HADA BANK : What is ‘Islamic Banking’?

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.

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.

SECONDARY MARKET

Apart from the Muslim population of 1.7 billion and the other billions of people who prefer to subscribe to Islamic Banking services, HADA DBANK also will focus on population 644.1 million inhabitants of Southeast Asia (ASEAN).

Interesting facts about ASEAN:

Has a population of about 438 million budgeted.

More than half of ASEAN’s population aged under 30 years old.

Has a market penetration of 854 million Smartphones or 133% as compared to the population, but only 53% of the population of ASEAN are online, which leaves roomfor significant expansion of markets in Indonesia’s future.

As a special bank Online, these facts convince us to focus on ASEAN as a secondary market. We are scheduled to offer Islamic banking services we gradually in the Quarter II in 2018.

FEATURES AND EXCLUSIVE BENEFITS

Free Encrypted account and e-Wallet

Savings and Withdrawals

Transfer, Remittance da Exchange

Loans and investments

Real-time Payments

Bonus Points

Collect points from Your purchases with e-Wallet or Debit card and change into cash or kriptocurrency/token to spend more. Use as an additional discount to pay for whatever you want and save more on your purchase. You can also use the points collected to Exchange anything you like in the e-Mall partners or physical outlets around the world.

TECHNOLOGY HADA DBANK

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 konfirmatori transacton (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.

The main core database is implemented in the structure blockchain, where each block is a set of transactons. Each new block defines the State of the new nucleus, in accordance with the circumstances of the previous block. The core database integrity is provided by blockchain and a consensus on it. Each block is connected in a cryptographic block to before. This feature ensures the ability to validate a database and a history of transactons at any tme in the future. The main database stores all data that passes through the point.

ABOUT 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.

Target Funding Pre-ICO

Soft Cap = 5,000 ETH

Hard Cap = 20,000 ETH

HADACoin ALLOCATION

35%: capital presented a PRE-ICO will be allocated for research and development.

30% of operational Expenditure: for.

20%: for capital Spending.

30%: to reserve HADA DBANK.

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