Marhaba Defi is a decentralized finance platform that offers interest-free financial solutions and halal crypto asset opportunities, specifically designed to cater to faith-based and unbanked communities. By utilizing blockchain technology, it provides a secure ecosystem for ethical financial transactions, addressing the lack of accessible and compliant financial services in traditional banking systems.
Funding
$5.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many faith-based and unbanked communities are excluded from traditional finance due to a lack of accessible and ethically compliant financial services. Existing decentralized finance (DeFi) platforms often fail to adhere to Islamic principles, limiting opportunities for these communities to participate in the Web3 economy.
Solution
MRHB DeFi Network provides a comprehensive ecosystem of halal-certified DeFi solutions, offering interest-free financial products and ethical crypto asset opportunities. The platform caters specifically to faith-based and unbanked communities, ensuring compliance with Islamic principles and Sharia law. Through its multi-chain Sahal Wallet and decentralized exchange (DEX) TijarX, MRHB enables users to engage with tokenized commodities, halal NFTs, and other DeFi offerings in a secure and transparent environment. By integrating ethical considerations and community governance, MRHB aims to bridge the gap between faith-conscious communities and the blockchain world, fostering financial inclusion and empowerment.
Target Audience
The primary target audience includes individuals within faith-based communities, particularly Muslims, and the unbanked population seeking ethical and Shariah-compliant decentralized financial solutions.
Features
- Sahal Wallet: A non-custodial, multi-chain wallet that filters out interest-based coins, tokens, and protocols, listing only halal crypto projects
- TijarX: A decentralized exchange for trading tokenized commodities, such as gold and silver, backed by real-world assets
- Souq NFT: A marketplace for halal NFTs, ensuring digital art, calligraphy, and other media adhere to ethical rulings set out by the Shariah Governance Board (SGB)
- M.I.R.O.: A halal staking platform based on the Islamic concept of Ju’alah, rewarding users for participating in governance and voting on proposals
- EMPLIFAI: A liquidity harvester that utilizes a Mudarabah (profit-sharing) model to generate returns from trading fees, incentivized rewards, bridge protocol fees, and arbitrage opportunities
- Shariah Governance Board (SGB): An in-house team of Shariah scholars that continuously monitors and supervises the platform's operations to ensure halal compliance
- NFT Halal Certification: Authorizes, authenticates, and ensures the validity of NFT certifications for businesses adhering to Islamic law