https://medium.com/adab-solutions/updates-on-the-conferences-first-stop-kuala-lumpur-cb6b1ed0f563
Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 172. (Read 87067 times)
October 03, 2018, 01:37:04 AM
Updates on the conferences: First stop-Kuala-Lumpur
https://medium.com/adab-solutions/updates-on-the-conferences-first-stop-kuala-lumpur-cb6b1ed0f563
https://medium.com/adab-solutions/updates-on-the-conferences-first-stop-kuala-lumpur-cb6b1ed0f563
October 03, 2018, 01:32:15 AM
Maybe they are planning to turn this market around! And overshadow the capitalization of both Bitcoin and Ethereum! Ambitious plans of course!
bitcoin and Ethereum will be very hard to overtake,it is almost impossible to dobitcoin is the standard
Ethereum is the most popular platform for bounty hunters
October 03, 2018, 01:15:17 AM
Yes, for representatives of other religions it will be very difficult to understand the Sharia law and many other nuances on which this project is built
I think that these restrictions or features will not affect ordinary users and most will not even notice the differences. 
October 03, 2018, 12:51:32 AM
Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about!
I would like them to explain in full detail very clearly what they think the words "Halal", "Haraam", "Shariah compliant" and "non-Shariah compliant" mean according them.
I would like them to explain in full detail very clearly what they think makes other exchanges such as Binance, Bittrex, Poloniex, HitBTC and hundreds more either "Halal", "Haraam", "Shariah compliant" or "non-Shariah compliant"
October 02, 2018, 11:05:34 PM
Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about!
I would like them to explain in full detail very clearly what they think the words "Halal", "Haraam", "Shariah compliant" and "non-Shariah compliant" mean according them.
I would like them to explain in full detail very clearly what they think makes other exchanges such as Binance, Bittrex, Poloniex, HitBTC and hundreds more either "Halal", "Haraam", "Shariah compliant" or "non-Shariah compliant"
October 02, 2018, 10:38:31 PM
Maybe they are planning to turn this market around! And overshadow the capitalization of both Bitcoin and Ethereum! Ambitious plans of course!
bitcoin and Ethereum will be very hard to overtake,it is almost impossible to dobitcoin is the standard
Ethereum is the most popular platform for bounty hunters
October 02, 2018, 03:00:41 PM
Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about!
I would like them to explain in full detail very clearly what they think the words "Halal", "Haraam", "Shariah compliant" and "non-Shariah compliant" mean according them.
I would like them to explain in full detail very clearly what they think makes other exchanges such as Binance, Bittrex, Poloniex, HitBTC and hundreds more either "Halal", "Haraam", "Shariah compliant" or "non-Shariah compliant"
October 02, 2018, 02:56:16 PM
Well well, good thing I saw this and got some advice from a friend who is a Muslim. Most of what is written next is thanks to him so I cannot take credit for it....
Last year Halal Coin came on to the scene making all the right noises but it sank without a trace:
Halal Coin https://www.halal-coin.org/
Will this Halal Exchange go the same way as that Halal Coin?
Any exchange claiming to be Shariah compliant is no more no less Shariah compliant than most other exchanges.
It seems people behind Adab Solutions are trying to corner the Islamic investors market by promoting Shariah as its unique selling point but there is nothing more or less Shariah compliance in its format than that of most exchanges out there.
The process is virtually the same regardless of which non-FIAT exchanges people use and regardless of which FIAT based exchanges are used.
Non-FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
or
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws cash to his bank account
- Where is the Shariah compliant part in any of the above processes?
- Where is the non-Shariah compliant part in any of the above processes?
Will the OP actually explain which part of the processes of the exchange make it Shariah compliant by being Halal (acceptable practice in Islam, permissible) and which part of the processes of the exchange make it Haraam (not allowed or acceptable in Islam, forbidden)
Until or unless I see the evidence provided by from the "team" behind this exchange, from what I see the people behind this exchange are opportunistic trying to pull in investors from the Muslim community by not explaining to them exactly how their core business is Shariah compliant.
Please can somebody from the team post back here explaining the following:
- Which branch of Islam does each and every Muslim on the board/team of this exchange belong to (Sunni or Shia or anything else and which denomination of those branches) so it will allow investors to know if the people behind the project are in fact Muslim sharing the same interpretation of Qur'an and Hadith as investors or those that claim to be Muslim but have nothing about Islam within them. Which school of thought (Maliki, Hanifi, Sha'fi, Hanbali) does each and every board member and team member that claims to be Muslim actually follow? Or do they follow some other school of thought?
- Would you expect a Sunni Muslim following say for example the teaching of Imam Malik to invest in a project that is operated by your "team" if you are all Mirza Qadiani followers? Please write your reply. What are the "team" doing to make checks that the investment coming in will be from halal sources?
- If your "team" consists of for example Sunni Muslim following the teaching of Imam Abu Hanifa will you accept investment from followers of Mirza Qadiani? Please write your reply. If you accept the investment will your project remain Shariah compliant? What are the "team" doing to make checks that the investment coming in will be from halal sources?
- Why is the "team" having an ICO without making it clear that the project will never be Shariah compliant if the investors are using Haraam money to fund this project? What are the "team" doing to make checks that the investment coming in will be from halal sources? Please explain if accepting money from those sources will make this project anti-Shariah?
- What checks are the "team" making to ensure that those people who advocate harm against the Muslim community and promote Islamophobia are not funding this project? Please explain if accepting money from those sources will make this project anti-Shariah?
I can ask more questions to show you will not be Shariah compliant but please do reply to the above questions and prove me wrong, I will be the first to take my hat of to you and congratulate you.
Please also explain if your Bounty program will be Halal and Shariah compliant, if it will be please explain how? What will make it Halal. Thank you
Not entirely clear what you want to say! You mean the fraud team? I just don't know what you're talking about! Last year Halal Coin came on to the scene making all the right noises but it sank without a trace:
Halal Coin https://www.halal-coin.org/
Will this Halal Exchange go the same way as that Halal Coin?
Any exchange claiming to be Shariah compliant is no more no less Shariah compliant than most other exchanges.
It seems people behind Adab Solutions are trying to corner the Islamic investors market by promoting Shariah as its unique selling point but there is nothing more or less Shariah compliance in its format than that of most exchanges out there.
The process is virtually the same regardless of which non-FIAT exchanges people use and regardless of which FIAT based exchanges are used.
Non-FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
or
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws cash to his bank account
- Where is the Shariah compliant part in any of the above processes?
- Where is the non-Shariah compliant part in any of the above processes?
Will the OP actually explain which part of the processes of the exchange make it Shariah compliant by being Halal (acceptable practice in Islam, permissible) and which part of the processes of the exchange make it Haraam (not allowed or acceptable in Islam, forbidden)
Until or unless I see the evidence provided by from the "team" behind this exchange, from what I see the people behind this exchange are opportunistic trying to pull in investors from the Muslim community by not explaining to them exactly how their core business is Shariah compliant.
Please can somebody from the team post back here explaining the following:
- Which branch of Islam does each and every Muslim on the board/team of this exchange belong to (Sunni or Shia or anything else and which denomination of those branches) so it will allow investors to know if the people behind the project are in fact Muslim sharing the same interpretation of Qur'an and Hadith as investors or those that claim to be Muslim but have nothing about Islam within them. Which school of thought (Maliki, Hanifi, Sha'fi, Hanbali) does each and every board member and team member that claims to be Muslim actually follow? Or do they follow some other school of thought?
- Would you expect a Sunni Muslim following say for example the teaching of Imam Malik to invest in a project that is operated by your "team" if you are all Mirza Qadiani followers? Please write your reply. What are the "team" doing to make checks that the investment coming in will be from halal sources?
- If your "team" consists of for example Sunni Muslim following the teaching of Imam Abu Hanifa will you accept investment from followers of Mirza Qadiani? Please write your reply. If you accept the investment will your project remain Shariah compliant? What are the "team" doing to make checks that the investment coming in will be from halal sources?
- Why is the "team" having an ICO without making it clear that the project will never be Shariah compliant if the investors are using Haraam money to fund this project? What are the "team" doing to make checks that the investment coming in will be from halal sources? Please explain if accepting money from those sources will make this project anti-Shariah?
- What checks are the "team" making to ensure that those people who advocate harm against the Muslim community and promote Islamophobia are not funding this project? Please explain if accepting money from those sources will make this project anti-Shariah?
I can ask more questions to show you will not be Shariah compliant but please do reply to the above questions and prove me wrong, I will be the first to take my hat of to you and congratulate you.
Please also explain if your Bounty program will be Halal and Shariah compliant, if it will be please explain how? What will make it Halal. Thank you
October 02, 2018, 02:27:10 PM
Well well, good thing I saw this and got some advice from a friend who is a Muslim. Most of what is written next is thanks to him so I cannot take credit for it....
Last year Halal Coin came on to the scene making all the right noises but it sank without a trace:
Halal Coin https://www.halal-coin.org/
Will this Halal Exchange go the same way as that Halal Coin?
Any exchange claiming to be Shariah compliant is no more no less Shariah compliant than most other exchanges.
It seems people behind Adab Solutions are trying to corner the Islamic investors market by promoting Shariah as its unique selling point but there is nothing more or less Shariah compliance in its format than that of most exchanges out there.
The process is virtually the same regardless of which non-FIAT exchanges people use and regardless of which FIAT based exchanges are used.
Non-FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
or
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws cash to his bank account
- Where is the Shariah compliant part in any of the above processes?
- Where is the non-Shariah compliant part in any of the above processes?
Will the OP actually explain which part of the processes of the exchange make it Shariah compliant by being Halal (acceptable practice in Islam, permissible) and which part of the processes of the exchange make it Haraam (not allowed or acceptable in Islam, forbidden)
Until or unless I see the evidence provided by from the "team" behind this exchange, from what I see the people behind this exchange are opportunistic trying to pull in investors from the Muslim community by not explaining to them exactly how their core business is Shariah compliant.
Please can somebody from the team post back here explaining the following:
- Which branch of Islam does each and every Muslim on the board/team of this exchange belong to (Sunni or Shia or anything else and which denomination of those branches) so it will allow investors to know if the people behind the project are in fact Muslim sharing the same interpretation of Qur'an and Hadith as investors or those that claim to be Muslim but have nothing about Islam within them. Which school of thought (Maliki, Hanifi, Sha'fi, Hanbali) does each and every board member and team member that claims to be Muslim actually follow? Or do they follow some other school of thought?
- Would you expect a Sunni Muslim following say for example the teaching of Imam Malik to invest in a project that is operated by your "team" if you are all Mirza Qadiani followers? Please write your reply. What are the "team" doing to make checks that the investment coming in will be from halal sources?
- If your "team" consists of for example Sunni Muslim following the teaching of Imam Abu Hanifa will you accept investment from followers of Mirza Qadiani? Please write your reply. If you accept the investment will your project remain Shariah compliant? What are the "team" doing to make checks that the investment coming in will be from halal sources?
- Why is the "team" having an ICO without making it clear that the project will never be Shariah compliant if the investors are using Haraam money to fund this project? What are the "team" doing to make checks that the investment coming in will be from halal sources? Please explain if accepting money from those sources will make this project anti-Shariah?
- What checks are the "team" making to ensure that those people who advocate harm against the Muslim community and promote Islamophobia are not funding this project? Please explain if accepting money from those sources will make this project anti-Shariah?
I can ask more questions to show you will not be Shariah compliant but please do reply to the above questions and prove me wrong, I will be the first to take my hat of to you and congratulate you.
Please also explain if your Bounty program will be Halal and Shariah compliant, if it will be please explain how? What will make it Halal. Thank you
Last year Halal Coin came on to the scene making all the right noises but it sank without a trace:
Halal Coin https://www.halal-coin.org/
Will this Halal Exchange go the same way as that Halal Coin?
Any exchange claiming to be Shariah compliant is no more no less Shariah compliant than most other exchanges.
It seems people behind Adab Solutions are trying to corner the Islamic investors market by promoting Shariah as its unique selling point but there is nothing more or less Shariah compliance in its format than that of most exchanges out there.
The process is virtually the same regardless of which non-FIAT exchanges people use and regardless of which FIAT based exchanges are used.
Non-FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
FIAT exchange:
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws to his desktop/mobile wallet
or
Customer sends crypto to the exchange and then converts to other crypto, buys/sells and withdraws cash to his bank account
- Where is the Shariah compliant part in any of the above processes?
- Where is the non-Shariah compliant part in any of the above processes?
Will the OP actually explain which part of the processes of the exchange make it Shariah compliant by being Halal (acceptable practice in Islam, permissible) and which part of the processes of the exchange make it Haraam (not allowed or acceptable in Islam, forbidden)
Until or unless I see the evidence provided by from the "team" behind this exchange, from what I see the people behind this exchange are opportunistic trying to pull in investors from the Muslim community by not explaining to them exactly how their core business is Shariah compliant.
Please can somebody from the team post back here explaining the following:
- Which branch of Islam does each and every Muslim on the board/team of this exchange belong to (Sunni or Shia or anything else and which denomination of those branches) so it will allow investors to know if the people behind the project are in fact Muslim sharing the same interpretation of Qur'an and Hadith as investors or those that claim to be Muslim but have nothing about Islam within them. Which school of thought (Maliki, Hanifi, Sha'fi, Hanbali) does each and every board member and team member that claims to be Muslim actually follow? Or do they follow some other school of thought?
- Would you expect a Sunni Muslim following say for example the teaching of Imam Malik to invest in a project that is operated by your "team" if you are all Mirza Qadiani followers? Please write your reply. What are the "team" doing to make checks that the investment coming in will be from halal sources?
- If your "team" consists of for example Sunni Muslim following the teaching of Imam Abu Hanifa will you accept investment from followers of Mirza Qadiani? Please write your reply. If you accept the investment will your project remain Shariah compliant? What are the "team" doing to make checks that the investment coming in will be from halal sources?
- Why is the "team" having an ICO without making it clear that the project will never be Shariah compliant if the investors are using Haraam money to fund this project? What are the "team" doing to make checks that the investment coming in will be from halal sources? Please explain if accepting money from those sources will make this project anti-Shariah?
- What checks are the "team" making to ensure that those people who advocate harm against the Muslim community and promote Islamophobia are not funding this project? Please explain if accepting money from those sources will make this project anti-Shariah?
I can ask more questions to show you will not be Shariah compliant but please do reply to the above questions and prove me wrong, I will be the first to take my hat of to you and congratulate you.
Please also explain if your Bounty program will be Halal and Shariah compliant, if it will be please explain how? What will make it Halal. Thank you
October 02, 2018, 02:24:23 PM
Although it pleases me, I see real people who present this company. I'm so tired of these Scam companies. I'm afraid to invest my money already. I don't want to get burned. So I want to get to the truth.
You are absolutely right! Before investing your money you need to carefully study the project! Examine possible risks and prospects. October 02, 2018, 02:23:19 PM
I've read your posts and understand that this exchange will probably get a lot of publicity. I understand you have a bounty company? Could you give me a link to the thread, I'm on the first page is not found.
I haven`t looked for any information about bounty program, but I believe that it must be! Because this project absolutely should to give a bounty October 02, 2018, 02:20:51 PM
Although it pleases me, I see real people who present this company. I'm so tired of these Scam companies. I'm afraid to invest my money already. I don't want to get burned. So I want to get to the truth.
You are absolutely right! Before investing your money you need to carefully study the project! Examine possible risks and prospects. October 02, 2018, 02:19:09 PM
Although it pleases me, I see real people who present this company. I'm so tired of these Scam companies. I'm afraid to invest my money already. I don't want to get burned. So I want to get to the truth.
You are absolutely right! Before investing your money you need to carefully study the project! Examine possible risks and prospects. October 02, 2018, 02:17:08 PM
I'm part of a bounty company and I want to tell you that you should have no doubt about this company. Even if you do not know the location of the physical office, this does not mean that this project will not take place. Although doubts and fear I have present.
Means it is necessary that the authorities invested in this cryptocurrency, then the price will only grow))
October 02, 2018, 02:14:51 PM
I'm part of a bounty company and I want to tell you that you should have no doubt about this company. Even if you do not know the location of the physical office, this does not mean that this project will not take place. Although doubts and fear I have present.
Means it is necessary that the authorities invested in this cryptocurrency, then the price will only grow))
October 02, 2018, 02:10:52 PM
Of course the situation on the market is very complicated. Investing now is risky. But earning now is also possible and with very good money. The main thing is to choose the right project!
But we all know that it’s not worth waiting for stability from the cryptocurrency market, it’s a flexible system October 02, 2018, 02:06:57 PM
Of course the situation on the market is very complicated. Investing now is risky. But earning now is also possible and with very good money. The main thing is to choose the right project!
But we all know that it’s not worth waiting for stability from the cryptocurrency market, it’s a flexible system October 02, 2018, 02:05:50 PM
Of course the situation on the market is very complicated. Investing now is risky. But earning now is also possible and with very good money. The main thing is to choose the right project!
The correct project in any case will give a profit but not a big one, and as a whole the situation is 50 to 50, you can gain a lot or lose a lot October 02, 2018, 02:05:02 PM
Of course the situation on the market is very complicated. Investing now is risky. But earning now is also possible and with very good money. The main thing is to choose the right project!
But we all know that it’s not worth waiting for stability from the cryptocurrency market, it’s a flexible system October 02, 2018, 02:03:54 PM
If there was no permission from Islam to introduce crypto currency, then about any launch of crypto projects in the Emirates could not be a speech!
You say about banal things. Everyone knows about it. But it's good that Islam in criptocurrencyJump to: