Tag Archives: marhaba defi

MRHB DeFi’s Ethical and Inclusive Vision Strengthened by Contango Partnership

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Melbourne, Australia, Oct 5, 2021 -/DailyVoice/- Community-focused DeFi ecosystem MRHB DeFi is teaming up with Canadian venture capital fund Contango Digital Assets to expand its reach, offering and services beyond the crypto-fluent to excluded communities globally.

Contango has made a strategic investment into MRHB DeFi, and will work alongside the MRHB DeFi team, providing expertise and experience across a wide variety of areas. The partnership will also support collaboration with influencer marketing leaders in the blockchain space, Influx Group.

Faith-based, Excluded Communities, An Untapped Opportunity

The partnership is aimed at expanding the reach of MRHB DeFi beyond crypto-natives to engage new users and communities who are attracted to a more ethical and faith-based vision.

“It’s surprising to us that such an important part of the world has not been able to participate in DeFi opportunities yet. MRHB is opening an important door in the Muslim Community for people who wish to benefit from decentralized finance while remaining faithful to their beliefs. We’re thrilled to be a part of that.” – Contango Managing Director, Mike Grantis.

“We are first in building DeFi services that solve issues of faith, ethics, exclusion, and complexity. Our user-friendly platform provides equal opportunities to everyone, not only those who share our concern for holding crypto assets that are halal. With Contango’s support, we will continue our journey of growth and development within Islamic communities and beyond.” – MRHB DeFi CEO Naquib Mohammed.

MRHB DeFi was founded on the principle of bringing societies and communities not familiar with decentralized finance into the space, and has a particular focus on delivering halal DeFi services which adhere to the tenets of Islamic faith, such as business practices that avoid interest, usury, exploitation and other acts deemed unethical.

With more than USD 3 trillion in liquidity available in the Islamic finance market, bringing even a tiny portion of this to DeFi will represent a major step forward in the growth of DeFi worldwide, and will enable people with no experience of the market to share in its opportunities.

MRHB DeFi recently announced partnerships with Sheesha Finance, NewTribe Capital, Acreditus Partners, EMGS Group and Coinsbit India, working towards expanding its reach and visibility to people new to blockchain, as well as long time believers in the cryptocurrency and digital asset industry.

About MRHB DeFi:
MRHB DeFi is a halal, decentralised finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Shariah into those tenets of blockchain to render a suite of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are governed primarily by the ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (‘IF’ as it is commonly known).

The diverse team is comprised of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

Read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here: https://marhabadefi.com/info-centre.php

MRHB DeFi Official Channels:
Website: https://marhabadefi.com
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg
Medium: https://mrhbdefi.medium.com/
LinkedIn: https://www.linkedin.com/company/marhabadefi
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russian): https://t.me/mdf_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR

About Contango:
Contango Digital Assets was launched to empower the financial revolution that is presented by blockchain and DeFi technology. It invests in innovative projects from around the world and fosters strategic partnerships with founders who look for more than just capital.

Learn more about Contango by visiting the official website or following the fund on Twitter.

World’s First Halal DeFi Ecosystem MRHB DeFi Receives Strategic Investment from NewTribe Capital

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Melbourne, Australia, Sep 29, 2021 -/DailyVoice/- The world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi has received a strategic investment from NewTribe Capital, a Venture Capital Private Equity Group.

This marks the seventh institutional investment in the DeFi ecosystem startup, following strategic investments from DeFi Mutual Fund Sheesha Finance, Dubai-based angel innovation investors Acreditus Partners and EMGS Group, the French Systems Integration company operating in the Middle East since 2003, to name a few.

NewTribe Capital: A Bold Investment Approach

With an ideology to ‘Invest in People’, NewTribe Capital takes a bold stance in their approach to investing – they back only the projects they feel add value to the blockchain ecosystem.

“Our philosophy is successful because we invest in relationships, not deals,” says Dhaval Parikh, Partner at NewTribe Capital. “Deals are simply transactions. We build exceptional relationships with companies that last, collaborating on projects with conviction.”

Investing in the first ethical, inclusive and faith-based MRHB DeFi ecosystem platform aligns with NewTribe’s company ethos and strategic goals. As an early investor and supporter, NewTribe recognizes both the vision and the long-term market potential of the faith-based DeFi pioneer.

Besides investment funds, which will support the continuing technology development and growth of MRHB DeFi, NewTribe Capital will also offer network and cross marketing support for the DeFi startup.

“We’re excited about collaborating with the highly successful NewTribe Capital team who share our long term visions for ethical DeFi. This relationship creates additional opportunities and industry connections that will drive more value for our community members. NewTribe has a proven track record of helping their partners succeed, and we are delighted to welcome them amongst other strategic stakeholders in our ambitious journey,” says Naquib Mohammed, MRHB DeFi Founder & CEO.

“This strategic alliance with NewTribe Capital is the latest institutional move by MRHB DeFi as we work to establish ourselves as the dominant player in the ethical decentralized finance space,” adds Mohammed.

DeFi made accessible to Ethical and Faith-based Communities

MRHB DeFi’s vision of an inclusive and halal crypto-verse is underpinned by Islamic ethical finance principles but is suitable for all those looking for a socially conscious blockchain that avoids interest, usury, exploitation and other business practices deemed unethical.

Being Shariah-compliant means MRHB DeFi can apply a vast body of knowledge and literature of Islamic Finance to ensure higher ethical and moral standards that are typically seen in the DeFi space. These principles ensure that all business decisions are conducted in a fair and just manner and hence create an inclusive and simple crypto ‘safe-space’ for the faith-based, unbanked and communities who are currently excluded.

Global Portfolio and Partnerships

Crypto-minded investors who believe in the evolution of current capital market systems towards more decentralized and accessible models, NewTribe Capital has a portfolio of more than 70 investments with an average ROI of 4.2x and more than USD20M AUM (assets under management). Portfolio investments include Launchpool, Casper Labs, Fractal, to name a few.

Offering advisory, resourcing, legal and technical support, NewTribe also has a network of VC partners, media partners and global influencers. VC partners include Alphabit, A195 Capital, Draper Dragon and more.

About MRHB DeFi:
MRHB DeFi is a halal, decentralised finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Shariah into those tenets of blockchain to render a suite of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are governed primarily by the ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (‘IF’ as it is commonly known).

The diverse team is comprised of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

Read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here: https://marhabadefi.com/info-centre.php

MRHB DeFi Official Channels:
Website: https://marhabadefi.com
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg
Medium: https://medium.com/@marhabadefi
LinkedIn: https://www.linkedin.com/company/marhabadefi
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russian): https://t.me/mdf_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR

NewTribe Capital Official Channels:
Website: https://www.newtribe.capital/
Twitter: https://twitter.com/NewTribeCap
LinkedIn: https://www.linkedin.com/company/newtribe-capital/mycompany/?viewAsMember=true

MRHB DeFi Announces Strategic Investment from Acreditus Partners

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Melbourne, Australia, Sep 9, 2021 -/DailyVoice/- On the heels of the strategic investment received from UAE-based Sheesha Finance last week, the world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce yet another strategic investment – this time from Dubai-based angel innovation investors Acreditus Partners.

Passionate Supporters of Innovation and Decentralized Finance

Encompassing both investment and partnership, the deal will also include the appointment of Acreditus Founder Mr Khalid Howladar as Chairman of the MRHB DeFi Governance Board.

A bespoke investment and advisory firm, Acreditus are passionate supporters of innovative start-ups and believe in the potential of decentralized finance to democratise access to the crypto-economy.

MRHB’s strong community and ethics focus marks them out as different from the majority of the DeFi projects that are saturating the sector. Indeed these values are consistent with those of Acreditus whose partners are experts in their respective fields and offer a deep pool of advisory experience and skills in addition to angel capital.

“MRHB DeFi’s ethical and inclusive community vision for the cryptoverse marks a significant difference from other projects in this space that are fraught with failure and fraud,” says Mr Howladar, Acreditus Founder.

“When combined with the extraordinary potential to revolutionise finance I felt compelled to support them on their journey with both advice and then capital once I was able to assess the extraordinary combination of ethics and capabilities of the team,” he adds.

Part of Mr Howladar’s role will be to try and ensure high standards of corporate ethics, governance and risk management as the company seeks to mature from bootstrapped start-up to a more institutional quality business. In addition, his prior senior experience in the Islamic Banking sector will support more regulatory and institutional partnership building.

“MRHB DeFi are extremely proud that Acreditus Partners have chosen to support our venture on two fronts,” says Naquib Mohammed, MRHB DeFi Founder & CEO. “As a young firm, we have many challenges ahead on all aspects of our business and Khalid’s seasoned experience across multiple areas such as governance, risk and communications continue to prove invaluable to our team and hence a natural Chairman for our Governance Board.”

About MRHB DeFi:
MRHB DeFi is a halal, decentralised finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Shariah into those tenets of blockchain to render a suite of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are governed primarily by the ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (‘IF’ as it is commonly known).

The diverse team is comprised of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

Read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here: https://marhabadefi.com/info-centre.php

MRHB DeFi Official Channels:
Website: https://marhabadefi.com
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg
Medium: https://marhabadefi.medium.com
LinkedIn: https://www.linkedin.com/company/marhabadefi
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russian): https://t.me/mdf_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR

About Acreditus Partners:
Acreditus Partners are recognised leaders in their fields of expertise. In addition to bespoke advisory services they have acted as Angel investors for a diverse portfolio of startups ranging from mental health psychedelics to halal crypto. The team have delivered over 100 briefings to international Emerging Market investors, risk officers, shareholders, underwriters, correspondent bankers and regulators in the GCC, Emerging and Islamic Markets. Founder Mr Howladar also frequently lectures at many business schools and universities in the region.

Acreditus Official Channels:
Website: https://acreditus.com
Twitter: https://twitter.com/acreditus
LinkedIn: https://www.linkedin.com/in/khalidhowladar/
Email: mailto:question@acreditus.com

MRHB DeFi and Sheesha Finance Announce Strategic Partnership to Bring Inclusion and Ethics to DeFi

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Melbourne, Australia, Sep 4, 2021 -/DailyVoice/- The world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce a strategic partnership with Sheesha Finance, a leading tokenized DeFi mutual fund platform – оnе оf thе hottest рrоjесtѕ in the industry.

A Strategic Alliance, A Shared Vision

The partnership deal with UAE-based Sheesha Finance includes a strategic investment from the DeFi mutual fund to MRHB DeFi for an undisclosed amount. The partnership will also see both parties collaborate alongside mutually beneficial initiatives that align with and promote Islamic Finance business practices. In addition, MRHB DeFi stands to benefit from the premium network and connections of Sheesha Finance.

As an early investor and supporter of MRHB DeFi, Sheesha Finance fully recognizes the vision, ambition and potential of the faith-based DeFi project, as well as its first-mover advantages in the DeFi space.

“As a decentralized fund we’re always on the lookout for like-minded projects and ideas that are looking to advance ethical finance and decentralize finance more. We’re very excited to have partnered with Marhaba, a unique value proposition in DeFi, who are doing that, and a lot more,” says Sheesha Finance CEO, Saeed Al Darmaki.

MRHB DeFi Founder & CEO Naquib Mohammed, echoes the sentiment:

“Sincere thanks to the Sheesha team led by Mr Saeed for this strategic investment and partnership opportunity. We are delighted to have Sheesha Finance as one of our early supporters and partners and are absolutely looking forward to utilizing the team’s crypto and DeFi market expertise and experience. This partnership with Sheesha Finance will open new avenues for growth and expansion for MRHB DeFi across its network.”

Unlocking the Untapped Potential of Ethical and Inclusive DeFi:

MRHB DeFi has been developed as an inclusive DeFi ecosystem that allows people of all faiths with an ‘ethics-first’ stance to benefit from the opportunities available in the decentralized digital asset sector.

Complying with the central beliefs governing Islamic finance, MRHB DeFi follows ethical financial and business principles that avoid interest, usury, exploitation and other business practices deemed unethical.

According to the Population Reference Bureau, the total Muslim global population is growing and by 2030, is estimated to increase to 2.2 billion people.

MRHB DeFi is committed to providing exceptional decentralized financial services all within a Shariah-compliant framework, allowing its community to participate in a booming sector while still adhering to the key tenets of their faith.

Strong Backing

Founded by investment and finance expert Saeed Al Darmaki, Sheesha Finance is a decentralized mutual fund that provides investment solutions for crypto portfolio diversification and rewards across the DeFi space, which currently has a total value locked (TVL) of USD 162 billion.

Sheesha Finance has backing across the investment space from Alphabit and Galaxy Digital, led by a team of top cryptocurrency and digital asset experts including David Namdar, a founding partner of Galaxy Digital, and Michael Terpin CEO of Transform Group, among others.

Earlier this year, Sheesha Finance raised USD 9.4 million in investment following a two-week liquidity generation event (LGE).

The Sheesha team has investment partnerships with TeraBlock, Zignaly, Base Protocol, Plasma Finance and Royale Finance, to name a few.

About MRHB DeFi:
MRHB DeFi is a halal, decentralised finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Shariah into those tenets of blockchain to render a suite of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are governed primarily by the ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (‘IF’ as it is commonly known).

The diverse team is comprised of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

Read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here: https://marhabadefi.com/info-centre.php

MRHB DeFi Official Channels:
Website: https://marhabadefi.com
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg
Medium: https://marhabadefi.medium.com
LinkedIn: https://www.linkedin.com/company/marhabadefi

About Sheesha Finance:
Sheesha Finance is the leading decentralized DeFi mutual fund allowing for premium cryptocurrency portfolio diversification and rewards. Sheesha Finance rewards investors of any size, from small to large ticket holders, with unlimited DeFi tokens from a diversified portfolio of projects. Sheesha Finance’s easily convertible assets can be freely utilized to maximize rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed decentralised autonomous organization (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.

Sheesha Finance Official Channels:
Website: https://sheeshafinance.io
Twitter: https://twitter.com/SheeshaFinance_
Telegram: https://t.me/Sheesha_Finance
Medium: http://sheeshafinance-io.medium.com
YouTube: https://www.youtube.com/channel/UCOJlCe_sLTBfYz05l6DFbAg

MRHB DeFi and Coinsbit India Partner to Bring Halal Crypto to India’s 200 Million Muslims

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Melbourne, Australia, Aug 30, 2021 -/DailyVoice/- The world’s first halal DeFi ecosystem MRHB DeFi is collaborating with leading Indian cryptocurrency trading platform Coinsbit to bring crypto-asset opportunities to India’s huge population of 200 million Muslims, driving further participation in the blockchain economy.

MRHB DeFi’s vision of an inclusive crypto-verse, follows Islamic ethical finance principles but is suitable for those looking for a socially conscious blockchain that avoids interest, usury, exploitation and other business practices deemed unethical.

Being Halal means that MRHB DeFi operates within the highly ethical constraints of Shariah law which broadly implies that all business decisions are conducted in conjunction with Islamic teachings which promote inclusion, access, and faith, and function simply and transparently for the benefit of its users.

A Visionary Partnership to Serve 200 Million Muslims

India is home to 200 million Muslims constituting 10% of the global population and is the world’s third-largest Muslim community. This group is often excluded from the cryptoverse due to their faith-driven principles regarding financial and business conduct.

What this partnership means:

  • Coinsbit would be the first Indian exchange to introduce a certified Shariah-compliant project to the Muslim Community. MRHB will conduct an initial exchange offering (IEO) on the Coinsbit Exchange during launch and introduce the blockchain’s native token, $MHB (Marhaba Token), to the global community
  • Coinsbit is headquartered in Hyderabad which is geographically close to the large metropolitan community of Hyderabad & Bangalore that has a sizable of Muslim population
  • MRHB DeFi will integrate Coinsbit’s portal with its app (Sahal Wallet), enabling users to directly use Coinsbit for trading crypto-assets.
  • Coinsbit will give the users a trading platform, where $MHB (Marhaba Token) would be available to the Indian Community
  • MRHB DeFi would also lead marketing activities for the exchange in the fast-growing Australian market
  • Both the partners will gain substantially from each other’s marketing and community growth activities

A Shared Mission for an Inclusive Cryptoverse

“Blockchain and DeFi have exploded in popularity in 2021, and we forecast this stratospheric growth to continue. That’s why we’re excited to be teaming up with one of India’s premier cryptocurrency exchanges to offer MRHB DeFi products and services to everyone across the Indian subcontinent who are looking for a true, ethical alternative to the existing platforms in the cryptoverse,” says Naquib Mohammed, MRHB DeFi Founder & CEO.

“Blockchain offers amazing potential for all communities. We aim to deliver this potential to those who may have previously struggled to access or been cautious to use DeFi products and services. We also hope to provide them with all of the rich opportunities for growth, expansion and development that DeFi offers,” adds Naquib.

“We’re excited about embarking on this shared journey with MRHB. Islamic DeFi and Shariah-based crypto financial products are an area of extraordinary growth and potential for India. We’re committed to delivering MRHB DeFi’s visionary range of services and products to our clients across our continent,” says Ravneet Kaur, CEO of Coinsbit India.

She continues, “The time is right for a blockchain project that is based on the tenets of faith, inclusion and access for all, while being transparent and simple to use. MRHB DeFi has demonstrated to us that they are committed to a long-term vision for ethical people around the world no matter what their faith is.”

Asian countries are outpacing the rest of the world in terms of cryptocurrency adoption and India has ranked second in the global cryptocurrency adoption index, according to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis. Indians have invested more than five times the amount of the previous year and the momentum is encouraging.

Crypto adoption is on the rise in India and the Indian exchanges WazirX, CoinDCX and Coinswitch Kuber have doubled their user base between January and March 2021.

Coinsbit India started its operations recently and has already captured market attention by onboarding a million users in around three months.

About MRHB DeFi:
MRHB DeFi is a halal, decentralised finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Shariah into those tenets of blockchain to render a suite of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are governed primarily by the ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (‘IF’ as it is commonly known).

The diverse team is comprised of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

Read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here: https://marhabadefi.com/info-centre.php.

MRHB DeFi Official Channels:
Website: https://marhabadefi.com
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg
Medium: https://medium.com/@marhabadefi
LinkedIn: https://www.linkedin.com/company/marhabadefi

About Coinsbit India:
Since its inception in 2017, Coinsbit has been one of the most trusted exchange platforms for cryptocurrency traders from around the world. Coinsbit India aims to become the leading trading platform for the Indian market, which is just beginning to realize the potential of cryptocurrencies. It always works according to the guidelines set by the government of India. Coinsbit India is committed to providing a service, reliability and convenience that cannot be matched by any other platform, and as one of the world’s largest cryptocurrency exchanges, is proud to represent India.

Coinsbit India Official Channels:
Website: https://coinsbit.in
Telegram: https://t.me/CoinsbitIndiaChannel
Twitter: https://twitter.com/CoinsbitIndia
Facebook: https://www.facebook.com/CoinsbitIndia
Instagram: https://www.instagram.com/coinsbitindia