MRHB DeFi Network

Overview

MRHB DeFi Network (Marhaba DeFi) is a decentralized finance platform that aims to provide halal crypto services to the Muslim community. The project's stated purpose is to create a suite of shariah-compliant DeFi products and services.

Purpose and Utility

The MRHB token serves as the native utility token of the ecosystem, used for governance, staking in halal ways, and accessing premium features. The platform includes Sahal Wallet (a halal crypto wallet), SouqNFT (NFT marketplace), and other DeFi services designed to be shariah-compliant.

Business Model Evaluation

The business model focuses on providing halal alternatives to traditional DeFi services. The platform explicitly avoids interest-based lending and gambling-related activities. Revenue is generated through platform fees and halal staking mechanisms.

Real-World Adoption

The project has secured partnerships with Islamic organizations and received certifications from shariah advisors. While adoption remains limited, this is not a concern for halal compliance purposes. The platform continues to develop and release new features according to their roadmap.

Token Distribution

Token distribution includes allocations for development, marketing, and ecosystem growth. Vesting periods are in place for team tokens, indicating commitment to long-term development rather than short-term gains.

Technology and Development

The platform operates on the Ethereum blockchain with regular development updates and improvements. The team maintains active communication through official channels and demonstrates ongoing commitment to building halal DeFi solutions.