Topic: [ANN][NEW!!!] ADAB - First Islamic Crypto Exchange, based on the Shariah norms (Read 2035 times)

Not true at all. All the scammers say the same thing to deflect attention away.

No matter what they say they have no excuses for not paying their bounty participants who displayed scam Adab Solution signatures and avatars for 9 months.

They have no excuse to fool people by saying they were a religious project but they clearly were happy to accept funding from pimps, prostitutes and drug dealers.

they said that you extorted money from them, but they did not pay you, and after that you started to slander them, tell me is it true?

https://bitcointalksearch.org/topic/m.51796757

This is where the best place is to divert your posts because they will be deleted from here

they must be judged they lured out documents fraudulently such creatures should be punished

Your message will be deleted by these Adab Solution scammers. They are exposed fraudsters that only wanted money by using religion as an excuse to fool investors.

you delete any questions about the reward, you are fraudsters and do not want to pay bounty, you must be banned in this forum

all the participants of the bounty companies received their reward?

Your message will be deleted from this censored thread because the scammers want to silence any voices that question them.

Sadly you are mistaken, the people behind this project are not religious and they do not follow any religion or shariah.

coming days are you sure now july , you bring my religion islam to this project but you always lie about distribution bounty and I Got banned because I ask when start distribution ??

1. registration on https://ficemarket.com/
2. Press the “Deposit” button
3. Select the Ethereum cryptocurrency and press the “deposit” button
4. In the appearing window, copy «ETH Deposit adress»
5. Proceed to https://faucet.ropsten.be/ - this is Ethereum's test network
6. In the "Enter your testnet account address" field, paste the previously copied "ETH Deposit adress" and click the "Send me test Ether" button and the test Ethereum will be sent to your wallet on the FICE exchange
7. When test Ethereum is received, you can try to trade them on the FICE exchange.

If during the passage of paragraph 6 you received an error message, then try again after 10 minutes.

ADAB already trade on Bit-Z and BitForex exchanges. The reward for the bounty will be distributed in the coming days.

When ? the IEO has been pretty long over but the trade hasn't opened yet, and what about the bounty? Will it be distributed in the near future?

Adab token will be trade on Bit-M, Bit-Z, BitForex exchanges.

finally the good news from ADAB appears, will it also be shared for the bounty?
this will definitely be fun, and also where will ADAB will be traded?

It is interesting to observe how the Islamic world introduces High Technologies.  It is very gratifying that all all people will come into contact in that which unites them.  I hope that this project will be perfect thanks to a clear religious statement.

Post your report in Bounty thread:
https://bitcointalksearch.org/topic/ieoextra-bounty-adab-solutions-soft-cap-reached-5133048
Don't spam here....

Week 1
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I know this project like almost a year ago and until today the project tokensale is not completed yet, how is the progress? Is there any reason to extend or delay the tokensale because i think the idea is beautiful enough to get the interest from many investors.

Muslims – represent the big number of  developing countries with a great potential for economic growth and the richest countries in the world, such as, the United Arab Emirates, Saudi Arabia, Kuwait, Brunei, Bahrain, Turkey, Oman, Malaysia and other countries.

The majority of over 1.8 billion Muslims have serious Shariah restrictions that regulate their lives, including all aspects of financial relations.

Islamic banks and financial organizations  is the fastest growing sector of the global  finance. With more than 3 trillion dollars capitalization and annual growth rate of 12%.


Cryptocurrencies market in this sector is underdeveloped due to ambiguous attitudes towards them in some Muslim countries and an obvious ban because of religious reasons. However, the situation is changing rapidly and more interest has been shown.

For a better and faster development of this market, it is necessary for exchanges to operate in accordance with the principles of Islamic finance. Existing exchanges getting certificates of Shariah compliance, but they do not deal with cryptocurrency issues from the Islamic finance point of view.


First Islamic crypto exchange - (FICE) is the only crypto-exchange in the world that has its own Sharia Advisory Board consisting of prominent Islamic leaders, who monitor the compliance of exchange operations with the principles of Islamic finance. This builds a trust to the project in an Islamic environment all around the world.


FICE Exchange is not just complied with the rules of Islamic finance, it also actively promotes cryptocurrency, creates the ecosystem necessary for Muslims - the relevant information portal (ADABCRYPTO), a charitable foundation (ADAB CHARITY), Donate money to charity and creates a platform for launching Halal (corresponding to Islamic finance) cryptocurrency projects (ADAB PROJECT).


FICE develops new markets for cryptocurrencies, involves new users regardless of religion and views, thereby giving a rise to cryptocurrency capitalization, which is very important for ICO participants, providing an opportunity to make good money on perspective project.

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.

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

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.

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

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.

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?

Tokens will be issued after the end ICO.

He is an abnormal person and we don't want to spend time communicating with the "wall".

Many times we responded to all his provocations, provided all counterarguments. But he even didn't pay attention to our arguments. We made a decision to consider this person not a serious, mentally ill, or paid up person of competitors.

We are always ready for an adequate dialogue. If you have any questions, you can ask them. Also, any member of the team is ready to get in touch and even speak with you in voice.

Thank you for your post.
Have a good day

I noticed that you deleted all of jollygood's post announcing that you're blocked and scammed people on previous thread. Why did you delete those posts instead of confirming and clarifying the accusations? The action can be considered as evasion and would only further confirming that the accusations is essentially correct.

(This post screenshotted for future evidence if needed in case if this post also get deleted)

Islam is more than a religion; it’s also a code of life that deals with social, economic, and political matters. Islamic finance, then, is a financial system that operates according to Sharia. Just like conventional financial systems, Islamic finance features banks, capital markets, fund managers, investment firms, and insurance companies. Islamic finance is based on real business deals and real economic activities that bear risk and are open to acquire profits while conventional banks are based on Riba (interest) lending and borrowing activities which avoid risk and thus promote social injustice and later leads to economic crises and depressions. The main difference between Islamic and conventional finance is the treatment of risk, and how risk is shared. Islamic finance requires that finance is provided on the principle of profit and loss sharing.



This is the new thread;)



After the end of Private Sale.



Thank you for support, guys!  

When will you start a smart contract? Already know the exact date?

This team is really great their charity concept also looking very interested .I like this project all the best team .

I am not familiar with sharia terms, so kindly correct me if I'm wrong, doesn't sharia means you should not chasing for profit? If so, then how will people establish trading, given the true purpose of trade is to create profits.

Aside from the principles, what exactly does your token solve and provide?

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

Most of my friends recommend this Adab Solution for it's activeness with different activities, system/project update and seminars. Specially when I visited their official telegram with 34,295 members. Kindly check the linked here ( https://t.me/Adabsolutions ).

I heared many good words about ADAB. Why so small ammount of posts in this thread?

You write . "ADAB Soutions, this is a rare project, as it is the world's first cryptocurrency exchange, operating in accordance with the principles of Islamic finance." I really want to know how the principles of Islamic finance differ from general principles of financing. I always thought that finances for religion are irrelevant.

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

No.


thank you for support! 

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.

It's no secret that the fast trust payments came up with the Arabs. Arabic numerals are used everywhere. Therefore, I believe in this project.

Are you Wahhabis?

Hello dear community! Our account "whitetoo" was permanently banned and we can't edit and moderate our previous thread.
This is the new ANN thread! Stay with us!