MRHB to Release Major Halal DeFi Solutions for Passive Crypto Income, Commodity Exchange & Staking | by The Capital | The Capital | Jun, 2022

“Disclaimer: The Capital has received payment in exchange for writing this article.”

Dubai, United Arab Emirates, June 10th, 2022 — Ethics-focused decentralized finance platform MRHB.Network has announced three world first product/feature launches together with dozens of new enhancements to be added to their halal DeFi platform in the next six months. This announcement comes along with over a dozen more developments to be added from August onwards, which pave the way for four other major products to be launched next year.

“MRHB DeFi Network has a very strong roadmap to rapidly build out a full-featured DeFi ecosystem of ethical and halal finance solutions. The developments we are rolling out this summer will bring a wide array of functionality and utility to our platform, which we are very excited to present to our community,” said Naquib Mohammed, the project’s CEO and founder.

Track live crypto price of 10000+ coins!

,” declared Naquib.

The two new but highly anticipated crypto wealth products launching in Q3 — Q4 include

Architect of the MRHB DeFi solutions, Deniz Dalkilic, CTO of MRHB, explained:

Many income products in crypto rely on interest-based borrowing and lending strategies which are seen as usurious and possibly exploitative in the ethics focused ecosystem.

Deniz continued, “Instead, we will use a very different approach for our end users where they can harvest rewards from the different underlying protocols that are deemed halal by the SGB. The Harvester will also provide the option of manual (active) or automated (passive) functions and if you participate in the staking program, you can access better options or are given early access to certain VIP strategies, as well as many other perks based on your locked amount and tier. For M.I.R.O., the rewarding of locked-up tokens is based on a staking model with tiered incentives.”

The MRHB community can also look forward to the pioneering ‘CommDex’ feature, a decentralized exchange for commodity-backed tokens, which will be accessible via the Sahal Wallet, the world’s first self-custodial multi-chain wallet made specifically to hold halal tokens.

“With CommDex, we are tokenizing physical-backed gold and silver — ,” said Deniz. “Starting with the universal wealth preservation solutions of gold and silver, we will be expanding to other physical commodities such as wheat, corn and iron.”

A summary roadmap for the developments starting in May into the next few months is as follows:

  • — Token display and a backend upgrade for Shariah coins API and admin panel; NFT reporting added; Version 1 (active management)
  • — Price charts and integrations with Avalanche and NFTs; a referral program; — testing, auditing and staking integration; — development of staking tokens and voting contracts and a UI portal
  • launch with gold and silver tokens — integrations with Bitcoin, Fantom and RSK. — Fantom integration, a fiat onramp, GAN-based art tools, suggestive searching; Version 2(passive) — UI upgrade
  • — in-wallet staking, NFTs and incentivized tiers; — a gamification mining tab, reversible transactions, localization to five new languages, multiple wallets capability, integrations with r Version 1, ZKSync and Arbitrum; — a unique NFT checker and reverse image lookup; Version 2 — testing, auditing and staking integration
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Khalid Howladar, who leads the Advisory Board at MRHB, noted, “.”

The Road to Marhaba, the World’s First Halal DeFi Platform

MRHB — pronounced ‘Marhaba’, meaning ‘welcome’ in Arabic — was founded to serve over 1.8 billion people concerned about making ethical financial decisions — a first in the industry. This includes the world’s Muslim population, a demographic representing a massive US$3 trillion market that was previously excluded from the cryptocurrency space due to a lack of halal options in the industry.

MRHB DeFi Network fills this need by putting every token, product and service on its platform through a rigorous halal vetting process, ensuring ethical business practices are followed every step of the way.

The company launched their MRHB token in December 2021 in an oversubscribed IDO that brought in over US$5.5 million in funding. Over 85 percent of their investors are members of their own enthusiastic community of over 60 thousand supporters coming from 106 different countries.

Last month, MRHB DeFi Network won the Global Brand Awards for “Best New Islamic Crypto Platform’’ (Crypto/FOREX category). The MRHB token was also featured on Nasdaq and InvestorPlace as a “killer crypto” in January 2022 and March 2022. In another first, Shariah Experts launched the world’s first NFT-based halal certification on MRHB’s SouqNFT platform.

MRHB’s ambitious product launch roadmap for 2023 which will see four major products and services added to the platform. These include:

  • Interest-free crypto financing to provide decentralized access to halal loans that avoid usury
  • An entrepreneur launchpad to provide a gateway for the less fortunate to realize their dreams
  • A whole platform dedicated to decentralized philanthropy (DePhi)
  • Decentralized autonomous governance (DAG) for end-to-end financial transparency

Following the launch of these four products, Marhaba plans to migrate to their own Layer-1 blockchain.

MRHB DeFi Network’s vision is supported by a number of partners and investors, including Polygon Technology, Sheesha Finance, Australian Gulf Capital, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital Assets, ZKSync, Acreditus Partners, EMGS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, amongst others.

About MRHB DeFi Network

MRHB DeFi Network is a halal, decentralized finance platform built to embody the true spirit of “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 comprises researchers, technocrats, influencers, Islamic fintech experts, business entrepreneurs and industry professionals, who have all come together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between faith-conscious communities and the blockchain world.




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