Over time, cryptocurrencies are becoming even more diverse and interesting. Those who are looking for something entirely unique and that has a religious spin to it may want to consider a new type of cryptocurrency and blockchain technology called Hada DBank. This is an Islamic cryptocurrency that not only meets the standard regulations concerning trading and holdings, but it also adheres to Islamic banking practices using blockchain technology for all of one’s needs. This way, individuals can conduct transactions in a completely halal manner.
What Is Hada DBank?
Hada DBank is a blockchain and cryptocurrency that is founded upon the tenants of Islam to ensure that Islamic banking practices are follow through. The platform is ideal for those who are strictly religious and are interested in tapping into the power of blockchain and cryptocurrency, without necessarily feeling like they are compromising their values as well. There are many positive features of the platform, aside from its religious facet. According to the brand’s website, the brand believes in risk-sharing and it has transparent as well so that individuals are fully aware of the technology that they are using.
As previously mentioned, Hada DBank is based upon the concept of Islamic banking. For those who are unaware, this essentially means that the banking entity believes in fostering relationships with primarily Islamic banks first and then the rest of the world. Further, the banks that it can associate with must meet the company’s strict guidelines concerning the use of capital, mobilization of deposits, and so forth.
Another interesting concept to this type of system is that it functions similar to a credit union in the sense that those who are part of the platform get to have a personal stake I it as well. Participants are able to have input about how their money is invested and further, the interest fees are non-existent as well. And because this is an Islamic banking platform, interest payments by lenders and investors are prohibited because such practices are not allowed under Islamic law.
The Benefits Of Hada Digital Islamic Blockchain Bank
There are many benefits to be had when uses Hada DBank for their cryptocurrency and transaction needs. Here are the main advantages of this platform so that individuals know what to expect:
- Free access to the company’s smartphone banking application
- Connection to the free encrypted account and e-wallet
- Account yields a minimum of 5 percent per year
- No fee to withdraw capital
- Free to transfer fiat or cryptocurrencies
- No interest on loans and investments yield at least ten percent
As individuals can tell, Hada DBank is a hybrid between providing for one’s cryptocurrency needs and a traditional bank. Individuals can tap into the benefits of cryptocurrencies, while also conducting transactions, maintaining an account, and other activities that are recognized in traditional banking.
Hada DBank Summary
Overall, those who are interested in trying an Islamic banking platform may want to consider Hada DBank. This banking platform is ideal for those who are interested in performing activities that are similar to a traditional bank, in addition to fulfilling their cryptocurrency needs. To learn more, visit the brand’s website today.