Melbourne, Australia, 09/02/2021 – World’s First Halal Decentralized Finance (DeFi) Ecosystem MRHB DeFi is proud to announce a strategic partnership with Sheesha Finance, a leading DeFi tokenized mutual fund platform – one of the hottest projects in the industry.
A strategic alliance, a shared vision
The partnership agreement with the United Arab Emirates-based Sheesha Finance includes a strategic investment by the DeFi mutual fund in MRHB DeFi for an undisclosed amount. The partnership will also result in both parties working together alongside mutually beneficial initiatives that align with and promote Islamic Finance business practices. In addition, MRHB DeFi benefits from Sheesha Finance’s premium network and connections.
As an early investor and supporter of MRHB DeFi, Sheesha Finance fully recognizes the vision, ambition and potential of the faith-based DeFi project as well as its first mover benefits in the DeFi space.
“As a decentralized fund, we are always on the lookout for like-minded projects and ideas that advance ethical finance and want to decentralize finance more. We are very excited to partner with Marhaba, a unique DeFi value proposition that does this and much more, ”said Saeed Al Darmaki, CEO of Sheesha Finance.
The founder and CEO of MRHB DeFi, Naquib Mohammed, repeats the opinion:
“Many thanks to the Sheesha team, led by Mr. Saeed, for this strategic investment and partnership opportunity. We are very pleased to have Sheesha Finance as one of our early supporters and partners and look forward to leveraging the team’s expertise and experience in the crypto and DeFi market. This partnership with Sheesha Finance will create new avenues for growth and expansion for MRHB DeFi in its network. “
Unlocking the untapped potential of ethical and inclusive DeFi
MRHB DeFi was developed as an integrative DeFi ecosystem that enables people of all faiths with an ethics-first attitude to benefit from the opportunities available in the decentralized digital asset sector.
Consistent with the core beliefs of Islamic finance, MRHB DeFi follows ethical financial and business principles that avoid interest, usury, exploitation and other business practices deemed unethical.
According to the Population Reference Bureau, the total Muslim world population is growing and is estimated to be 2.2 billion people by 2030.
MRHB DeFi strives to provide exceptional decentralized financial services within a Shari’a-compliant framework that enable its community to participate in a booming sector while adhering to the core tenets of their beliefs.
Founded by investment and financial expert Saeed Al Darmaki, Sheesha Finance is a decentralized mutual fund providing investment solutions for diversification and rewards of crypto portfolios across the DeFi space, which is currently valued at $ 162 billion .
Sheesha Finance is supported across the investment space by Alphabit and Galaxy Digital, led by a team of leading cryptocurrency and digital asset experts including David Namdar, a founding partner of Galaxy Digital, and Michael Terpin, CEO of Transform Group.
Earlier this year, Sheesha Finance raised $ 9.4 million in investments following a two-week liquidity generation (LGE) event.
The Sheesha team has investment partnerships with TeraBlock, Zignaly, Base Protocol, Plasma Finance and Royale Finance to name a few.
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
About Sheesha Finance
Sheesha Finance is the leading DeFi decentralized mutual fund providing world-class diversification and rewards of cryptocurrency portfolios. Sheesha Finance rewards investors of all sizes, from small to large ticket holders, with unlimited DeFi tokens from a diversified portfolio of projects. Sheesha Finance’s easily convertible assets can be freely used to maximize profits and get involved in existing and upcoming DeFi projects. With plans to become a member-managed Decentralized Autonomous Organization (DAO), Sheesha Finance is committed to maintaining full transparency and integrity in the DeFi space.
Official Sheesha Finance channels