By
Mayowa Adebajo
March 12th, 2024
Blockchain-based Islamic Bank Hada Dbank has partnered with renowned VC investor David Drake and Soho Loft Media Group.
The first digital bank to fuse the Islamic banking module with Blockchain technology; HADA DBank, has begun its mission of creating a new conventional banking model with Islamic principles through a digital, blockchain based approach.
Transparent In Their Benefits
It’s argued that 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.
Hada DBank recently partnered with LDJ capital to provide the latest strategic insights, appointing chairman David Drake to sit on their advisory board. What makes this a great partnership is David Drake, who via the Soho Loft Media Group will provide a wealth of new investors and media provisions for the project to utilise.
Bringing Real Value
David has been involved in technology, media, telecoms, realty, hospitality, cleantech, energy and social impact investments for more than 25 years. He is an advocate of digital automation investing in private equity, compliance, capital formation policies and the US JOBS Act which he lobbied for in the US congress and EU Commission.
LDJ’s vast exposure in USA, Asia, Europe, Middle East and soon Australia and Africa, and their varied portfolio in equities, hedge fund, venture capital and alternative investment, coupled with decades of experience, will be very beneficial for the progress of Hada DBank.
The experience of David Drake will bring knowledge and wisdom based in the crypto market and blockchain ecosystem, currently he stands to have advised over 50 firms, 15 of which have raised $500 million in the last six months.
Not only this but Mr. Drake has access to around 100,000 investors through his media holding investment The Soho Loft Media Group which has produced and sponsored over 1100+ global finance conferences since 2002, ie events by institutional media leader Thomson Reuters, with speakers from Nasdaq, NYSE, KKR and Carlyle Group.
Promising Prospects
The potential of Hada DBank to flourish is its use in serving the vast Islamic community who can now be represented in the crypto market. Their transparency model is a first of its kind and answers many unique challenges that can be solved with the Islamic banking module, ensuring ethical banking and investment.
Hada DBank believes in benefiting and putting customers’ interest first, rather than profiting without limit and ethics. Thus – Caring & Personal will be the two words that will be embedded in every aspect of Hada DBank’s corporate culture, product and services.