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trakinvest
PRE
bookmark7.5 /10
team - good team
mvp - no
idea - usual
competitors - low
market - #platform #banking
Starts
Dec 29th 2017
2 months ago
Ends
Feb 28th 2018
in 2 days

Here at Hada DBank, we aim to be different from conventional banking. In fact, we are the First Digital Bank to fuse Islamic Banking Module with Blockchain Technology. Islamic Banking is not just for Muslims. It’s for everyone. It represents something  –  Transparency and Risk sharing.

 

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.

Team

Mohd Al-Shazanous
CEO/CFO & CO-Founder
Juan Mahussin
CTO & CO-Founder
Linda Azmi
CMO & CO-Founder
Marcos Macias
COO
Ernest Loh
PR & Spokesperson

Advisors

Prof. Emeritus Dr. Barjoyai Bardai
ISLAMIC BANKING & FINANCE
Ayad Almutairi
MANAGEMENT ISLAMIC BANKING & INVESTMENT
Guan Seng Khoo (PhD)
RISK & DATA SCIENTIST
Alan Kong
BANKING INNOVATION
Robby Schwertner
BLOCKCHAIN ECONOMY EXPERT
Yousuf Ikram
RISK MANAGEMENT & CONSULTANT
Faiz Ahmed Faiz
MARKETING & CRYPTOCURRENCY
Zahid Ali
STRATEGIC BUSINESS DEVELOPMENT
Darrell Emmanuel
INVESTMENT & ASSET MANAGEMENT
Kevin Koo S.K.
LEGAL
Colonel Loc Hamaca Nawi
SECURITY
account_circle
David Drake

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