Even before, my impression on this project is that this is heading to be a scam project or there's something shady going on here. We will know in time if they are telling the truth, the absolute truth regarding this exchange.
If this was an ICO for an exchange it would be no different to any other exchange out there if it was ever coded and ready to launch.
The fact these scammers call this a First Islamic Crypto Exchange means they are lying because there is nothing Islamic about this scam project.
The fact these scammers call this a Shariah means they are lying because there is nothing according to Shariah about this scam project.
The "team" behind this scam are from Kazakhstan but refuse to mention if they are Muslim and if so which denomination (if any) do they follow.
The "team" behind this scam have claimed they can accept finances for the ICO from illegal, unethical or immoral sources on the basis they cannot or will not vert all investors thus are happy to pretend to be ignorant.
Where this becomes even more shady is that 99% of users here in the thread are part of the scammer bots, bounty seekers, freebie token seekers and airdrop beggars that keep pumping up the thread to drown out voices that disagree and expose the Adab Haraam exchange.
I have these beggars on IGNORE because it makes this thread so much easy to navigate while they talking to each other trying to impress their masters by flooding this thread in the hope of getting extra tokens in the way an owner throws a bone at his dog and says "Fetch"