner called whitetoo and uses another login called 520bit which he also scammed.

He is in cahoots with Russian RoyalTeam and all their aliases which claim to be bounty managers.

What they do is flood threads for two main reasons. One is to impress the project owners in order to receive more 'bounty'. The other is to generate fake buzz and fake hype using their sock-puppet accounts to pump threads with ridiculous incoherent messages. They also use their sock-puppets to attack anybody asking questions about their projects and those that disagree with them.

In the case of some other projects they are not bounty managers but actively use their sock-puppets fake accounts to promote projects with propaganda because they are either hiding that they are owners or they have some deal with the owners (coinsbit)

[QueenOfCrypto]

In mid september I had raised some serious doubt on the legitimacy of this project, I see that my suspicions have been most likely confirmed. Red flags everywhere.

[gartmah]

Updates on the conferences: Third stop — Ho Chi Minh
The Vietnam Blockchain Hub was held in September 24–25 at the Riverside Place, Ho Chi Minh city. Our leaders visited this event and shared inspiring ideas and values of ADAB Solutions project and also shaped the future of the capital markets. https://medium.com/adab-solutions/updates-on-the-conferences-third-stop-ho-chi-minh-cf2495252ed2

[JollyGood]

In mid september I had raised some serious doubt on the legitimacy of this project, I see that my suspicions have been most likely confirmed.

Red flags everywhere.

Thank you for your post.

This is a very dangerous project they are using religion (or should I say misusing religion) to try to sell something that is not true.

Adab Haraam exchange are scammers because the Kazakh trio behind this team do not follow Shariah. They use immature Russian bounty manager scammers who in turn use sock-puppets to pump up the thread in order to give the impression there is activity but in reality there is fake buzz and fake hype.