Melbourne, Australia, October 5, 2021 – Community-focused DeFi ecosystem MRHB DeFi is partnering with Canadian venture capital fund Contango Digital Assets to expand its reach, offerings and services beyond crypto-fluid to excluded communities worldwide.
Contango has made a strategic investment in MRHB DeFi and will work with the MRHB DeFi team, providing expertise and experience in a variety of areas. The partnership will also support collaboration with Influx marketing leaders in the blockchain space, the Influx Group.
Faith-based, excluded communities, an untapped opportunity
The partnership aims to expand the reach of MRHB DeFi beyond crypto-natives to attract new users and communities drawn to a more ethical and faith-based vision.
“This important community has struggled to participate in DeFi opportunities and MRHB is now opening an important door for these people who want to participate in the cryptoversum while staying true to their beliefs. We are happy to be part of it. ” – Contango managing director Mike Grantis.
“We are the first to build DeFi services that solve issues of faith, ethics, exclusion and complexity. Our user-friendly platform offers the same opportunities for everyone, not just those who share our concern, to hold halal crypto assets. With Contango’s support, we will continue our growth and development path within Islamic communities and beyond. ” – Naquib Mohammed, CEO of MRHB DeFi.
MRHB DeFi was founded on the principle of taking societies and communities unfamiliar with decentralized finance into space and is particularly focused on providing Halal DeFi services that are in line with the tenets of Islamic beliefs such as: . B. Business practices that include interest, usury, exploitation and other acts considered unethical.
With more than $ 3 trillion in liquidity available in the Islamic financial market, bringing even a tiny fraction of that to DeFi will be a huge step forward in DeFi’s growth worldwide and enable people with no market experience to participate its possibilities.
MRHB DeFi recently announced partnerships with Sheesha Finance, NewTribe Capital, Acreditus Partners, the EMGS Group and Coinsbit India to expand its reach and visibility to blockchain newbies and long-time followers of the cryptocurrency and digital asset industries.
About MRHB DeFi
MRHB DeFi is a halal, decentralized financial platform that embodies the true spirit of “ethical and inclusive DeFi” by following belief-based financial and business principles where all excluded communities can benefit from the full empowerment potential of DeFi.
Based on the principles of the blockchain such as trust, transparency and security, MRHB DeFi has encapsulated universally applicable principles of Sharia law in these principles of the blockchain to provide a range of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are primarily subject to the ethical, integrative, sustainable and charitable investment principles associated with the Islamic faith or “Islamic Finance” (“IF” as it is generally known) are connected.
The diverse team is made up of researchers, technocrats, influencers, Islamic fintech experts, and entrepreneurs who have come together to ensure that MRHB DeFi prevails in a way that impacts society as a whole and essentially bridges the gap between faith-conscious communities bridged and the blockchain world.
Read more about the Shariah Concept Paper, Lite and White Paper from MRHB DeFi here.
Official MRHB DeFi channels
Telegram announcements: https://t.me/marhabadefi_ANN
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russian): https://t.me/mdf_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR
Contango Digital Assets was created to support the financial revolution presented by blockchain and DeFi technology. It invests in innovative projects from all over the world and maintains strategic partnerships with founders who are looking for more than just capital.
Find out more about Contango by visiting the official website or following the fund on Twitter.