Category Archives: hada islamic bank

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Islamic Digital Bank HADA DBank Welcomes First Corporate Customer, Überstate

Digital Islamic bank on the blockchain HADA DBank has announced its latest agreement, having secured its first corporate client in “future-forward” property development firm Überstate.

Itself only two weeks into its ongoing token sale, Überstate has penned a deal with HADA DBank to purchase $1 million worth of the bank’s digital tokens, HADACoins.

The move will be seen as a major step forward for mainstreaming cryptocurrency as the two significant companies join together to build a vibrant and sustainable ecosystem based on the new crypto economy.

Hada DBank interim CEO and chairman Hisyam M expressed delight at the deal, believing it to be a statement of confidence in the new banking project. He added that they looked forward to serving Überstate clients soon, while looking for more partnerships in and outside of traditional sectors to introduce new banking and financial services and products:

Having 2 blockchain-based projects working together is the true meaning of blockchain economy that represents one of the spirits of blockchain in general, sharing economy.”

Meanwhile, Überstate was equally enthused about the deal, with CEO Jess Davis remarking on Hada DBank as a true partner in the blockchain banking industry:

We are very confident in the abilities of HADA DBank to fulfill its mission as an Islamic bank on the blockchain and help evolve the current state of the banking industry internationally.”

Davis also thanked Hada DBank partners F1 Cryptos and DE Asset Management for facilitating the agreement, personally acknowledging the roles of Michael Buchbinder and Darrell Emmanuel in brokering the deal while maintaining stakeholder fidelity.

Apart from allowing easy and seamless investment into any of bespoke Überstate property for immediate returns and ownership of luxury hospitality, Überstate also prioritizes long term sustainability via greener solutions. These include creating investment opportunities that look to aid community growth and renewal through the identification of grey field and infill sites in urban locations naturally amenable to development.

Synergies of token economies

Überstate Real Estate Investment tokens look to change the way real estate investment is conducted, allowing for fractional ownership of large-scale assets and businesses in the hospitality sector. Backed by actual assets to provide intrinsic value, the token looks to leverage utility in exchange for services and goods in various international locations.

The Überstate investment platform is fully automated, allowing for retail investment of blockchain-based securities and tokens into large-scale commercial real estate development and businesses. The public token sale is soon to be announced.

Meanwhile, HADACoins are still available for purchase in a general public sale, following the successful conclusion of a pre-sale. The first one million HADACoins will include a 100% bonus on top of normal rates of 1 ETH = 1,500 HADACoins, with a minimum transaction of 0.15 ETH.

To learn more about HADA DBank’s blockchain based digital banking based on fair Islamic principles, visit the website and read the whitepaper. Follow HADA DBank on Twitter and Facebook, or chat directly with the team on Telegram.

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Hada DBank Updates on Token Sale and New Partnership with Vostad

Hada DBank’s token sale went live on the 1st of May 2018, and will come to a close on the 31st of May 2018 aiming to sell 50,000,000 HADACoins. These will all be sold through Hada DBanks exclusive partner F1Cryptos.

Seven days into the Hada token event, Vostad came forward and solidified their strategic partnership, with Zahid Rashid Mir joining the Hada DBanks board of advisors.

Vostad believe Hada DBank has the potential and a dynamic business module to push forward the cryptocurrency economy in the banking sector. The team behind the Hada DBank project has been working with high ambitions and a determination to push forward the project globally. Vostad intends to support this vision, and will work hand in hand with Hada DBank to ensure quality innovative products and services are made available to the public.


Chairman and Managing Director for Vostad Global, Zahid Rashid Mir, is well known for being a young and dynamic business leader, deal maker and technology enthusiast. Today Mr. Mir is responsible for overseeing the company’s investor services and building new partnerships worldwide.

Mr. Mir has over a decade of international management experience and has developed, managed and trained teams; he has been involved with helping facilitate more than 500 million dollars in business deals.

The Vostad team helps facilitate deals, securing partnerships, raising capital, closing sales, exploring new markets and secure and educate employees. First established in Bangalore, VOSTAD has a solid portfolio raising over USD 1,000,000,000 worth of deals. The team is connected with over 50,000 global executives through more than 200 proprietary business platforms. VOSTAD is the pioneer and only company who conducts the Blockchain Summits for Islamic Banking and Finance (BIBSUMMIT) globally.

The Vostad and Hada DBank Partnership

The strategic partnership between Hada DBank and Vostad aims at bringing blockchain technology into mainstream IT circles as well as the general public at-large.

The Hada team is excited to have Mr. Mir and Vostad joining the ever expanding Hada Dbank team of advisors and partners. Hada DBank plans to utilize their experience, hoping to expedite the process to introduce Hada DBank and Products to the mainstream market.

Aiming to expand throughout the Middle East where they have extensive experience in dealing with that market. Additionally, they are working on convincing future investors to participate in the Hada project going forward.  

The Hada DBank Token Sale
The FIRST 1,000,000 HADACoins will be priced at 3,000 HADA per 1 ETH. The normal price structure will be in effect for the remaining units at 1 ETH per 1,500 HADA. There will be a minimum contribution of 0.15 ETH per transaction. Following the success of its Pre-sale, Hada DBanks aims to reach its soft cap at 5,000 ETH and hard cap 30,000 ETH respectively to further progress at a desirable pace.

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