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For some time now, there has been a separation between the Muslim world and the world of the Blockchain because the former is very important to comply with Sharia law (Islamic law, which is the set of rules governing the lives and behaviours of Muslims) and the DeFi (open financial ecosystem where various small financial tools and services can be built on a decentralized basis). This has caused most of the platforms that make up them to be “Muslim only”.
MRHB DeFi brings the first Sharia-compatible solution to the world of decentralized finance, closing the gap between the Muslim community and the Blockchain world. Its main premise is that it guarantees “inclusive DeFi” by allowing the Islamic community to reap the benefits together with the rest of the world without losing the basic principles of Blockchain: trust, transparency and security.
The platform also includes very attractive services and products, including:
Sahal Wallet, which works for iOS and Android and serves as a gateway that allows users to interact with any MRHB offerings. This wallet is non-custodial and is built with security and privacy in mind, while its Shariah filtering technology allows the user to only store, transact and manage compatible tokens.
Souq NFT: Allows Sharia compliant artists to upload their works and you will become an NFT through smart contracts.
Liquidity Mining: A form of passive income that allows users to deposit and move their funds across a cross-chain to find and place their investments in the most lucrative liquidity funds in the Crypto universe.
4. It has a beneficial Interest-Free Loan and Borrowing Protocol based on Shariah compliance that allows the user to lend or borrow decentralized, transparent and secure cryptographic assets.
Cross-Chain Launchpad: Provides decentralized funding for building blockchain space startups, completely secure and bots-resistant.
These are just some of the benefits of MRHB DeFi, but the main one is that thanks to its commitment to ethics it will be much more impenetrable to the scams that are so common in the blockchain world. In addition, due to the characteristics of Shariah, it will be free of interest/usury (Riba), excessive risk (Gharar) and financial transactions similar to gambling (Maysir).
Disclaimer: I am not an economic advisor, what I present in this blog is only my opinion and should in no way be taken as something different. Any decision you make regarding the investment of your funds is done at your own risk and responsibility.
