Malaysia Archive

Hada DBank: The First Blockchain-Based Islamic Bank

Bitcoin Press Release: Eschewing the flawed aspects of conventional banking to advocate the fairer and more transparent ideals of Islamic Banking, Hada Bank aims to be the first digital bank to fuse Islamic banking modules with the innovative features of blockchain technology.

February 1st 2018, Kuala Lumpur, Malaysia – With the emergence of Islamic banking principles to forge a new future ahead of the current conventional banking and financial systems, Kuala Lumpur-based Hada DBank is working to place itself at the forefront, founded on the Islamic values of fair and transparent risk and responsibility sharing, augmented by the technological innovation of blockchain.

Why Islamic Banking?

Despite seemingly similar operations on the surface, Islamic banking is distinguished from traditional banking in two major principles: the first is sharing of profit and loss, the second is the prohibition of interest by both lenders and investors, discarding all interest-bearing models that have been proven to be unsustainable and complicit in the failures of global banking.

Less risk: Owing to stricter principles with regards to capital requirements and deposit mobilization, Islamic Banking by definition carries less risk and results in more resilient operations than its conventional counterparts.

Transparency: Depositors in Islamic banks are entitled to being fully informed about exactly what and how banks utilize their deposits. Depositors are also democratically allowed to have a say in where their money is invested.

The Hada DBank edge

Because of Islamic Financial Laws prohibiting risky ventures, Hada DBank will have a maximum Liability to Asset ratio of 1:3. All savings will always be backed by valuable assets such as precious metals, and are fully insured according to Islamic banking principles.

All users will have access to a full-feature personal banking service including:

– free encrypted account and e-Wallet, accessible via smartphones and non-smart mobiles.

– savings accounts at a probable 5% Hibah (discretionary gift usually based on business performance) per annum, with no withdrawal fee.

– zero-fee transfer or remittance of funds (both fiat and cryptocurrency) between savings and e-Wallet

– HADA Exchange, featuring zero-fee on cryptocurrency exchanges, or on major crytpo-fiat currency exchanges.

– 0% loan interest with a probable 10% investment return (based on fixed-rate Islamic investment product according to Murabahah (Cost-Plus Sale) and Tawarruq (Commodity Cost-Plus Sale) Islamic financial concepts).

– Physical and virtual debit cards with cashback and discount programs with affiliate partners and merchants.

Users will also have access to Bot HUDA, a financial management bot that helps them manage their spending, income and financial goals. Users can also take advantage of sophisticated artificial intelligence (AI) in the form of a personal financial advisor (HADI) that can help make informed investment decisions based on objective advice and assessment.

Caring and personal

Hada DBank’s core values of caring and personal shapes its services, transactions, interactions and business operations. Recognizing that its customers are the backbone of a bank, Hada DBank aspires to care, working to improve lives, rather than simply to profit from them. It will work hard to personalize services and attention, encouraging and fostering the great diversity of needs and requirements from each individual customer.

Far from exclusion, Islamic banking is not simply for Muslims. Islamic banking principles urge for universal inclusion and carry in its name a distinct message of transparency and risk-sharing for all.

Media partnership with Bitcoin PR Buzz

As a pioneering digital bank aiming to augment Islamic banking modules with blockchain technology, Hada DBank is cognizant of the need for widespread advocacy and awareness-raising of its innovative project.

As such, it is proud to announce a partnership with Bitcoin PR Buzz as its strategic media partner. As the world’s first cryptocurrency and blockchain PR agency, it benefits from its intimacy and reputation with various information distribution platforms such as CryptoCoinsNews, The Merkle, Coinspeaker, CoinIdol and many other international Bitcoin news sites. In addition, its network extends to several hundred online news outlets.

Bitcoin PR Buzz welcomed the new partnership, saying: “We are excited to support the world’s first blockchain-based Islamic bank.”

With a solid media partnership formed, Hada DBank looks forward to increased visibility and heightened presence in the industry.

Hada DBank development and HADACoin

To raise the funds necessary for the full development of products and services of the world’s first blockchain-based Islamic digital bank, Hada DBank will host a crowdfunding campaign through the HADACoin token sale.

HADACoin will be the native digital asset to enable users to conduct basic and daily banking transactions, convertible to and from other fiat and cryptocurrencies within the Hada DBank platform and debit card. Based on the Ethereum platform, HADACoin benefits from the transparency of a public blockchain and the security of smart contracts.

HADACoin will be sold during the pre-sale at increasingly higher rates adjusting to supply, starting at rate of 1 ETH = 2,000 HADACoins for the first 10 million tokens, gradually reducing every 10 million tokens. A flash sale is now live, with ETH granting participants with 4000 tokens, for the 1st 1 million Coins

With the recent acquisition of several strategic partners, including BPRB, Hada DBank has decided to extend its pre-sale to February 28th, 2018 to take advantage of enhanced marketing and market penetration.

Once the Hada DBank platform launches, HADACoin will be trading on the F1Cryptos exchange  the first of many exchange platform partnerships in the pipeline.

The Team

Hada DBank’s development team benefits from the diverse experience of its members in business, blockchain, computer security, investment and banking sectors.

Some of its key team members include:

Mohd Al-Shazanous, CEO/CFO/Co-founder

With a decade of experience in financial and risk management within the banking and energy sectors, Mohd has profound insight into economic issues of poverty and believes that the freedom, transparency and fairness of both Islamic banking and blockchain principles can forge a future foundation for a new, resilient global economy.

Linda Azmi, CMO/Co-founder

Having managed marketing projects for some of the biggest names in Southeast Asia, Linda has an eye for developing cutting-edge marketing strategies and understands the value of digital marketing.

Juan Mahussin, CTO/Co-founder

A true tech geek at heart, Juan has the uncanny ability to dissect any technology and improve upon it. He speaks Solidity and Python, and also happens to be a skilled graphic and 3D designer.

Marcos Macias, COO

A natural-born leader, Marcos foresight results in effective management or projects and flawless execution, with a deep respect for the nuances of personal and professional relationships.

Ernest Loh, PR & Spokesperson

Nurturing aspirations of being a social influencer, Ernest’s keen interest for social media and blockchain technology makes him the perfect public face for Hada DBank.

The team is also backed by multi-faceted advisory board with some of the leading lights of academia, legal and banking, including the likes of Prof Emeritus Dr Barjoyai Bardai (Islamic Banking and Finance), Ayad Almutairi (Islamic Banking and Investment), Dr Guan Seng Khoo (Risk and Data Scientist) and Robby Schwertner (Blockchain Economy Expert).

Learn more on the Hada DBank website:
Read the Hada DBank Whitepaper:
Chat with the Hada DBank team on Telegram:
Follow Hada DBank on Twitter:
Follow Hada DBank on Facebook:
Discuss with Hada DBank on bitcointalk:
Check out Hada DBank on Instagram:
Learn more about Hada DBank on Medium:

Media Contact

Contact Name: Linda A
Contact Email:
Location: Kuala Lumpur, Malaysia
Company: Hada DBank

Hada DBank is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Hada Dbank token sale is closed to US participants and participants of all countries in which ICOs are illegal.

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The post Hada DBank: The First Blockchain-Based Islamic Bank appeared first on Bitcoin PR Buzz.

Source: BPRB Feed

A Blockchain RegTech Solution to the World’s $200 Billion a year Identity Verification Crisis: Introducing Velix.ID

Bitcoin Press Release: RegTech Startup Velix.ID are building a blockchain platform to ease the processes of identity verification and sharing across business and consumer markets globally.

January 15th 2018, Singapore, Malaysia – In the fast-moving 21st century with a 7 billion strong population — accessing any consumer service requires identity information — signing up on websites, ecommerce checkouts, accessing private properties, buying bitcoins, or gettings loans! However, this incautious sharing of Identity bring many problems for both the consumers and the businesses.

The Problems with Identity Verification

Identity Fraud: As per the data compiled and fact checked from Forbes, BBC, Mashable, CNBC and the Telegraph, the world is losing  up to $200 Billion in Identity Fraud every year, and more than 4 Billion data records were stolen globally in 2016 alone.

Data Breaches: When the data is stored in central databases with authorities or businesses, it is susceptible to mass data breaches. It is not just random websites on the internet that are compromising people’s data, even some of the world’s major brands have suffered mass data breaches. The list includes popular names such as Uber, Yahoo, Adobe, Sony, JP Morgan, eBay, Zomato; the government databases are no exceptions either. In India particularly, Aadhar has suffered multiple massive data breaches, compromising the most sensitive personal data of millions of Indian citizens. Other key government enterprises including DRDO, ISRO, RBI, EPFO, SBI, BSNL, and several others have faced data breaches as well.

Time & Cost Inefficiency: Current Methods of Identity Verification are too slow and inefficient for both consumers and businesses — taking the cost of verifying identities to near $100 billion a year. The laws relating to Cryptocurrencies in India are so stringent, that the Exchanges have to spend millions of dollars performing KYCs, which inconveniences the consumers by having to wait for multiple days before they can actually start trading. At new

The Velix.ID Solution

Decentralization: Storing the data in a centralized database makes the identity information susceptible to mass data breaches or misuse in the hands of the concerned authority (such as selling your information to advertisers without your explicit consent). Blockchain  Technology allows for this information to be stored on a public ledger in an anonymous manner with no authority having singular control over this information.

Easy Transaction: A unique easy-to-remember 8-digits alphanumeric  ID that can be shared globally with anyone to allow seamless sharing of identity information in a secured manner without requiring to repetitively provide the same information over and over again.

Mandatory User Consent:  The identity holder should always be in charge of how and where their identity information gets shared. Any transaction of Identity cannot occur between two parties without the explicit consent of the Identity Holder.

A Platform that doesn’t require Trust: The blockchain & zero-knowledge proofs technology that Velix.ID utilizes ensures that it doesn’t have any information stored about the user with it, and the identity information is transacted directly to the identity information requester, without any intermediary control. This means that the platform works even without trust.

Improved Customer Experience: Users can access services easily and instantly without repeatedly requiring to sign-up or entering identity information.

Time & Cost Conservation: The cost for new customer acquisition and identity verification comes down since the same processes do not have to be repeated over and over again. The time spent in performing multiple signups, gathering and verifying identity information also reduces significantly.

Identity verification has been one of the biggest concerns in the last decade globally because of the costs and risks involved in the process. I started exploring the identity space in 2015 when i discovered that my email ID got hacked in a mass data breach” Said Manav Singhal, CEO at Velix.ID.

“The idea behind Velix.ID has always been to make it safer and more efficient to share & verify identities across the consumer markets. As a consumer, I shouldn’t have to wait for days for the business to verify my identity before I can start accessing their services; it is a loss-loss situation for both businesses and their customers

Velix.ID Token Sale

  • Pre-Sale Phase 1: 1 VXD = 0.6 USD, starts: 27 Jan 2018, discount: 40%
  • Pre-Sale Phase 2: 1 VXD = 0.7 USD, starts: 3 February 2018, discount: 30%
  • Crowdsale Phase 1: 1 VXD: 0.8 USD, starts: 10 February 2018, discount: 20%
  • Crowdsale Phase 2: 1 VXD: 0.85 USD, starts: 18 February 2018, discount: 15%
  • Crowdsale Phase 3: 1 VXD: 0.9 USD, starts: 26 February 2018, discount: 10%

Visit the Velix Website:
Check out the Whitepaper:
Connect on Telegram:
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Read the BitcoinTalk Thread:

Media Contact
Contact Name: Neer Varshney,
Contact Position: Head of Communications & Outreach,
Contact Email:

Velix.ID is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

About Bitcoin PR Buzz -Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

The post A Blockchain RegTech Solution to the World’s $200 Billion a year Identity Verification Crisis: Introducing Velix.ID appeared first on Bitcoin PR Buzz.

Source: BPRB Feed