Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 70. (Read 87070 times)

Today, too, I saw in the announcements of crypto news that a crypto startup from Indonesia is recognized in full compliance with Shariah norms.

Teel me how is it called? I want to compare it with Adab exactly and estimate potential of market in general.
It is a new information for me.

Today I read in the news about one successful crypto project in Indonesia. He was recognized that he is 100% compliant with the norms of Sharia and Islam.

And we really hoped that this individual solved the issues with the team, but apparently not, he will still stand his ground, adab hold

The flood continues

If such an exchange is in the first place, then the market potential will increase significantly

In fact, there are not many Advantages, but they are. For example: the potential of the Sharia market.

Perhaps in the future they will use the token, but there is no information about this yet.

The exchange is not bad, just heard from people, but I still like the concept of adab more like it, much more interesting

And why is it bad that people of other nationalities will accept, because they can violate Sharia law?

Generally speaking it is for muslims, but it is not prohibited for ordinary people to participate in exchange activity, open accounts and so on.
As for me, I am not muslim and I will keep using Binance, Okex

There are a lot of messages in the chat. It is very difficult to read everything and not to miss anything.

Simply, there are people who do not read anything and ask questions that are written in white paper, well, always

I didn’t see any references in the technical document, maybe later, but this is a very small chance

Will the project token be used somehow in the ADAB functionality?

Adab platform is made for the Muslim people, this is its particular nature, if I say something wrong, you can correct me

Yes, in order not to ask a lot of questions, you just need to read the white paper for yourself, and then ask questions that were not understood

Here is what I posted earlier: https://bitcointalksearch.org/topic/m.47019859

There two things to consider....

First thing to consider: If the exchange has started. If the exchange is running as an active business, operating as any other exchange.

In the above scenario if a pimp or prostitute or drug dealer or brewery alcohol manufacturer comes along and opens an account at Adab Haraam exchange then that is one thing. The customer deposits for example Bitcoin, trades it for Litecoin and then again to Ethereum and then withdraws either to a bank with FIAT or to his desktop wallet, that is another thing.

In the posts by representatives of Adab Haraam exchange they have effectively said that: "if you have a business and a customer comes to buy something from you, you do not check their moral standing or ask where they got the money from. You take the money and sell them the item". That is true but this only one issue.



Second thing to consider: If there is no business. If the business does not exist. It is just an idea. (which is what this trio of a team from Kazakhstan have in Adab Haraam exchange)

If there is just a concept, an idea but no real business and you go around inviting people to invest in your business by helping it start up and then create the product with the actual funds received (in this case the ICO) then there is a problem. For example if you have a Shariah business which is printing and publishing Quran (or Bible or another religious book) then you cannot accept money from illegal, illicit and immoral funds.

In this case the purchasing of the print-house building and all equipment and all salaries and everything that eventually results in the Holy scriptures being printed cannot be done using money from illegal, illicit and immoral funds which might include from pimps, prostitutes and drug dealers. In that case a thorough investigation from each investor or prospective investor must be made.

What the Adab Haraam exchange team have said is that they are unable to vet every investor therefore they are not doing anything wrong. These fools think by playing ignorant they can claim it is acceptable because when they "trade" they assume the funds are from acceptable sources. What these fools are avoiding to answer is the ICO funding question because they are a bunch of profit seeking fools who will sell their own morals in order to confuse others.

You should read about the advantages of the future ADAB exchange in the White Paper of the project. There the benefits are 100% described.

Not only Muslims can invest in the project, but at the expense of the flow of people, yes, I agree, you can simply do the verification for everyone