[ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 205.

Asmh85

jr. member

Activity: 182

Merit: 2

Quote from: Landak on September 07, 2018, 03:50:47 PM

Quote from: hesham51 on September 07, 2018, 01:24:07 PM

Quote from: Landak on September 07, 2018, 11:47:11 AM

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

OK understand, it seems very legit after read that article (got some knowledge) but there is still has some problem that is about decentralized if ADAB can keep the price stable like USDT,DAI or XRP i guess ADAB will be the best ever project in this years. talking about the Shariah norms its mean that you will use centralized system, right? I got the words from https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
Islamic financial principles:
· Government, as a regulating and controlling Board
if you seriously can realization that point to becomes a reality, I will really like it. it means this project is not just using the word shariah norm. very interesting project, i will keep focus my eyes to this project. Shocked

I guess the government should be involved to monitor activities to eliminate any potential of shady activities and manipulation, the government that give jurisdiction to the exchange should protect their citizens and others not to caught up in shady money grabbing companies.

hesham51

member

Activity: 504

Merit: 16

Quote from: Asmh85 on September 07, 2018, 02:19:47 PM

Quote from: hesham51 on September 07, 2018, 08:45:46 AM

Quote from: traveler007 on September 06, 2018, 07:39:56 PM

You postponed tokens sale? Accrding your twitter post token sale must had starts at 5th September. But now start sales in 40 days on your website?

we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.
You are still able to participate in closed presale.

It's just dawn on me, the private presale is still open and you have just postponed the presale and ICO,am I right?

Yes, You are still able to participate in private presale: https://ico.adabsolutions.com/user/register

Landak

hero member

Activity: 1386

Merit: 503

Quote from: hesham51 on September 07, 2018, 01:24:07 PM

Quote from: Landak on September 07, 2018, 11:47:11 AM

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

OK understand, it seems very legit after read that article (got some knowledge) but there is still has some problem that is about decentralized if ADAB can keep the price stable like USDT,DAI or XRP i guess ADAB will be the best ever project in this years. talking about the Shariah norms its mean that you will use centralized system, right? I got the words from https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
Islamic financial principles:
· Government, as a regulating and controlling Board
if you seriously can realization that point to becomes a reality, I will really like it. it means this project is not just using the word shariah norm. very interesting project, i will keep focus my eyes to this project. Shocked

vavan37

full member

Activity: 283

Merit: 100

The company plan regarding the upcoming token sale are fair, reasonable and transparent, as stated before, is already a profitable business with huge popularity across the worldwide market due to its innovative stragies, business solutions.

Asmh85

jr. member

Activity: 182

Merit: 2

Quote from: hesham51 on September 07, 2018, 08:45:46 AM

Quote from: traveler007 on September 06, 2018, 07:39:56 PM

You postponed tokens sale? Accrding your twitter post token sale must had starts at 5th September. But now start sales in 40 days on your website?

we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.
You are still able to participate in closed presale.

It's just dawn on me, the private presale is still open and you have just postponed the presale and ICO,am I right?

hesham51

member

Activity: 504

Merit: 16

Quote from: Landak on September 07, 2018, 11:47:11 AM

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

Landak

hero member

Activity: 1386

Merit: 503

As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks

hesham51

member

Activity: 504

Merit: 16

Quote from: vip555 on September 07, 2018, 03:43:22 AM

where will the collected funds be directed?

All the raised funds during the ICO stages will be allocated in accordance with the cost structure.
More data in the below article
https://medium.com/@adabsolutions/stage-4-of-the-roadmap-in-the-process-959a76136ed6

hesham51

member

Activity: 504

Merit: 16

ADAB Solutions` strategic moves: the token burning process

An increasing demand for ADAB tokens, with an increase in the amount and the integration of additional services, will lead to an increase in the cumulative transactions within the FICE, which ... Read more

hesham51

member

Activity: 504

Merit: 16

Quote from: traveler007 on September 06, 2018, 07:39:56 PM

You postponed tokens sale? Accrding your twitter post token sale must had starts at 5th September. But now start sales in 40 days on your website?

we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.
You are still able to participate in closed presale.

patrickSmith

newbie

Activity: 41

Merit: 0

Quote from: vip555 on September 07, 2018, 06:09:29 AM

what is your projected trading volume on your stock exchange?

The release of First Islamic Crypto Exchange is forecasted for a daily trading volume of about $ 146 million and a monthly turnover of $ 4.4 billion $ during the first one and a half years of operation of the exchange.

vip555

newbie

Activity: 21

Merit: 0

what is your projected trading volume on your stock exchange?

patrickSmith

newbie

Activity: 41

Merit: 0

Quote from: vip555 on September 07, 2018, 03:43:22 AM

where will the collected funds be directed?

• Islamic crediting system ADAB Solutions implements the possibility of users purchasing ADAB tokens within the framework of ICO.

• The purpose of the ICO is to raise funds for the development and scaling of the Islamic crypto-exchange (First Islamic Crypto Exchange) and to provide access to ADAB Solutions products to a wide range of users.

vip555

newbie

Activity: 21

Merit: 0

where will the collected funds be directed?

traveler007

member

Activity: 840

Merit: 10

ZooomEx- a new cryptocurrency exchange!

You postponed tokens sale? Accrding your twitter post token sale must had starts at 5th September. But now start sales in 40 days on your website?

hesham51

member

Activity: 504

Merit: 16

Quote from: thinkme1st on September 06, 2018, 04:36:15 PM

The concept of the project is excellent and needed one. I am curious how you will implement things according to Sharia Laws. Wishing you good luck with the ICO and development of the exchange platform.

The concept of opening up new exchanges that allow new retail investors into the space. Especially in regions where its currently difficult to get into the market.We believe this project will contribute not only to Muslim communities, but to the rest of the world, by following the principles of moral and socially acceptable behavior stated in Islamic finance laws. this will be more adoption of cryptocurrency in the market. We are working pretty hard to achieve our goals and make this project work.

hesham51

member

Activity: 504

Merit: 16

Quote from: ibiznes on September 06, 2018, 03:59:18 PM

I found the concept very innovative and one that will revolutionary as it opens up an enormous business opportunity.

ADAB project will inhale fresh blood which is very necessary for this industry in general on ICO market, ADAB will enable the Islamic financial tools to all people in cryptomarket.

thinkme1st

member

Activity: 532

Merit: 10

The concept of the project is excellent and needed one. I am curious how you will implement things according to Sharia Laws. Wishing you good luck with the ICO and development of the exchange platform.

ibiznes

copper member

Activity: 98

Merit: 0

I found the concept very innovative and one that will revolutionary as it opens up an enormous business opportunity.

hesham51

member

Activity: 504

Merit: 16

Quote from: Asmh85 on September 06, 2018, 02:52:52 PM

Quote from: hesham51 on September 06, 2018, 01:47:34 PM

Quote from: Asmh85 on September 06, 2018, 12:51:56 PM

With the increasing growth of Islam fobia in the world, how do you convince investors to join ICO?

ADAB Solutions is promoting the principles of Islamic finance to the crypto-economy. Islamic finance is known globally with its integration of ethical and moral values within its operations. Existence of ethical businesses in the society is essential and has potential to eliminate the social evils of the society. Also Islamic finance has extra levels of supervision compared to the conventional finance.

Ethics everywhere people go, but the problem of Islamic finance will be critical and annoying for any. Project regardless the hates and what people respectives.

As the international Islamic financial market continues to grow and draw interest from non-Islamic countries, the Islamic financial services industry’s total worth has reached USD1.9 trillion in 2016.In addition the international Monetary Fund (IMF) estimates that Islamic finance provides opportunity for many IMF member contries to strength financial intermediation, increase the level of financial inclusion,and attract investment for sustainable econmic development.

http://www.imf.org/external/themes/islamicfinance/
https://blogs.imf.org/tag/islamic-finance/
https://blogs.imf.org/2017/02/21/islamic-banking-proposals-get-imf-approval/

Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 205. (Read 87052 times)