Support from Blockchain Australia for MRHB DeFi

Support from Blockchain Australia for MRHB DeFi

By Bit Media Buzz | Bit Media Buzz | 21 Oct 2021


Melbourne, Australia, Oct 19th, 2021 Blockchain Australia has made strategic investments in faith-based, ethical Halal DeFi project, MRHB DeFi. This is a move to grow and broaden decentralized Islamic Finance startup’s base down under. Ralph Kalsi, CEO and Founder of Blockchain Australia expressed solidarity with the DeFi 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.”

This initiative should help bring Australia to the forefront of ethical, community-first decentralized finance. Since less than a year and a half ago, DeFi has grown in popularity and size from a market with a total value locked of USD1 billion 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.”

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.

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.

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.

MRHB DeFi Official Channels

Website: https://marhabadefi.com

Twitter: https://twitter.com/marhabadefi

Telegram: https://t.me/mdf_official

Medium: https://medium.com/@mrhbdefi

LinkedIn: https://www.linkedin.com/company/marhabadefi

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