Tag Archives: mrhb defi

MRHB DeFi Backed by Polygon Technology to Build New Decentralised Philanthropy Protocol DePhi in World’s 1st Halal Ecosystem

Posted on by

Melbourne, Australia, November 19, 2021 -/DailyVoice/- Ethereum’s biggest DeFi chain Polygon and ethical DeFi platform MRHB DeFi are leading the charge on the next big thing in DeFi — decentralized philanthropy — or DePhi for short which is estimated at over USD 300 billion each year in Muslim countries alone with around USD 1.5 trillion in assets held by around 160,000 foundations globally.

“Polygon has become one of the leading full-stack scaling solutions for Ethereum, given its speed and scalability,” says Deniz Dalkilic, MRHB DeFi CTO. “As Marhaba strives to achieve its end goal of building a comprehensive, secure and scalable ecosystem where liquidity is a priority, we are thrilled to announce our integration with Polygon. To expand our presence on Polygon we have received a grant from Polygon to optimise our solutions for their network.”

The Polygon team has been enthusiastic in its support of the ethics-based startup, recognizing that MRHB DeFi is the first Islamic finance d’App. Polygon has agreed to support MRHB DeFi’s plan to develop a sidechain solution that opens up DeFi to millions globally. The two parties have recently signed an agreement which puts into writing their aim to bring philanthropy to the crypto space, stating that:

  • MRHB DeFi intends to build its DePhi (Decentralised philanthropy) protocol on Polygon technology, which would be a dedicated philanthropy protocol based on funding social initiatives for the benefit of the community, using the quadratic funding model.
  • With this solution, MRHB intends to catalyse the crypto philanthropy ecosystem, with focus on being the first mover in channelling the annual Zakat contributions of the Islamic World (est. USD 300 billion annually)

Quadratic funding is a technique that applies mathematics to ensure the optimal funding – more democratic, more scalable – of community and social, charitable initiatives.

Bringing Philanthropy – a Key Pillar of the Islamic Faith – to DeFi
DePhi forms a key part of MRHB DeFi’s strategic plans for its protocol. As part of MRHB’s approach to supporting a more ethical and community focused approach to decentralized finance, DePhi seeks to bring a key pillar of the Islamic faith — charity or zakat — to what is still a sector driven by self-interest. Once the DePhi protocol is implemented, MRHB DeFi users will have the option to send a portion of their crypto asset wealth to charities which would be linked to the platform, thus fulfilling their voluntary or faith-driven obligations.

End users who wish to donate will be able to deposit funds and generate rewards via trading fees on liquidity pools created by MRHB DeFi. After depositing the donation, assets would be locked for 60 days before being distributed to one of pre-approved charities nominated by the donor.

In addition, MRHB DeFi will set aside five percent of its DAO treasury to be invested in these pools as a form of crypto endowment, as such, this will generate wealth in perpetuity for charitable causes.

CTO Dalkilic adds: “Decentralized philanthropy represents a significant step forward in sharing the benefits of DeFi globally and allowing for community- and public good- focused initiatives to be supported from the cryptoverse. Polygon is one of the most respected projects in the crypto space, and we’re excited to align our vision of using DeFi for good causes, with theirs.

“Being the first d’App on Islamic finance, we have received strong support from the Polygon team to bring the project to the community. Polygon is the latest in a long line of partnerships we are fostering and developing as we work to grow our vision of an ethics-first platform and project.”

MRHB DeFi recently partnered with Ethereum scaling and privacy engine zkSync, a leading ZK-Rollup solution for Ethereum. It has also received strategic investments and backing from Blockchain Australia, Mozaic, Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners, EMGS Group, MKD Capital and Sinofy Group.

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.

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.

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/@mrhbdefi
LinkedIn: https://www.linkedin.com/company/marhabadefi
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russian): https://t.me/marhabadefi_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR

About Polygon:
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

MRHB DeFi Partners Ethereum L2 Scaling Chain zkSync to Power Halal DeFi Platform

Posted on by

Dubai, UAE, October 28, 2021 -/DailyVoice/- MRHB DeFi the world’s first inclusive and ethical DeFi platform is integrating the Ethereum scaling solution zkSync, developed by software experts Matter Labs.

The move will mean that the MRHB DeFi ecosystem will benefit from the low transaction fees zkSync enables, while developers will be able to utilize zkSync technology on the platform’s architecture to improve efficiency, speed, scalability, security and privacy.

ZK RollUp solves Ethereum Scalability with Zero Security Compromises
zkSync is an innovative technology that is already live on the Ethereum mainnet. It allows for extremely low transaction fees, relies on a trustless protocol, and keeps funds cryptographically secure. Transactions use zero-knowledge proofs and on-chain data availability to keep users’ funds safe, with computation and storage being performed off-chain.

“At Marhaba, we strongly believe zkSync will lead the way as a ZK-RollUp solution for Ethereum,” said Deniz Dalkilic, CTO of MRHB DeFi. “Given its ability of 100% Solidity compatibility, fast finality with low fees while having the ability to secure unlimited amounts of TVL($), it makes it the perfect L2 solution for DeFi.”

Built on ZK Rollup architecture, zkSync ensures that it strictly inherits the security guarantees of the underlying L1. Unlike sidechains, Rollup validator(s) can never be corrupted. Smart-contract friendly, exchange friendly, the technology allows for contract-interoperability and atomic swaps on different exchange protocols and even includes native support for NFTs.

MRHB CTO Dalkilic highlighted that Vitalik Buterin has declared that “in the medium to long term, ZK rollups will win out in all use cases as ZK-SNARK technology improves.”

The technology is already in use by a wide range of leading blockchain projects, including Curve, Argent, and Balancer, and was supported in its ecosystem funding round by leading names in the blockchain space, including Binance, Huobi, Coinbase and many more.

An Ethical and Inclusive DeFi Vision
MRHB DeFi was founded with a vision of providing greater access to the growing opportunities and utilities of the cryptoverse for excluded and cautious communities, and has a particular focus on delivering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many of which align with the United Nations Sustainable Development Goals. Such business practices include those that avoid interest, usury, social exploitation and other acts deemed unethical as well as support sustainability, asset/utility backed financing, transparency and equitable risk/reward sharing.

With the Islamic Finance industry sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

MRHB DeFi has also received strategic investments from Blockchain Australia, Mozaic, Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners and EMGS Group.

About MRHB DeFi:
MRHB (pronounced ‘Marhaba’) DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.

The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and 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/@mrhbdefi
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 zkSync:
zkSync is taking a cryptography-first approach to scaling blockchains and spearheading the scaling revolution by offering the cheapest token transfers on Ethereum. Next, they are launching general programmability, EVM-Compatibility, and off-chain data availability for a seamless developer and user experience, for the lowest transaction fees.

Website: http://zksync.io
Medium: https://medium.com/matter-labs
Twitter: https://twitter.com/zksync
Telegram: https://t.me/zksync_community
Discord: https://discord.com/invite/px2aR7w

MRHB DeFi Gets Support Down Under from Blockchain Australia

Posted on by

Melbourne, Australia, Oct 21, 2021 -/DailyVoice/- In a move set to broaden the appeal of decentralized Islamic Finance down under, ethical and faith-based MRHB DeFi has been backed by Australian Institutions such as Blockchain Australia.

Blockchain Australia is a Melbourne-based technology products and services company that provides industry and company-specific blockchain solutions for startups and entrepreneurs, investors, corporate teams, and venture capitalists and at the same time encourages new ideas by incubating them with the required guidance and mentorship.

The blockchain firm made strategic investments in MRHB DeFi, a halal ecosystem DeFi platform built on Islamic principles of fairness and benevolence. It aims to bring an ethical, community-first focus to the world of decentralized finance, which has grown in popularity and size from a market with a total value locked of USD1 billion less than a year and a half ago, to USD220 billion today.

“I would like to thank Blockchain Australia for their support,” said MRHB DeFi CEO Naquib Mohammed. “It is crucial for us to work with organisations that are in a position to help shape the way blockchain and decentralized finance can develop in Australia. I look forward to working with Blockchain Australia to forward our shared goals, and deliver an ethics-focused brand of blockchain to Australia and beyond.”

Ralph Kalsi, CEO and Founder of Blockchain Australia, expressed solidarity with the vision of the ecosystem startup: “We believe in Marhaba’s vision, which is a unique offering encompassing Islamic trading principles with smart contract-based transparency and open not only to the Islamic community but to the entire world – a laudable ethical cause that has motivated us in Blockchain Australia to back the initiative and help ensure its success.”

Ethical, Inclusive and Transparent DeFi Ecosystem
MRHB DeFi was founded with a vision of providing greater access to excluded and cautious communities to the growing opportunities and utilities of the cryptoverse, and has a particular focus on delivering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many of which align with the United Nations Sustainable Development Goals. Such business practices include those that avoid interest, usury, social exploitation and other acts deemed unethical as well as support sustainability, asset/utility backed financing, transparency and equitable risk/reward sharing.

With the Islamic Finance industry sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

Besides Blockchain Australia, MRHB DeFi has also received strategic investments from Mozaic, Contango Digital Assets, Influx Group, NewTribe Capital, Sheesha Finance, Acreditus Partners and EMGS Group.

About MRHB DeFi:
MRHB (pronounced ‘Marhaba’) DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.

The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and 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/@mrhbdefi
LinkedIn: https://www.linkedin.com/company/marhabadefi
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russian): https://t.me/marhabadefi_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR

MRHB DeFi Receives Strategic Investment from Mozaic, New World Group’s Technology Investment Arm

Posted on by

London, United Kingdom, Oct 15, 2021 -/DailyVoice/– Community-focused DeFi platform MRHB DeFi has received a strategic investment from London-based investment platform Mozaic to support its transformative vision of bringing the value of the cryptoverse to financially excluded communities around the world. Mozaic is part of New World Group – a global diversified investment company with more than USD 2.5 Billion of group assets-under-management.

The UK presents a key opportunity to nurture a financially inclusive cryptoverse and this investment is aimed at expanding the reach of MRHB DeFi beyond its core Asia and Middle East base to support the engagement of new UK users and communities who are seeking a more ethical and or faith-based approach to crypto market participation.

“With a current market capitalisation of USD 2 trillion and growing – the crypto asset space represents an exciting growth opportunity for us and MRHB DeFi’s focus on ethical and inclusive finance resonates strongly with Mozaic’s investment thesis,” says New World Group Partner Sonny Gupta.

“The strength and commitment of the MRHB team made them natural partners for our inaugural investment into the decentralised finance sector,” he adds.

“Mozaic’s investment focus on robust and scalable technology businesses with a mindset of long-term value creation, made them natural partners for us as we build the world’s first ethical DeFi platform” says MRHB DeFi CEO Naquib Mohammed.

“The UK represents a key strategic investor community for MRHB DeFi – and one which we hope to engage better with high quality institutional partners,” he also notes.

MRHB DeFi was founded with a vision of providing greater access to excluded and cautious communities to the growing opportunities and utilities of the cryptoverse, and has a particular focus on delivering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many of which align with the United Nations Sustainable Development Goals. Such business practices include those that avoid interest, usury, social exploitation and other acts deemed unethical as well as support sustainability, asset/utility backed financing, transparency and equitable risk/reward sharing.

With the Islamic Finance industry sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

The investment from Mozaic follows investments from Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners and other institutional investors.

About MRHB DeFi:
MRHB DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.

The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and 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/@mrhbdefi
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 New World Group & Mozaic:
New World Group is a global diversified investment company with offices in London and Kuala Lumpur. The firm builds, acquires, invests, and scales businesses focusing on long-term growth. New World Group adds value to its partners and portfolio companies through origination and execution to value realisation.

New World Group and its businesses, including Mozaic, take a global perspective across sectors in which they act as investors, operators and business builders with offices and partners across the world’s most exciting, high growth markets. The company has made 15+ investments to-date and manages more than USD 2.5 billion across 25 countries.

Learn more about New World Group by visiting its official website: https://nwgp.com/#TheFirm

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

Posted on by

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.

MRHB DeFi Opens Up Private Sale Rounds to its Community Members

Posted on by

Dubai, UAE, Oct 8, 2021 -/Dailyvoice/- Socially conscious and ethical DeFi ecosystem MRHB DeFi is democratizing access to its private sale by allowing its public community members to partake in the pre-public sale rounds. Usually reserved only for the larger and institutional investors, the earlier stage private sale rounds offer early access, with investors able to enjoy privileged pricing.

MRHB’s community has reached 20,000 members in less than four months and to better reward their early supporters, MRHB has eliminated the large minimum participation amount required, in effect, leveling the playing field for smaller investors by offering access at pre-IDO prices. MRHB has officially announced that registration for the Pre-Public Sale Round 1 starts today, 7th October at 1PM UTC.

“In line with our ethos of inclusion, MHRB DeFi is pleased to offer this unique opportunity to our loyal community who has supported us from the beginning,” says MRHB DeFi CEO Naquib Mohammed. “Our inclusive and ethical philosophies promote equitable sharing of opportunities. This applies to our token launch as well as our products, so we stay true to our vision of empowering communities.”

Strategic Investments and Strong Support from Partnerships

Having onboarded institutional investors such as Mozaic of New World Group, Sheesha Finance, Contango Digital Assets and NewTribe Capital, to name a few, the DeFi ecosystem startup has received strategic investments which also comprise partnership support in various areas including advisory, marketing, networking, amongst others.

MRHB is currently developing eight different Shariah-compliant DeFi products, with the first being its Souq NFT, an NFT creation platform and marketplace which supports multi-chain solutions.

Closely following the launch of the Souq NFT would be the Sahal Wallet, a multi-asset, non-custodial wallet that makes it easy to invest in halal crypto assets with in-built shariah-screening.

MRHB DeFi was founded with a vision of bringing societies and communities not familiar with decentralized finance into the cryptoverse, and has a particular focus on delivering halal DeFi services which adhere to the ethical investment and financing principles of Islamic faith. Such business practices include those that avoid interest, usury, exploitation and other acts deemed unethical.

With more than US$3 trillion of liquidity invested 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 whose total value locked is estimated to be around US$150 billion.

About MRHB DeFi:
MRHB DeFi is a halal, decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities, in addition to existing crypto-natives. Everyone can then benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.

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.

The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, shariah, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and 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

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

Posted on by

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

Posted on by

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

Posted on by

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

Posted on by

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