Marhaba 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 & Theology.
Marhaba in Arabic means “Welcome” - and this is our mission to welcome you to a world full of finance opportunities.
Marhaba Decentralized Finance Platform (MDFP) was started with the vision of bringing a “Muslim also” platform, rather than making it an exclusive “Muslim only” offering.
By encouraging the flavour of Participation finance, MDF aims to standardize the Shariah-compliant trade through a user-friendly interface that streamlines complex scenarios.
Through our technical expertise and extensive knowledge of how the Islamic ecosystem works, Marhaba DeFi will be successful in bridging the gap between the Muslim Community and the Blockchain world.
Playing a crucial role in the Marhaba ecosystem are smart contracts, the self-executing piece of code ensuring that certain rules are met during the execution of a trade. Considering the principles of Islamic trade, these smart contracts have been leveraged to ensure that those principles are upheld while trading with cryptocurrencies. These smart contracts not only enable the implementation of specific business use-cases but also ensures that the whole mechanism is honest and fair.
Marhaba DeFi is a platform built to promote the true spirit of an “Inclusive DeFi” by promoting participation finance, where all communities, including the ones from the Islamic World, can benefit from the benefits of DeFi. Based on the core principles of Blockchain such as trust, transparency, and security, Marhaba DeFi has focused on encapsulating the principles of Shariah in Blockchain.
A non custodial wallet, that has a trusted framework of a “filter” layer that allows only sharia screened tokens and NFTs to be stored, transacted, and managed by the user.
The Wallet will encompass shariah governed defi functionalities to enable users to participate in charity and zakat, all in crypto There will be innovative functionalities enabled as per the roadmap, like – Wallet Holder Offering (WHO)
A decentralized Crypto Trading, a Sharia compliant Liquidity Farming and Staking - all at one place.
The Marhaba investment buckets symbolize different strategic approaches adopted by the Marhaba platform to invest in the DeFi space. Each investment bucket follows a distinct strategy from other buckets with the objective to minimize the risk and maximum returns on investments.
The first bucket will be for investment in the shariah compliant native tokens of promising dApps built on Ethereum ecosystem and holding the assets for possible appreciation in the value The second bucket will be for investment in those shariah compliant ERC-20 tokens that can earn highest yields in the DeFi space
Marhaba Platform will host an open marketplace built on the Binance Smart Chain to encourage and promote Islamic Arts and contemporary Calligraphy, and that would be a “no-code” platform to enable the creation of NFTs. An artist will have the option to create & upload his artwork to the app, and the smart contracts lying under the hood, will convert the uploaded file into an NFT.
To promote and encourage the growth of the overall crypto ecosystem, MDFP users will have the option to send a portion of their portfolio value in crypto, to partner charity organizations. MDFP will provide open, transparent and decentralized Charity (DeCha) solutions
Marhaba DeFi will be free from interest/usury (Riba), excessive risk (Gharar), and financial transactions which are similar to gambling (Maysir).
Additionally, the smart contracts used in the Marhaba platform are set to disallow the use of an asset in any business for transaction or trading that is unlawful from the Shariah perspective. The supervision of duly experienced and highly qualified in-house Shariah advisors will ensure that the activities on the platform are Shariah-compliant. Marhaba DeFi will be free from interest/usury (Riba), excessive risk (Gharar), and financial transactions which are similar to gambling (Maysir).