HADA DBANK : 1st Digital Banking Module With Sharia System

Hada DBank is the first Digital Bank to combine Sharia Banking Module with Blockchain Technology. As a sharia banking, Hada DBank has a different purpose from other conventional banking. But Hada Dbank is not only for Muslims but it can be used by anyone.

Before we discuss about what is Hada DBank, we must know first what is the banking system of Sharia/Islamic Banking.

What is ‘Islamic Banking’?

Islamic banking is a banking system that is based on the principles of Islamic law, also referred to as Shariah law, and guided by Islamic economics. Two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest by lenders and investors.

In general, Islamic banking and finance has been described as having the same purpose as conventional banking but operating in accordance with the rules of shariah law or having the same basic objective as other private entities, i.e. maximization of shareholder wealth. Islamic finance is not constructively built from classical jurisprudence. It follows conventional banking and deviates from it only insofar as some conventional practices are deemed forbidden under Sharia.

Source : http://prudentpress.com/finance/islamic-banking-system/

The sharia law that forms the basis of Islamic banking is itself based on the Quran (revealed to the Islamic prophet Muhammad) and ahadith (the body of reports of the teachings, deeds and sayings of the Islamic prophet Muhammad that often explain verses in the Quran).

“Those who devour usury shall not rise again except as he rises, whom Satan of the touch prostrates that is because they say, ‘Trafficking (trade) is like usury.’ God has permitted trafficking, and forbidden usury. Whosoever receives an admonition from his Lord and gives over, he shall have his past gains, and his affair is committed to God, but whosoever reverts those are the inhabitants of the Fire, therein dwelling forever”

“God blots out usury, but freewill offerings He augments with interest. God loves not any guilty ingrate”

“Those who believe and do deeds of righteousness, and perform the prayer, and pay the alms — their wage awaits them with their Lord, and no fear shall be on them, neither shall they sorrow”

“O believers, fear you God; and give up the usury that is outstanding, if you are believers”

“But if you do not, then take notice that God shall war with you, and His Messenger; yet if you repent, you shall have your principal, unwronging and unwronged”

“And if any man should be in difficulties, let him have respite till things are easier; but that you should give freewill offerings is better for you, did you but know”

(Quran 2:275–280)

I think the explanation about the banking system of Sharia/Islamic Banking is enough, then let’s move to the most important topic.

What is ‘Hada DBank’?

HADA DBANK is the first Digital Bank to combine Sharia Banking Module with Blockchain Technology, to create an ethical and responsible banking ecosystem. We are troubled by the current bank and financial institution persecution of our customers. Players also usually produce from thin air of debt and interest. This is why the global economy is declining over time, as it turned out since the 1st century.

The lack of responsibility charged by banks is brave enough. This is why we chose to be part of the current financial revolution through the establishment of Hada DBank, a caring and personal bank.

Hada DBank aspire to be a ‘fair’ organization in the financial industry. On the 2007–2008 financial crisis serves as a grim reminder of how some irresponsible players can replace the entire industry, leaving millions to lose financial ruin. Sharia banking, because of transparency, the concept of sharing profit and loss, will minimize market manipulation and eliminate other domino clashes.

Features and Exclusive Benefits

Free Encrypted account and e-Wallet
Savings and Withdrawals
Transfer, Remittance and Exchange
Loans and investments
Real-time Payments

Hada DBank’s Technology

Hada DBank using personal blockchain that is stored in each node in the network. By default, the nodes are all controlled by Hada DBank. Some nodes just save a copy of blockchain and did not take part in the process of consensus Protocol. That node can act as a gateway node or backup server. A node that acts as a validator can be found on the network segment that is safe from the bank and made available through the gateway node.

HadaCoin

We intend to raise capital for the development of HADA DBANK via HADACoin. Buyers will be able to use HADACoin to perform a banking transaction or daily activity. Our customers will be issued with a debit card, which allows them to conduct transactions with our HADACoin, in the platmon of banking or other traders around the world.

Need more information about Hada DBank, watch video below :