Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 145. (Read 87052 times)

People choose ICO projects in different ways.The country of origin of the project for some people is an important factor in the selection. For a Muslim, this can be a determining factor.

Any project has its own share of luck, how things will go, but you need to understand what the team will decide in the future

how i can participate in this contests and get good reward?

No project can provide a guaranteed profit. Muslims should decide for themselves how to make money without violating Shariah norms.

I think it's better to choose a project that can bring people something useful and innovative that people will need

Of course, they need to make sure that the business they are doing is not harmful to the regglia.

When I choose a project, I personally pay attention to such details as the country of development, and since ADAB is developed by Arabs, religion in this case has a special context

As far as I understood correctly, in many Arab countries crypt was banned, but now Arab projects began to appear gradually. So it may seems that they change this opinion

So Basically this is how you answer the question and provide proves? We are all seeking the truth here, don't make it worse.

We are your community and we ask simple questions here, which you can not answer.
1. Why do you have so many airdrops and almost none real investors in your chat?
2. Why can't you show your smart contract publically?
3. Why is you Github so bad?
4. When can we expect another MVP update? Because you can not call it MVP, it looks like lending with coinmarketcap API, but not an exchange prototype.
5. If you receive "cash" to reach the soft cap, can you provide the source of this cash?

I invested some, personally, it is my second ICO and I want to know the truth.

I am not islamic as well, but I know a lot about finance and believe me, this is what market needs, thanks to adab, more muslims will come into market and it will cause bull run!

You can not understand what the rules of Islam if you are not a Muslim. But if you want to invest in this project all carefully check.

Explain to me the essence of the conflict? As a person who does not profess Islam, it’s very difficult for me to understand special Islamic terms.

Show me the proofs!!!

You registered 2 months ago and now you are trying to draw any conclusions? haha
You understand that you are a NEWBIE and if you want someone to pay attention to you, then you must show REAL evidence!

Otherwise, pass by! No one is interested in your NEWBIE opinion WITHOUT PROOFS!

So funny how these nonsense users with almost no history at all come along in this thread and post one liners that make no sense just to drown out voices that disagree or expose Adab Haraam exchnage because they are scammers. As you pointed out the bots and money seeking airdrop folk are trying to pump this thread but I cannot reply to most of them as I have them on IGNORE 

A person simply has no more to do, so he spends his time here, writes out very long posts, only from this sense and not at all, I like everything in the service

JollyGood, are you muslim?
Seems like you waste a lot of time posting here , I think you have enough expertise to do it.
What for you doing it if according to your own words non-muslims can use islamic services?

Dear Sir thank you for the reply. Thank you for raising some of the issues commented on but I have no offence regarding the ICO.


Thank you for your interpretation. Please elaborate where this stance is promoted: chapter and verse of Quran or Hadith

The onus is on the one seeking investment to ensure that the individual providing investment has passed all necessary checks that can be cross referenced to confirm that no illegal or immoral way was implemented or carried out to source that wealth. If the one seeking investment cannot or will not carry out correct vetting procedure then he should refrain from accepting or asking investment from those sources.

Your comment on the default assumption is truly tragic. If you believe in accepting funding from people or organisations that could be involved with illegal or immoral funding on the basis that KYC is enough and further investigation is not necessary (on that basis alone because it is "apparent") - is very sad and very misguided.


Again I must thank you for your interpretation. Please elaborate where this stance is promoted: chapter and verse of Quran or Hadith

I have not even made any comment at all about the "trading" or "investing" part of the activities post-ICO of the exchange other than if it is using income and investment from sources that cannot be vetted then it cannot be called Shariah compliant. Even if an exchange will investment its funds in a Halal manner the fact that those funds have or could have come from illegal or immoral sources means the Halal investments cannot be separated from the Haraam sources. A lack of willingness or even minimal attempts to make appropriate checks will not be enough justification The impression you give is that you just want investment without worrying about the root of the sources beyond KYC.


Thank you for your interpretation but it seems out of context. There are two different issues going on here.

The first is that there are a lot of people who potentially could invest in a business that currently does not exist. That business is looking for funding via the ICO to raise money to start its business. You have might carry out KYC but there is no way (it is impossible) to vet them and their sources of income. You have no idea whether the person or company participating in the ICO is involved with: 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 mediacursing Muslims and those that have anti-Muslim agenda.

If any funding for the ICO is received from illegal or immoral earnings then to call it Shariah compliant or Halal is an insult to anybody and everybody with an atoms worth if intelligence.

Second, if any funding for the ICO is received from illegal or immoral earnings then the every transaction taken by the exchange after launch is affected. To call it Shariah compliant or Halal is an insult to anybody and everybody with an atoms worth if intelligence.

Your comment about giving income from money to charity if you find out it is from Haraam sources is correct but out of context. In this case, you will receive thousands of US$ in the form of crypto to fund your project. "If" you discover that a pimp or drug dealer invested $10,000 USD in the ICO, exactly how will give his $10,000 to charity or return his portion of profit along with your portion of the profit to charity when there is nothing in the TOS to support this? And when your pre-launch checks should nullify this potential issue but you choose not to investigate sources of income along with KYC.


Thank you for raising the issues but I have no offence regarding it. I never once mentioned non-Muslims cannot or should not use an Islamic service. Islamic services are open to all.


I fail to see how the above comment can deflect the facts. On your Board of Advisors you have made inappropriate choices: You have a non-Muslim (Gaurav Areng Chakraverti) who is advising a Muslim organisation on how to remain Shariah compliant during the ICO process? Absolutely shocking. Do you have any idea how bad that sounds? A non-Muslim advising Muslims on a Shariah product!

On the same Board of Advisors you have someone with a Muslim name (Mohammed/Muhammad) but he shortens it to "Md" and is listed as Md Mofassair Hossain. He did this knowing the significance of the name. Somewhat insulting and condescending to the very people "Md" is hired to use his PR on. Having said that he failed in his role as a PR and marketing advisor because the "Md" part is all that will be remembered about him.

Your comment quoting Hadith are out of context again. You seem to pick and choose the elements of any quote you want and use it in a manner to suit your agenda. I never used the word "Kafir" and never stated any Muslim was non-Muslim. If you imply that your advisor Gaurav Areng Chakraverti is a Muslim then I will ask for some form of evidence before I will apologise but we both know that I was correct in citing a non-Muslim as a non-Muslim.

As far your quotations of scriptures are concerned I have nothing more to add but it would help investors associate with your service or disassociate with it if they were told about the Muslims behind this project. I did not receive an answer from you so maybe you will reply: https://bitcointalksearch.org/topic/m.46457645

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



Best regards to you too. Thank you for your comments but they have further strengthened the view that if anything, if this project goes live it would just be a crypto exchange and definitely not Shariah compliant Halal exchange. Listed above are several prime examples showing exactly why this project is not Shariah compliant. Thank you.

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.

think that they have their softcap from big investors and funds, not from community

I really want funds to be verified.
Although I believe to this team in general and idea is outstanding, but in this market everybody lies everyday and it is harder to believe someone