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Blockchain-based digital bank HADA DBank has announced yet another significant milestone in its project, with the confirmation that His Excellency Khurram Shroff and Mohammed Arif Ansari, both high-level management figures of International Blockchain Capital (IBC), have officially joined the bank’s Board of Advisors to advise in Investor Relations and Expansion.
This latest development follows the successful completion of the first phase of their token sale, a period that also saw them sign Uberstate as their first corporate client. As all financial transactions are being finalized, HADA DBank is continuing work on developing the platform’s core system.
Advisory prowess from IBC
HE Khurram Shroff, the chairman of IBC, has featured on Power100’s Top 100 Most Powerful and Influential Muslims in Great Britain and the World, recognizing his achievements in banking and finance excellence. Shroff is also the Civilian Sponsor for the Saudi Arabian Armed Forces, UAE Armed Forces and Pakistan Armed Forces, an honor bestowed on him by the Canadian government, through its Canadian Armed Forces College, Department of Defence.
He also chairs the Canada-based real estate Imperial Group, bringing with him a vast experience at private equity and global land banking investment.
Shroff expressed great pleasure with the HADA DBank partnership, believing in its vision of merging blockchain innovation with Islamic financial principles, and crediting them with being the first to implement risk sharing and transparent management in digital banking:
”The fact that HADA DBank offers all the benefits of cryptocurrency banking but with principles that have been long-established in Islamic culture is very unique and unheard of.”
Shroff added that he saw the great potential for the platform to open up new markets through the leveraging of emergent tech, backed by a committed team working to realize short and long term business goals:
“With the ability to share responsibility for capital changes and completely transparent banking, most individuals and companies will feel more at ease transacting with HADA DBank.”
Meanwhile, Mohammed Arif Ansari, brings a well-connected network of family offices, hedge funds and institutional investors as the COO of IBC. Ansari has well over 15 years with top-tier multinational companies, Fortune 500 and the Big Four consultancies, leading Planning, Strategy, IT & Operations with the likes of HCL, Nokia Siemens, KPMG & Rio Tinto.
HADA DBank chairman and interim CEO Hisyam M couldn’t have been more pleased with the new appointments, saying that the IBC figures would spearhead the bank’s entry into the Middle East as a priority market for introduction of first phase banking products and services.
Hisyam believed that their being part of HADA DBank would further give confidence to existing and future investors, as the project sought to firm up its platform in preparation for a main general token sale event:
“Their participation on our project is significant and we welcome IBC, H.E Khurram Shroff & Mr. Mohammed Arif Ansari in joining our list of prominent Partners and Advisors. We look forward to their guidance and assistance for HADA DBank.”
Blockchain innovation for transparent Islamic principled banking
HADA DBank aims to usher in a new era of responsible and ethical banking, using blockchain innovation to facilitate transparency, while applying Islamic financial principles to ensure ethical business processes and shared risk responsibilities between banks and clients.
Clients are at the core of HADA DBank’s ethos, with the unique needs of every customer placed at the fore, reflected in its motto of ‘Caring & Personal’.
The Hada DBank pre-token sale has just concluded and further announcements will be made regarding the general sale of its native digital token, HADACoin.