Are you a muslim? Do you follow the rules of Almighty Allah? Are you looking for a Shariah compliant solution in DeFi?
This article is For You.
Today I want to talk about marhaba defi which is first shariah based defi in the world.
Shariah is known as islamic laws. It is a set of devine principles, beliefs and norms. The instruction of Shariah is provided by the almighty Allah. All muslim should obey the instruction of Shariah.
As a muslim you should follow the rules/instruction of Shariah in every aspect of life. In the current era, the blockchain technology and smart contract is developing rapidly. Blockchain technology, smart contract and its popularity is increasing day by day. Many people have the question whether such technology and its usage is permissible from a Shariah perspective. The answer is yes. Such technology development is allowed in shariah, if there is no conflict with shariah.
But all the decentralized finance are not following the shariah rules. There is a high interest system. But interst is not allowed in sariah.
Marhaba DeFi is different from other decentralized finance.
It provides interest free crypto financing. Marhaba is a user-friendly platform which provide maximum access to [interest free] DeFi, NFT and Cryptoasset opportunities.
Marhaba ecosystem is the best decentralize finace ecosystem which is based on the halal investing principles. If you invest on marhaba ecosystem it will be 100% halal. One of the core component of Marhaba ecosystem is Sahal wallet. It is a noncustodial crypto wallet in digital form. You can keep you private key and mnemonic phrase in secure place for your account ownership.
Marhaba has its own governance token which is known as $MRHB. The $MRHB token repersent utility (intangible assets), their private sale is based on the islamic contract of Salam. This $MRHB token offer its holders to vote on decision pertaining to the DeFi. It is a blockchain and smrt contract system and DeFi ecosystem which is launched on Binance Smart Chain with many utilization features.
Marhaba has its own Non- fungible token (NFT).These NFTs is unique, and they can not be subsituted, subdivided and interchanged. This NFT is known as souq NFT. Marhaba optimized portfolio of highly profitable digital assets. It provides liquidity accross chains with minimal slippage.
Independent and autonomous constitution built by MRHB defi and governed by the community.
An innovative "zero interest" based solution collateralized NFT supported by chainlink data feeds. It is a dedicated zero knowledge proof protocol built on the algorithms of quadratic funding proposed by Vitalik, on the Findora network.
Key aspect of Marhaba.
- Prohibition of Riba: It creates an interest free solution to deal with crypto asset.
- Prohibition of Gibarar: It ensures that marhaba deals with transection.
- Prohibition of myshir: It ensures that product offering donot have an excessive element.
- Facilitation of halal transection: It will prohibit unlawful transection. It just allows transection which is permitted in shariah.
- Continuous reviewing and screening of shariah compliant assets: Shariah advisor will regularly sceening and review all the shariah compliant.
This is how Marahba will provide shariah compliant solution.
This project has great prospects. Certainly at the moment, I believe that this is the best project in the cryptocurrency market, it has no equal, especially for muslim people who are engaged in their own business. I am excited to be a part of this, and look forward to these innovations.
For more information, please visit:
Website: https://marhabadefi.com/
Telegram : https://t.me/marhabadefi_ANN
Twitter : https://twitter.com/MarhabaDeFi
Linkedin : https://www.linkedin.com/company/marhabadefi/
Bounty0x username: Moonlit
Nice platform
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Nice content about Marhaba.
As a muslim it is very helpful to me.
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This is why I always usevmarhaba defi.
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This is really a very useful project for muslim
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