Bitcoin Forum

This ico looks interesting! Why is there no much posts here?How much you raised during pre ico till now?

One more crypto bank. But Islamic bank now. What is the real difference between your project and other cryptobank projects? Why do you think that this project will be sucessful? Site looks good and team is experinced, but I'm not sure about idea of project.

Islamic bank? No thanks!

Good luck with it in the dessert!

You want to develop a sharia banking project with a crypto base, it's possible, but for now maybe it will be less in interest, for an Islamic country maybe, but I'm here to talk about global development.

Global financial institutions, such as the French Societe Generale, the Bank of Tokyo-Mitsubishi UFJ and Goldman Sachs, also issued Islamic bonds. Other countries also expressed interest in issuing Islamic bonds, such as Luxembourg, Russia, Australia, the Philippines and South Korea. During the meetings of the International Monetary Fund and the World Bank in New York in mid-October, a part of the agenda items and meetings were dedicated to discuss Islamic banking and the Islamic economy, and how to take advantage of it to protect the global economy and develop global models of development.

Read more: http://www.al-monitor.com/pulse/business/2014/10/islamic-bank-sector-arab-west.html#ixzz52HYQxVk5

tell me in your project its any principle islamic transaction like mudharabah, musyarakah, please explain? its any swap?how about legitimated halal or haram for bitcoin?

Yes, we are practicing several principles such as Murabahah(Cost-plus-Sale) and Tawarruq(Commodity Murabahah). As for Bitcoin, our internal Shariah Advisory Board is still in discussion regarding it's status.

Why does your pre-sale take so long? A month and a half seems to me quite a long time. How many are collected at the moment?

How much softcap and hardcap for ico? How much softcap to make this project run? What will happen if the softcap didnt reach?

Softcap is USD3.5Million and Hardcap is USD14Million. Regardless of what happens, the project will move on. The only deciding factor by the end of the Pre-ICO is the length of time it takes for the project to develop.

Total Bounty percentage 80% only? here the details:
Twitter: 15%
FB: 15%
Translation: 10%
Blog Article: 10%
Youtube: 10%
Signature: 20%

80% in total? where is other 20%, i think you can put +10% each for Blog Article and youtube.

Hi,we are considering to launch more promotional bounty campaigns soon and the remaining 20% will go to those bounties.If you have more questions regarding bounty,please post them on our bounty thread here (https://bitcointalk.org/index.php?topic=2611797) or send pm to me.
Thank you for your interest in Hada Bank Bounty Campaign  :)

There was a brief halt of the sale. Due to discussions with retail and institutional buyers. Also, there was a problem with the smart contract which caused a bit of delay for the relaunch.

Right now the sale has resumed. Including the retail and institutional buyers, approximately 10million HADACoins are sold.

Amazing news for a start, however when is the ICO tentatively going to end?

So you are not yet legally registered, right? Because from your wp, it stated that you will form this bank in Switzerland. This is for your advantages because of laws regarding banks over there. Even if most of you come from Malaysia. Why not register it in MY or SG?

Where can I see a link to a bounty campaign? And what are the fees for the project at this stage? What is the minimum capital to start a project?

HADA DBANK – your Caring and Personal Banking partners. We aim to be your financial partners, rather than just a financial institution that you use for transactions. This whitepaper will explain how HADA DBANK is different, and the steps we will take towards our goals.

We are the first Digital Bank to fuse Islamic Banking Module with Blockchain Technology, to create an ethical and responsible banking ecosystem. We are troubled with the current mistreatment by banks and financial institutions towards their customers. Existing players create money out of thin air from debt and interest. This is why the global economy has collapsed time after time, evidently since the 1st century. The lack of responsibilities bore by banks is simply audacious. This is why we chose to be a part of the current financial revolution through establishing a Bank, a caring and personal bank.

Caring and Personal: these are our core values, shaping and influencing our services, transactions, interactions and running of our businesses. These words will guide our conduct internally within our organization, and externally with our customer and the community. We aspire to be the bank that actually cares to improve people’s lives, rather than just to profit from it. Personalization will also be the main focus in our services. Different customers have different needs, and require different services and attention. HADA DBANK’s customers will have tailored services because we believe, not everyone can wear the same pair of pants.

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Our reason is simple. We aspire to be a ‘just’ organization in the financial industry. The financial crisis of 2007-2008 serves as a grim reminder how several irresponsible players can capsize an entire industry, putting millions in financial ruins. Islamic banking, due to its transparency, profit and loss sharing concept, will minimize market manipulation and eliminate another domino crash.

Islamic Banks are less risky and more resilient than their counterparts, due to the aspects of their bank capital requirements and mobilisation of deposits. As opposed to Conventional Banking, depositors to Islamic Banks are entitled to be informed about what the bank does with their money. They also have a say in where their money should be invested. Islamic banks also strive to avoid interest at all levels of financial transactions and promote risk-sharing between the lender and borrower.

There are two basic principles in Islamic banking. One is the sharing of profit and loss; and two, significantly, the prohibition of the collection and payment of interest by lenders and investors. Collecting interest or "Riba" is not permitted under Islamic law. In the case of profit, both the bank and its customer share in a pre-agreed proportion. In the case of a loss, all financial losses will then be borne by the lender. In addition to this, Islamic bank cannot create debt without goods and services to back it (i.e. physical assets including machinery, equipment, and inventory). Hence savings, deposits and investments with our DBank will be backed by physical assets such as precious metals and gemstones.

You might think that Islamic banking is only for Muslims. It is not. In June 2014, Britain became the first non-Muslim country to issue Sukuk; the Islamic equivalent of a bond (the word itself is the plural of Sakk, which means contract or deed). In September 2014, the governments of Luxembourg and South Africa as well as the Hong Kong Monetary Authority made issuances. But Sukuk is not limited to sovereigns: in September 2014, Goldman Sachs issued a USD500 Million Sukuk and Bank of Tokyo-Mitsubishi Malaysia raised its 1st USD50 from its USD500 Million issuance. All of these entities want in on the USD2 Trillion Islamic financial market.

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A total of 500 Million HADACoins will be issued. 295 Million coins will be offered for sale. Out of the 295 Million coins, 20 million will be allocated for private investors and institutional buyers. 50 Million of the 275 Million coins will be released during PRE-ICO exercise and the remaining 225 Million coins will be released in our ICO exercise in the near future. 10 Million coins will be allocated for the bounty campaign.


HADACoin is a ERC-20 coin created using Ethereum platform. A total of 500 Million HADACoins will be created. HADACoins will have 6 decimal units. Further info about HADACoin as stated below:

• a. Perform financial activities and services on our Banking Platform
• b. Pay for services using our Debit Card
• c. Receive Monetary Profits such as Dividends, Returns and anything of equivalent by keeping it in your Savings Account or utilize our Investment Solutions
• d. Act as collateral when you apply for our Unsecured and Term Loans
• e. Trade it on Crypto-Exchanges and make more profit by increasing HADACoin’s value!

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35% of the capital raised through our PRE-ICO exercise will be allocated for R&D (Research & Development). We plan to hire and retain at least 50 computer programmers, coders and IT personnel to further develop our banking platform and system, as well development of future products. 7 labs will be established in 5 years in which the 1st and 2nd lab will be based in Switzerland and Estonia respectively.

OPEX (Operation Expenditure) will make up 30% of the budget. Hiring of management executives will be our main activity under this sector, to ensure that the best partners and talents from related industries join HADA DBANK management and operations. We plan to market aggressively and are currently partnering with an experienced Marketing Partner, to help us put our name to the targeted markets, globally.

CAPEX (Capital Expenditure) will receive 20% of the capital raised. Among activities will be the acquiring of offices, investments in hardware for our R&D department, necessary business assets, and precious metals and gemstones (gold, silver and diamonds), to be used as collateral for future customers’ savings, investments and HADACoin’s value.

The final 15% will be kept as RESERVE. This Reserve will not be used unless for utmost necessity and strict rules will be set. The decision to utilize this reserve will be determined by the top management collectively and unanimously, to ensure there is no mismanagement and excess usage of the Reserve. We will increase HADA DBANK’s Reserve to 30% of the total capital, in the nearest future in accordance to Islamic Financial Laws.

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Hada DBank Advisor Robby Schwertner, How Blockchain will Impact Our World Podcast

 Industry advisor Robby has recently spoke about his passion for blockchain technology and what changes he believes the future has in store. Using the technical advantage and innovation of the blockchain, Hada DBank being the world’s first digital Islamic bank and strives to provide the public with a fair and transparent risk and responsibility sharing.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-will-impact-world-podcast/

https://coinidol.com/upload/resize_cache/iblock/7bd/900_900_1/7bdaf4113cb8ddda432e5a80876ec1fa.jpg

The goal of this project is very nice and I'm sure that will be a lot of participants who supported this project to progressively developed again. Hopefully, the projects go as planned.

this project looks very promising and has a bright future.  i like your project and lets support this project.ill be following it

Hi! DEV, what kind of programming language do you plan to use? Is there any code for this project?

Islamic Banking on the Blockchain, Hada DBank, Releases Token Sale Structure

The world's first blockchain-powered Islamic Bank, Hada DBank, has launched its token sale on May 1st, 2018. The public sales affords contributors the unique opportunity to join in on future of banking on the blockchain by contribution for stakes in the 50 million HADACoins generated for the event.

Hada DBank banking principles are forged on the risk-sharing principles of islamic banking powered by the unprecedented power of blockchain technology. The merging of these two different worlds is set to create a groundbreaking banking ecosystem for a future that is way ahead of what the present banking system will ever achieve. The Kuala Lumpur-based company is working to deliver a service that will be a transformation to the monetary value of trust, security, and risk-sharing.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/hada-dbank-releases-token-sale-structure/

https://coinidol.com/upload/iblock/ef9/ef9997ad61977edee96cdc9bfb73d911.jpg

The concept of an interesting article, mentioned the bank eliminates the flowering system, in this case Hada bank will not give a large interest to the borrowers. But still provide the benefits of investors. Hope the plan can be well realized and acceptable to society.

Becareful! This Project is scam

SCAM SCAM SCAM SCAM SCAM SCAM SCAM

why can you say this project scam? try to give proof showing that this project scam. or maybe you're just the one who wants to damage the reputation of a successful project.

if the news about the partnerships are legit this means that the devs are actively working on the project.

I've seen a few of the proposed projects mentions Islamic banking and blockchain It can really have success. It will be interesting to follow your achievements.

now this project is working on smartcontract with blockchain for token distribution to bounty or investor. hopefully it can be finished soon and this project soon get into a good market

I know this project has been a long time, and for the latest information, I don't know it. Is admin still there, I expect Hada DBank information. I hope everything goes well.