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

[adabsolutions]

Adab — New level of Cooperation.
Read more: https://medium.com/@adabsolutions/adab-new-level-of-cooperation-b18365aa9a01

[adabsolutions]

Dear ADAB Solution Community!
We are happy to inform you about near completion of private sales. The final private sales date is March 8th!
Read more: https://medium.com/adab-solutions/dear-adab-solution-community-ebf88d2e3d74

[adabsolutions]

4 days left until the end of the presale!

We are pleased to announce that private sales will be completed on March 8!

The smart contract will be published on March 8th!

https://medium.com/@adabsolutions/4-days-left-until-the-end-of-the-presale-e07232979fec

[adabsolutions]

When will the tokens be issued?

Tokens will be issued after the end ICO.

[adabsolutions]

We are grateful to you for your support and are pleased to announce that the presale will be successfully completed on March 8🎉.

Sales of tokens at the stage of presale exceeded $ 4 million and we expect excellent results at the stage of crowdsale.

Read more: https://medium.com/@adabsolutions/dear-adab-solutions-community-members-%EF%B8%8F-24879375e008

[adabsolutions]

1 day left before pre-sale ends!

We are very thankful for your support and pleased to inform you that this stage of sales has been successfully conducted. March 8th is the last day of pre-sale.


https://medium.com/@adabsolutions/1-day-left-before-pre-sale-ends-bde8b3da9e92

[Furious 7]

How you will protect that the finance you receive is Halal not from crime or ilharaam
Because your theme is sharia, while sharia itself must be free from everything that is haraam. I am afraid when Muslims whose faith is weak will be affected by ADAB.

ADAB Soutions, this is a rare project, as this is the world's first cryptocurrency exchange operating in accordance with the principles of Islamic Finance and opens the possibility for the crypto market to gain access to the Islamic world. Our mission is to give an opportunity for each and every human being in the world to experience all the pros of dealing with the cryptocurrencies. We want people to see that, cryptocurrencies can be safe, honest and reliable. ADAB Solutions` business operations are Sharia compliant, meaning that we can guarantee the ethical and appropriate ways of doing business.
ADAB Solutions cannot accept investments from or financially transact with someone whose wealth is completely, or predominantly, haram. Where there is a problem is when the funds received from the ICO are from criminal or immoral proceeds regardless of which religion the investor is, or the lack of investigating where source of the funds was from. If it is predominantly halal, then financial transaction, borrowing, accepting gifts, etc. would be permissible. If one is unsure, then the default assumption is that most of their wealth is lawful. ADAB Solutions doing KYC and AML on their investors and cannot investigate deep into the wealth of investor, but rather the basis is what is apparent. Adab Team cannot check the "moral standing of each investor”.
If the Majority of the profit the company makes is from a halal activity and you are not directly involved in the smaller haram aspect of it, then you ought to assume that your income is from the halal, and you won't be culpable. If you find out that part of received money from haram sources best to give it to charity because you can't do anything else with it. But you shouldn’t expect any reward for giving it to charity.
and Allah ta'ala knows best.

Best regards,
Maxat Salpyn,
Deputy-CEO on Islamic finance,
ADAB Solutions

Thank you for your explanation, as we know trading is still a pro-contra thing in some ulama in the world that justifies and forbids, and the opinion of which cleric you have followed because this is sharia-based then there must be an argument

I am among those who are still doubtful about the law of trading. In my opinion tarading is like gambling and full of speculation. Trade in Islam requires an agreement between the seller and the buyer and both do not feel disadvantaged.
how does adab provide a solution about this?

[adabsolutions]

How you will protect that the finance you receive is Halal not from crime or ilharaam
Because your theme is sharia, while sharia itself must be free from everything that is haraam. I am afraid when Muslims whose faith is weak will be affected by ADAB.

ADAB Soutions, this is a rare project, as this is the world's first cryptocurrency exchange operating in accordance with the principles of Islamic Finance and opens the possibility for the crypto market to gain access to the Islamic world. Our mission is to give an opportunity for each and every human being in the world to experience all the pros of dealing with the cryptocurrencies. We want people to see that, cryptocurrencies can be safe, honest and reliable. ADAB Solutions` business operations are Sharia compliant, meaning that we can guarantee the ethical and appropriate ways of doing business.
ADAB Solutions cannot accept investments from or financially transact with someone whose wealth is completely, or predominantly, haram. Where there is a problem is when the funds received from the ICO are from criminal or immoral proceeds regardless of which religion the investor is, or the lack of investigating where source of the funds was from. If it is predominantly halal, then financial transaction, borrowing, accepting gifts, etc. would be permissible. If one is unsure, then the default assumption is that most of their wealth is lawful. ADAB Solutions doing KYC and AML on their investors and cannot investigate deep into the wealth of investor, but rather the basis is what is apparent. Adab Team cannot check the "moral standing of each investor”.
If the Majority of the profit the company makes is from a halal activity and you are not directly involved in the smaller haram aspect of it, then you ought to assume that your income is from the halal, and you won't be culpable. If you find out that part of received money from haram sources best to give it to charity because you can't do anything else with it. But you shouldn’t expect any reward for giving it to charity.
and Allah ta'ala knows best.

Best regards,
Maxat Salpyn,
Deputy-CEO on Islamic finance,
ADAB Solutions

Thank you for your explanation, as we know trading is still a pro-contra thing in some ulama in the world that justifies and forbids, and the opinion of which cleric you have followed because this is sharia-based then there must be an argument

I am among those who are still doubtful about the law of trading. In my opinion tarading is like gambling and full of speculation. Trade in Islam requires an agreement between the seller and the buyer and both do not feel disadvantaged.
how does adab provide a solution about this?

Ibn Taymiyyah states that there is no authentic evidence in the Shariah that requires the prohibition of every risk; in fact, it is known that Allah Almighty and His Messenger did not prohibit every risk nor everything of uncertain gain or loss or delivery. There is no authentic Shariah evidence that requires the prohibition of all these types; neither a text nor an analogy. What is prohibited of these types is that which involves acquiring the property of others illegitimately. The Shariah’s reason for prohibiting [a transaction] is the illegitimate acquisition of others’ property, and it is prohibited to acquire others’ property illegitimately even in the absence of risk.

Risk, in and of itself, is not prohibited. In fact, the presence of risk is a fundamental element to profit from a venture. The Islamic legal maxims state: “[The right to] profit [from something] goes with responsibility [for   it]”. Another maxim states: “Liability is an obligation accompanying gain” (al-Kasani, 1986)
 
Investing in high risk investments such as shares in a Shariah compliant start-up company cannot be deemed impermissible even though there is exposure to high risk. The volatility of such an investment will not impact the inherent compliance of the assets and transaction. Undeniably, trading, investments and gambling are all regarded as speculative risks. However, there are clear differences between gambling, trade and investments which highlight the difference in risk. Trading and investing are positive-sum games whilst gambling is a zero-sum game. Positive-sum games are where the parties gain together or lose together. In a partnership, partners mutually gain or mutually lose if the venture fails. In zero-sum games, one party gains at the expense of another. Considering cryptocurrency transactions, cryptocurrencies are  exchanged for a counter-exchange where both parties anticipate gain from their acquired asset. It is never guaranteed that one party will surely lose. Thus, such transactions are positive-sum games as both transacting parties anticipate gain. Therefore, cryptocurrency exchanges cannot be likened to Maysir and Qimar (gambling) due to the inherent difference between positive-sum and zero-sum games.

[adabsolutions]

Dear ADAB Solutions community!
Our company has gained invaluable experience in recent months, we are well prepared to do everything right, now we know better what we want, how to benefit people and the entire crypto market.

Read more: https://medium.com/@adabsolutions/dear-adab-solutions-community-fbd74f319294

[annazaitun87]

Your concept is quite interesting, but how you will provide a trust to users who do not understand the concept of sharia

[adabsolutions]

Your concept is quite interesting, but how you will provide a trust to users who do not understand the concept of sharia

One of the biggest ADAB Solutions' advantages is the 100% of the population which obviously leads to active participation. Although, active participation on the exchange will lead to dramatic grow of the ADAB tokens price.

For those people who do not understand concepts of Islamic Finance, we can offer a safeness of their money. ADAB Solutions guarantees to payback funds of the investors in case of force-major. Moreover, if purchased tokens rapidly or dramatically fall in its liquidity, ADAB Solutions guarantees to buyback all tokens from their holders by its initial estimated price of $ 0.10 per 1 ADAB Token.

[annazaitun87]

Your concept is quite interesting, but how you will provide a trust to users who do not understand the concept of sharia

One of the biggest ADAB Solutions' advantages is the 100% of the population which obviously leads to active participation. Although, active participation on the exchange will lead to dramatic grow of the ADAB tokens price.

For those people who do not understand concepts of Islamic Finance, we can offer a safeness of their money. ADAB Solutions guarantees to payback funds of the investors in case of force-major. Moreover, if purchased tokens rapidly or dramatically fall in its liquidity, ADAB Solutions guarantees to buyback all tokens from their holders by its initial estimated price of $ 0.10 per 1 ADAB Token.

Why do you dare to buy back where you will get funds to do it and in what price range you will do it

[adabsolutions]

Your concept is quite interesting, but how you will provide a trust to users who do not understand the concept of sharia

One of the biggest ADAB Solutions' advantages is the 100% of the population which obviously leads to active participation. Although, active participation on the exchange will lead to dramatic grow of the ADAB tokens price.

For those people who do not understand concepts of Islamic Finance, we can offer a safeness of their money. ADAB Solutions guarantees to payback funds of the investors in case of force-major. Moreover, if purchased tokens rapidly or dramatically fall in its liquidity, ADAB Solutions guarantees to buyback all tokens from their holders by its initial estimated price of $ 0.10 per 1 ADAB Token.

Why do you dare to buy back where you will get funds to do it and in what price range you will do it

Our model of token economics: a limited number of tokens are emitted which are payment instruments in the Adab and FICE ecosystem, then every month 10% of the company's profits are sent to buy tokens, and they are burned, that is, destroyed. Thus, the number of users gradually increases, the turnover and the need for tokens increase, and their number is reduced. There is a deflation of the token, that is, its value increases. To prevent the token from falling, the company will buy it out at market value, but not lower than the nominal price of $ 0.1.

[adabsolutions]

Interview with CEO of ADAB Solutions, 1st part:
https://medium.com/adab-solutions/interview

[adabsolutions]

Features of the exchange, operating in accordance with the norms of Islamic finance.

Read more: features-of-the-exchange

[adabsolutions]

The concept of the exchange funds (reserves) management

Read more: https://is.gd/vkLoXq

[adabsolutions]

Interview with CEO ADAB Solutions, part 2.
Read more: https://is.gd/oXLJ0r

[adabsolutions]

The ability for investors to freely buy and sell security tokens becomes more important day-by-day.

Read more: https://is.gd/nyFo4z

[adabsolutions]

ADAB Charity.

Read more: https://is.gd/4eLgZ2

[adabsolutions]

Why did we choose the Islamic Finance work model.

Read more: https://is.gd/oxTN8m