HomeNewsMRHB raises Funds for Halal Ecosystem

MRHB raises Funds for Halal Ecosystem

World’s First Halal Decentralised-Finance (DeFi) Ecosystem MRHB DeFi receives Strategic Investment from NewTribe Capital, a venture capital private equity group. This marks the seventh institutional investment in the DeFi ecosystem startup, after the investments from DeFi Mutual Fund Sheesha Finance, Dubai-based angel innovation investors Acreditus Partners and EMGS Group the French Systems Integration company operating in the Middle East since 2003, to name a few.

MRHB Defi’s vision of an inclusive and halal crypto-verse has a concrete foundation. The principles of Ethical Finance support the vision completely. Moreover, the ideology of MRHB is suitable for all those looking for a socially conscious blockchain that avoids interest, exploitation, theft, and other business practices deemed unethical.

Working under the Shariah Law, MRHB can apply an ocean of knowledge and literature of Islamic Finance to ensure the integrity and moral standards typically found in the DeFi space. The principles ensure that the business decisions are conducted in a fair and just manner and hence create a ‘safe place’ for the faith-founded, unbanked communities who are currently excluded.

About MRBH DeFi

MRHB DeFi is a halal, decentralised 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.

MRBH DeFi is a halal, decentralised finance platform built for the sole purpose of embodying the true spirit of an “Ethical and Inclusive DeFi” by walking on the right paths of faith-based financial and business principles. Through which all excluded communities can benefit from DeFi’s potential.

Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has abridged universally applicable principles of Shariah into those tenets of blockchain to furnish a suite of offerings. Thus, it is a complete DeFi ecosystem whose products, protocols, and crypto-assets come under the administration by the ethical, inclusive, sustainable, and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (IF).

Newtribe Capital’s Approach

With a philosophy to ‘Invest in People’, NewTribe Capital delivers a bold approach to investing – they back only the projects they feel add value to the blockchain ecosystem.

“Our philosophy is successful because we invest in relationships, not deals, Deals are simply transactions. We build exceptional relationships with companies that last, collaborating on projects with conviction.”

says Dhaval Parikh, Partner at NewTribe Capital.

Besides investment funds, which will support the continuing technology development and growth of MRHB DeFi, NewTribe Capital will also offer network and cross-marketing support for the DeFi startup.

NewTribe Capital has a portfolio of more than 70 investments with an average ROI of 4.2x and more than USD20M AUM (assets under management). Portfolio investments include Launchpool, Casper Labs, Fractal, to name a few.

NewTribe also has a network of VC partners, media partners, and global influencers, offering a plethora of services like advisory, resourcing, legal and technical support. VC partners include Alphabit, A195 Capital, Draper Dragon, and more.

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