MARHABA DEFI AS A PLATFORM OF FAITH AND FINANCE
Decentralized finance, DeFi is an umbrella term for a variety of applications and projects in the public blockchain space geared toward disrupting the traditional finance world. Inspired by blockchain technology, DeFi is referred to as financial applications built on blockchain technologies, typically using smart contracts. Smart contracts are automated enforceable agreements that do not need intermediaries to execute and can be accessed by anyone with an internet connection. DeFi consists of applications and peer-to-peer protocols developed on decentralized blockchain networks that require no access rights for easy lending, borrowing, or trading of financial tools. This initiative has real impact in bringing into reality a project like “MARHABA (MRHB) DECENTRALIZED FINANCE PLATFORM” which is about faith and finance.
Marhaba is building the first Market ready Ethical and truly decentralized financial platform that open a wide range of opportunities to large number of Muslim communities. Ethical which means interest-free, asset-backed, and lower risk with aim to inculcate these principles in the product, while still upholding the values of decentralization. This is a platform with uniqueness of an emerging financial technology based on secure distributed ledgers like those used by cryptocurrencies. The system removes the control banks and financial institutions have on money, financial products, and financial services. DeFi refers to financial applications built on blockchain technology that enable digital transactions between multiple parties. The blockchain is essentially a public ledger for digital assets, including cryptocurrencies. DeFi can involve lending crypto, sending crypto or investing crypto.
Marhaba with their token MRHB is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive Defi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of Defi. This is indeed a platform with safe and user-friendly mechanism which provides regular and frequent interest free Defi, NFT and crypto asset. MRHB DeFi brings the first shariah-compliant solution to the world of decentralized finance. It is powered by a team of dedicated experts in the fields of finance, technology and Islamic finance and theology. Marhaba DeFi’s purpose is to bring Shariah ethics to the DeFi ecosystem by providing a trustworthy and transparent DeFi system for both the Muslim and the Western cultures, in order to help them benefit from the marriage of DeFi innovation and the ethical practices found in Islamic Finance.
ADVANTAGES OF MARHABA
· This platform analyzes multiple Dex within multiple chains to reduce transactional fees which is a unique advantage to users.
· This also initiate front running and slippage that facilitate optimal trading conditions on the Marhaba platform.
· Multi-currency wallet that only holds Shariah-compliant tokens, and a multi-chain NFT platform.
· This is a prominent platform in the Islamic DeFi world that supports the sustainable development goals, having signed the crypto climate accord to support green crypto.
In conclusion, Marhaba brings the first world shariah compliant Defi platform that is fully backed by blockchain which will give Muslims around the world opportunity to become cryptocurrency inclined and aligned. The unpredictability of cryptocurrencies makes them initially unacceptable to Muslim faithful’s and made the adoption of cryptocurrencies in many Muslim countries poor due to lack of clarity around shariah status on crypto assets an interest-free solution when trading crypto assets, and ensuring trades are free of excessive uncertainties.
For More Information about this: https://mrhb.network
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