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.
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.
Price of HADACoins during Pre-ICO
0-10,000,000 > 1 HADACoin = 0.000500 ETH / 1 ETH = 2,000 HADACoins
10,000,001-20,000,000 > 1 HADACoin = 0.000525 ETH / 1 ETH = 1,900 HADACoins
20,000,001-30,000,000 > 1 HADACoin = 0.000555 ETH / 1 ETH = 1,800 HADACoins
30,000,001-40,000,000 > 1 HADACoin = 0.000588 ETH / 1 ETH = 1,700 HADACoins
40,000,001-50,000,000 > 1 HADACoin = 0.000625 ETH / 1 ETH = 1,600 HADACoins
35% of the capital raised through our PRE-ICO exercise will be allocated for R&D (Research & Development). 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
CAPEX (Capital Expenditure) will receive 20% of the capital raised. Among activities will be the acquiring of necessary business assets, and precious metals & 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.
Attention. There is a risk that unverified members are not actually members of the team
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