We are pleased to announce our next AMA on November 16th 2021 at 11:00 AM UTC Time: Satoshi Club x Marhaba DeFi
⚠️Click to see the hour
⚠️Total Reward pool: 500$
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Marhaba DeFi Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 5 questions. Marhaba DeFi Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Marhaba DeFi
For more details:
Marhaba DeFi Website – https://marhabadefi.com/
Marhaba DeFi Telegram – @mdf_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
-“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 & Theology”. Does this mean that the MRHB DeFi platform is designed for the Islamic community only?
-I learnt that the smart contracts used in the MRHB platform are set to prohibit the use of any asset that is unlawful according to Shariah Law. Can you mention some of the assets that are considered unlawful? What are the features of an asset that makes it to be considered unlawful by the Shariah Law?
I found out that the Marhaba DeFi ecosystem development is set out in three phases; “Phase 1 release”, “Phase 2 release” and “Phase 3 release”. Can you mention the features that will be added to the Marhaba DeFi ecosystem during each of these phases? What will be the functions and use cases of the features to be added? Can you give an idea on when each of these phases of development will take place?
-A multi currency non-custodial wallet, the Sahal wallet, is one of the features of Marhaba DeFi ecosystem. Can you mention some of the blockchains that will be integrated in the Sahal wallet? What are the devices that this wallet is compatible with?
-About the SOUQ NFT, can you mention the unique features of this NFT platform? Will the SOUQ NFT platform be integrated in the Sahal wallet? Is there a specific type of art that this NFT platform support? Is there a system that is set up to ensure NFTs in this platform are unique?
Compairing two similar DeFi projects one of which is based on Shariah, please explain in some sentences what changes does it bring to simple users from non islamic countries? How exactly is it reflected on functionality? Have you foreseen a KYC process to comply with Shariah requirements if they are present in the project? Please also explain your vision to the project and DeFi based on Shariah. Thank you!
Governance is considered to be a major body in the whole Marhaba project. This is the reason of creating 3 different governing entities: The MRHB Governance Board, The Shariah Governance Board and the MRHB Community of Stakeholders. Please explain the areas of responsibility of each of them as long as the differencies and structure. How are the members appointed in each entity? Does each of them is considered to overtake a part of security/approval tasks? Thank you!
You will launch an “Entrepreneur Launchpad” which will be used to provide a gateway to the less fortunate to fund their dreams and entrepreneurial goals in a Shariah compliant manner.So when will this Launchpad be made available?Will the funds made be meant for only entrepreneurs of the Islamic Community or is it inclusive of non islamic community?How will you get to support entrepreneurs around the world?Will you host campaigns,live broadcast etc to reach this ones?Please can you kindly tell us more about this launchpad and its features? Thanks
Your SOUQ NFT(sNFT) is a digital marketplace specially made for the Islamic community for things like Islamic Digital Art, Calligraphy and other NFTs that represents Shariah complaint objects.So does that mean those who are not of the Islamic community can not showcase their NFTs in your Marketplace?But if others not of the Islamic community can trade their NFTs in your Marketplace,are there things that are prohibited in the Marketplace place?And what are the Islamic rules of Modesty and Decency you mentioned that users need to follow especially for those artist who want to portray their art for the love of Islamic community? Please Kindly Explain Thanks
I noticed that Marhaba will be holding series of contest in the future but I noticed you recently started 3 contests which is “Slogan Contest”, “Trivia and “Writing Contest”.So can you tell us more about these contests and what they featured?Which one of this Contest is on going so that our Satoshi Club Community can also partake of it?Are there requirements for one to be a winner in the contest?And if all contest has ended can you keep us in the know as regards to when the next contest will be coming up? Thanks
Although Marhaba promotes ideas of global financial opportunities, it seems that your products are intended for a finite number of people who share Islamic ideologies, can you tell us how users of any ideology, religion and culture can participate in what Marhaba has to offer? What differences does being an “ethical” project have with the rest of the crypto projects?
Marhaba DeFi aims to promote an “inclusive DeFi” ecosystem, but what is the scope you plan to give the project? It is not at all a secret that the underprivileged populations of the Islamic World do not have the technology and tools to invest in cryptocurrencies, how is Marhaba going to adapt to such difficult communities? Will you have a mobile application or ambassadors around the world? What are your plans to promote the adoption of the project?
MRHB DEFi – we understand its Ecosystem are Smart Contracts, the Self-executing piece of Code Ensuring that Certain Rules are Met during the Execution of a Trades Considering the Principles of Islamic Trade, with Sahal Wallet being a non-custodial ios and Android Wallet, built to institutional standards with a focus on security and privacy integrated into MRHB’s Shariah filtering Technology that allows only Compliant Tokens to be Stored, Transacted, and Managed by the User. Now my question is, Could you please mention to us enthusiasts about those certain rules that must be Met during Execution of Trade Considering the Principles of Islamic Trade under your Ecosystem? Could also Tell us what kind of Tokens that are not Compliant to your Ecosystem hence your intergretion of MRHB’s Shariah Filtering Technology?
I assume the Shariah board members have been or will be granted MRHB tokens for their job. If that’s correct, the question is: How do you ensure there won’t be any conflict of interest between Shariah compliance decisions and the coin price? For example, Will the board decisions get regularly audited by an independent Islamic organization such as AAOIFI?
Assuming everything goes as planned. Where do you see the MRHB fair/reasonable market cap in the next 1, 2, 5 and 10 years?
I see the team currently has around ~20 members with a few engineers. What are your hiring plans to grow the team further in the next year or two?
“Portfolio Creation and Management System” is one of Marhaba Defi’s main product. Can you explain to us how does this product works and its attempt to integrate AI features and machine learning? How can users get involved with this product and how can it benefit them?
Marhaba has its own crypto-wallet called “SAHAL Wallet”. Can you tell us more details about SAHAL Wallet? What are the other features and functions of the said wallet aside from sending/receiving/storing cryptocurrencies?
I’ve found out that one of Marhaba’s goal is to be part of Polkadot’s parachain ecosystem. Polkadot started is auction for potential projects to be part of its parachains this month. Did Marhaba participated on the parachain auction?
You have introduced MARHABA DEFI as a “Muslim also” platform. Are muslims not allowed to use other platforms? Why did you create a separate platform when there are plenty of options for all nations? Do Muslims get any privileges or special benefits on MARHABA DEFI? Further, I have heard that there are strict rules in Shariah law. How do those rules affect MARHABA DEFI? You have stated that the platform will be user-friendly and simple. Will you achieve this features under the Shariah law? Are female users allowed to use the platform?
The one of the main feature of MARHABA DeFi is its non Costudial Sahal Wallet. How you will identify the Halal token in multi block chain ? What security measures are taken to ensure our assets are safe in it?
One of your features is “Interest free Borrowing and Lending.” As a borrower, interest free borrowing is an amazing opportunity. Does a borrower need to keep a collateral when obtaining a loan? If yes, what should be the percentage of the value of collateral compared to the borrowing amount? On the other hand, what is the purpose of interest free lending? If a lender gets the same amount that he has invested, there is no use of lending funds. Can you deeply explain what are the advantages of lending on MARHABA DEFI? Are their any external privileges for lenders?
You have planned to hand over entire control of MARHABA DEFI to $MRHB holders. To be eligible for this privilege, is there a minimum amount of tokens to hold? Further, when will you shift the control from the team to the community? Since there may be thousands of token holders, how do you give priority when handling the platform? Will holding a higher amount of tokens for a longer period of time be an added qualification?
It caught my attention the fact that Marhaba’s goal is to unlock the untapped potential of “Islamic DeFi”, but I was wondering, as a person that is an outsider to the Islamic DeFi, can you tell me more about it? What is really different on the Islamic DeFi from the DeFi we know in other parts of the world? Also, Marhaba aims to unlock it’s true potential, why can’t other solutions that has been created thinking in DeFi work in Islamic DeFi too? What kind of problems did you see with this solutions that you decided to create your own with Marhaba?
While reading about Marhaba, I saw that one of the attributes the MRHB DeFi Ecosystem has is that is “Whale, and Bot proof”, that being said, can you tell us more about this quality your platform has? What kind of mechanisms have you implemented to be able to provide a service Whale and Bot free? Also, how accurate will this system be against actual bots and whales? Has this feature been tested before to make sure it acts against real bots and not take users mistakenly for one?
I understand that Marhaba have an interest free lending and borrowing protocols that is based on shariah compliance where users Can lend or borrow crypto assets to fund thier ventures under collateralized loans that are interest free. Most users lend Assests due to interest they’ll recieve when borrower pay back. What are the benefits of lenders in this interest free lending protocols? Do you have any criteria for a user to be able to lend or borrow crypto assests? And lastly what crypto assests can a user lend or borrow on Marhaba?
While reading Marhaba’s litepaper, I saw that one of the things the platform will offer to users is “An innovative Zero Interest based solution collateralized by NFT supported by Chainlink Data Feeds”, can you tell us more about this? How does this solution based on zero interest actually work and what makes it so innovative? Also, why is it needed Chainlink Data Feeds needed? How does this information help you on providing this solution and why is data collected specifically from Chainlink? Why did you decided to implement this solution on Marhaba? What kind of benefits can users of your platform get from this innovative solution?
Marhaba proposes a governance model that consists of three entities while include the MHRIB governance Board(MGB), The SHARIAH governance Board (SGB), MHRIB community of stakeholders(MCS). Can you elaborate more on thses three governance entities? What are the functions of each of these three governance entities? How can a user belong to each of these entities? And lastly what are the incentive/rewards and benefits for users in each of these governance entities Marhaba offers?
Aiming to bring real innovation to the field, Marhaba DeFi is the first project in the field of DeFi in terms of its vision. What kind of plan does Marhaba DeFi have for the DeFi World to be more social and ethical? How does it plan to be a bridge between the DeFi world and the Muslim World, which aims at open world openness? Can only Muslims use the Marhaba platform or will people of different faiths not be able to use Marhaba?
Today, many projects are disappearing due to developing technology and challenging market conditions. How do you plan to keep the MRHB ecosystem alive in response to the changing market conditions and market demand for the MRHB DeFi platform? Can you talk about the product diversity of the MRHB ecosystem? What is the priority program of MRHB to contribute to the development of DeFi?
Many people believe that Marhaba is only limited to Muslim Community. Is this true? If yes how are you connecting other communities to Marhaba?
Marhaba DeFi has a wealth generating feature called Liquidity Harvestor. Can you tell us how this exactly generates income? Is this different from Yield Farming/Liquidity Farming? Also do you have a staking platform as well?
What is the Souq NFT market in Marhaba? What is difference between it and other Marketplaces? And what exactly is a “no code” platform for creating NFTs?
Who is rate of convert to Indian rupee
It has come to my attention that MRHB DeFi aims to bridge the gap between the Muslim community and the Blockchain world. I am aware that this culture has a very particular trading code. My question is, Marhaba’s goal is to implement this trading model in a decentralized environment? If so, what highlights would revolve around this model and how would they stand out from their competition?
I read that smart contracts play a crucial role in the MRHB ecosystem, the self-executing piece of code that ensures that certain rules are followed during the execution of a trade. My question is, what are the rules imposed on this trading system? What are the requirements necessary for a trade to be executed within MRHB DeFi? What are the highlights that your smart contracts have that differentiate them from others in the decentralized world?
As-Salam-u-Alaikum, Marhaba’s Team.
I was reading through Marhaba’s website and I could see that one of your goals is to have a “DePhi Protocol”: Decentralised Philantrophy protocol relying on ZK-Snarks Privacy. Could you give us more details about this DePhi Protocol? In order to be a Philatrophy protocol, how will it really work? You’ve said that thanks to this DePhi, users will be able to donate to one of your approved charities across the world, could you tell us then what charities are those? What kind of requirements do they need to meet to be approved by you? And of course, most importantly how is the process if we want to make a donation? Also, I would like to know, why is ZK-Snarks implemented into this DePhi Protocol? WHat advantages does that bring to users?
Jazaak Allahu Khairan.
As-Salam-u-Alaikum, Marhaba’s Team.
While I was reading Marhaba’s roadmap, I saw that one of your plans for not even 2022, but 2023, is to migrate as a Parachain/Sidechain. So, are there any more details about this plan you could share with us? Why do you have plan to migrate in two years where a lot of things could change? Also, I would like to know, what kind of benefits could that migration bring to Marhaba’s users and why will you wait for so long to do that migration?
Jazaak Allahu Khairan.
As-Salam-u-Alaikum, Marhaba’s Team.
I could see that one of your goals is to create a Launchpad that will be created as a decentralised cross-chain Launchpad with a Quadratic Funding model. Having that in mind, is there any more information about this future Launchpad you could share with us right now? As a Cross-chain service, for what chains will this Launchpad be available? And also, what kind of start-up projects will be able to launch with your help? What kind of characteristics will they need to meet? On the other hand, I would like to know more about that Quadratic Funding Model that helps you build this Launchpad, what kind of benefits do new projects and investors get from it? How does this model provide to your Launchpad more benefits that any other kind of model that could have been implemented?
Jazaak Allahu Khairan.
In addition to the usual crypto community, MRHB’s decentralized financial ecosystem is designed to provide an inclusive DeFi solution for more than 1 billion people excluded from DeFi due to reasons related to (1) faith. (2) access and (3) complexity. What kind of solutions does MRHB provide to excluded people from the DeFi world? How to work to reach people excluded from DeFi?
MRHB seeks to ensure greater diversity and stronger governance in the platform’s decision-making process. In summary, the team proposes a governance model that is made up of three entities: 1. The MRHB Governance Board (MGB) 2. The Shariah Governance Board (SGB), 3. The MRHB stakeholder community (MCS). How does the government model proposed by MRHB work? What role does each of the three entities of the MGB, SGB, MCS government model play? What are the advantages of this governance model?
From a technical point of view, they anticipate that the governance model will be implemented through the Aragon governance module. The $ MRHB token holders will interact with the governance module by proposing and casting votes on the governance proposals. What is the Aragon Governance module? How does the Aragon Governance module work? What are the benefits of this Governance module?
In his view, what is important is that MRHB DeFi does not seek to replicate the conventional interest-bearing products of the existing financial system. Therefore, we believe that our MRHB ecosystem products will attract greater acceptance among the Shariah conscious. community. What are MRHB’s innovative and revolutionary products? How they will attract greater acceptance among those aware of the Shariah. community?
In phase 1 of MRHB product creation we found an NFT creation platform and marketplace (SouqNFT), a multi-chain solution for B2X and C2X use cases. While focused on creative endeavors, the platform’s potential for efficient exchange of unique and nalal tangible value is immense. What is SouqNFT? How does SouqNFT work? What types of assets can be traded on SouqNFT?
You will have a wallet know as Sahal wallet. According to information made available, this wallet will come embedded with a trusted framework of filter layer which will ensure that only sharia screened tokens and NFTs can be deposited into it. Firstly, can you explain the screened tokens that are acceptable and the process of screening the tokens? How will users know the tokens and NFTs that are screened for transaction? Do this token include BTC, ETH, BNB and other common crypto assets that are acceptable by most wallet? How secured is this wallet and what will happen if a user unknowingly send a token that is unscreened to this wallet? Will such transaction revert or are the tokens lost?
As a faith based and ethical DeFi project, your governance approach appears to be unique. I found out that your governance structure comprises of 3 layers which are The MHRB Governance Board (MGB), the Shariah Governance Board (SGB) and the MHRB Community Stakeholders (MCS). Can you expanciate on each of these governance layer in terms of their composition and level of authority in your governance circle? How do you hope to achieve a balanced or fair treatment of project proposals considering the complexity of the theological dimension that you introduce into governance which could result in some popular community decisions being vetoed by other ranking decision board? How will you determine that a proposal is non-complaint before apply an override on such decisions?
As part of plan in Phase I, you intend to launch Marhaba launchpad. I read that this launchpad will be democratic and will utilise a Quadratic Funding model in order to guide against whales and bot hijacking of sales. Can you describe how your launchpad will operate and how you will be able to provide an effective funding for project during early lives? What type of project can conduct sales on this launchpad? Are the projects expected to be faith based and religiously inclined? How will the quadratic funding model work and why is it necessary that the launchpad should have a separate token which will be pegged to MRHB?
What value and importance do non-religious communities have for Marhaba, what are their competitive expectations regarding their integration and acceptance in the decentralized financial system and subsequent development?
What value and importance do non-religious communities have for Marhaba, what are their competitive expectations regarding their integration and acceptance in the decentralized financial system and subsequent development?
I understand that MRHB DeFi brings the first Shariah compliant solution to the world of decentralized finance and that it is powered by a team of dedicated experts in the fields of finance, technology, finance and Islamic theology, so could you tell us if MRHB DeFi is designed only for Muslims, or if your approach is aimed at all types of users, also could you tell us how it involves Islamic theology and what differences it adds to the contracts that we commonly see in platforms dedicated to decentralized finance?
Is this an exclusive project for the Muslim community or people or institutions with other religions can participate, do you think that Marhaba will be able to create a more intimate relationship between the Muslim community and the blockchain, tell us a little about Liquidity Harvestor and the benefits it provides to investors ?
MRHB DeFi brings the first shariah-compliant solution to the world of decentralized finance. I learned that Shariah is the legal practice derived from the teachings of the Quran. However, I don’t know much about this practice, so please specify, how does it positively impact your project, and how can we benefit as investors? Also, will all partners of is Marhaba DeFi also comply with this practice, when collaborating with you?
How is it defined in Marhaba who can participate in its platform either as investors, partners, strategic partners, as well as what tokens and chains can be incorporated into its network depends on?
In addition to making your smart contracts compliant with Islamic law, what other different features does Marhaba DeFi have, could you briefly mention the strengths you have, the opportunities you are looking to build for your users and give us a brief overview of what you have achieved from launch to today and how your products/tools have become a solution for your users?
According to the ethical aspects that your culture has in terms of financial activities, how can Marhaba influence Defi’s parameters and protocols to create a more unified system according to different cultures, religions and beliefs as a fundamental part of the socio-economic environment, We could talk about Sharia and its impact on financial and cryptographic decisions and activities of your culture, what are the aspects that can affect this project to be successful in growth and longevity?
Do you consider that it is appropriate for an investor to make his investment based on faith, which is the main basis of Islamic finance, do you believe that Marhaba can serve as a model and promoter for new religions and cultures to be integrated into the cryptographic system for the benefit of the economic, financial, productive and cultural development of their respective nations?
Marhaba DeFi has its MRHB token, so, could you inform those present, what utilities have you given to MRHB, that is, what uses have you built to make it attractive to the investor and encourage its acquisition among these, tell us for example, if by keeping it for a while, the investor can generate more of these tokens or some benefit within your platform and finally mention us, what is the tokenomics of MRHB, and what currency can be used to buy it?
Greetings, Marhaba Would you explain what these words mean (Marhaba, Shariah) and how this association between the Muslim religion and finance would help any crypto user? DeFi has many Islamic references in its vision and team, and brings what is called the “first shariah-compliant solution to the world of decentralized finance.” Could you explain what these words mean (Marhaba, Shariah) and how this association between the Muslim religion and finance would help any crypto user?
How strong is the Arabic influence in Marhaba finance, and what cultural rules and beliefs are incorporated into the project?
Greetings Marhaba DeFi, can you tell us a bit about MDFP? what was he born for? Can you give us more details on how your ecosystem works and what are its main functions and basic principles? When they managed to incubate Marhaba and in what part of their research did they discover that the Defi protocols, most of them do not strictly comply with the sharia? You can give us more details on these points of the question. Thank you
Can you explain a little what Sharia is and to which community is it directed? What does Marhaba DeFi offer to the community of users, generally Muslim or from other parts of the planet? where do you plan to expand with your ecosystem based on finance and faith? What is the main objective, and the ecosystem that they are creating to give impulse to the MRHB token and thus be able to govern the ecosystem Marhaba DeFi?
An important part of its customers meet different beliefs, and its aim is to provide halal solutions to Muslims who interact in the DeFi ecosystem, but how to please customers who use DeFi on a daily basis and those who cannot access DeFi due to your faith?
Among the main milestones reached by MARHABA DeFi is that they have a decentralized crypto trading, an agriculture and liquidity bet that complies with Sharia, could you tell how was your roadmap and the time used to achieve this goal?
Understanding the main objective of Marhaba which is to create an ecosystem where our Sahal Wallet will serve as the gateway and $ MHB as the token behind it to drive and govern the ecosystem. What are your plans to achieve this goal and safely please your customers?
understanding that your token is the backbone of the ecosystem and will be in all products as a way to pay fees, offset fees, earn rewards, bet on benefits and more. How do you plan to maintain the value of the token in this changing market and be able to provide security to your customers?
You have a feature for Liquidity Mining under a Mudarabah contract which offers a low risk, so could you tell us how can an user start to become a harvester? Is it necessary to have locked funds for a long period of time? How long can the passive income generator be?
It is not clear to me which are the filters that Marhaba uses through the Sahal Wallet to store tokens, can you tell us what technology is and which is not allowed in the MRHB DeFi ecosystem? What limitations does the project have?
You mentioned that through your technical expertise and extensive knowledge of how the Islamic ecosystem works, MRHB DeFi will aim to bridge the gap between the Muslim Community and the Blockchain world. Currently, how high is the adoption of blockchain technology within the Muslim community? In what ways does MRHB DeFi plan to teach the Muslim community the benefits of Blockchain technology? Will MRHB DeFi also be focused on users from other regions of the world?
I read that the smart contracts used on the MRHB platform are special and are configured to enforce compliance with Islamic law, but, for those of us who are not fully connected to the subject, could you expand on this information and explain to us, why they decided to focus their smart contracts to Islamic law, what exactly they seek to enforce from this law and for their future non-Islamic users, how they will manage to properly expose the parameters they have taken from this law and implemented in their contracts?
for many of us, users and partners are two pillars that if they are well worked determine how successful the project can be, this is why I would like to ask, how important are users and partners for Marhaba DeFi, if they are considered by you pillars or if on the contrary, do you think there are other more important elements to work and consider and if your answer is yes, expose to those present, what elements Marhaba DeFi considers important to work and take care to make your platform successful?
in every project regardless of its focus, mission and vision, security is necessary, that is why I would like to ask Marhaba DeFi, how important is for you to offer adequate security to your users, and knowing that today, even having the best audits, you can still be victims of attacks, what technologies have you implemented or plan to implement, to minimize this risk and keep protected the assets of your users and the project?
How can we access the interest-free liquidity loans offered by Marhaba DeFi? Where can we connect your Sahal wallet, can we have access from a web version for PC or is it only possible by mobile application? How does the Sahal wallet work? How safe and reliable is it? What does it allow us to do apart from storing and making transactions, is it possible to manage tokens and NFTs selected by sharia? Can you explain more about how the Sahal wallet works?
A key component of the MRHB DeFi stack is the Sharia Validator (SGB). It is stated that the Sharia Validator will be part of the ecosystem and also be an active compliance audit for all products and services. Playing such a critical role, it will therefore be good to know how the MRHB DeFi properly selects its SGB members, what are the critical Metrics that determine the qualities and qualifications for the role of a Sharia Validator? Also, can you explain the Validation process carried out by these trusted group, how is it different from the roles of a typical node validator and governance team of most of the thriving DeFi projects available? Finally, how are the SGB members compensated for their roles?
As stated from available documents, the MRHB ecosystem will incorporate a Liquidity Harvester which is expected to generate a halal returns in the 5%-15% by directing leveraging the vast trading activities in the crytocurency market. Can you properly explain how the Liquidity Harvester will adequately perform such function? How will MRHB solutions guarantee a sustainable Halal crypto wealth creation for all parties involved, and how does the Liquidity Harvester ensure an overall ecosystem profitability, while maintaining robust security and strict Islamic financial compliance?
While reading your project I get confuse at a point.you said in this new era of financial revolution MRHB aims to standardize shariah compliance within the cryptocurrency via a user-friendly interface that simplifies the complexities of both sharia and Defi,from my research I learnt that sharia means the clear,well-trodden path to water,it acts as a code for living that all muslims should adhere to, including prayers, fasting and donations to the poor,it sharia aims to help muslims under how they should lead every aspect of their lives According to god’s wishes, so please can you kindly explain how MRHB will standardize sharia within cryptocurrency, how will the muslim community uses the code of sharia to trade and invest within the MRHB platform? What is the outcome of a muslim who goes against sharia code of conduct in trading or investing on MRHB? Since this platform encourages sharia compliance within cryptocurrency,is it okay to conclude that your platform is only for muslims to trade and invest? What about christians who find interest trading with MRHB and cannot follow sharia code is there any provision for them? Please make use understand, thank you
One interesting aspect of MRHB that caught my attention more especially from traders and investors point of few is your smart contract that plays a crucial role in MRHB ecosystem,you said your smart contracts ensures certain rules are met during the execution of a trade , please kindly tell us the rules that governs trading in MRHB, how will your smart contracts ensures this rules are met? In what instances and situation will your smart contracts triggers your security functions? You also said these smart contracts not only enable the implementation of specific business use-cases but also ensures that the whole mechanism is transparent and secure, can you elaborate on this mechanism. Thank you
One of the best offering of Marhaba Defi is the Interest Free Lending and Borrowing based on Shariah compliance in which we can lend or borrow crypto assets to fund our next venture under collateralised loans that are interest free, decentralised, transparent and secure. So,in terms of lending and borrowing how would you earn profit if you offer an interest fee lending and borrowing? Do you have any hidden or additional charges to the lender since it is interest fee lending? Since it is said to be a collateralized loans,what kind of items we can offer as collateral when we lend or borrow crypto assets in your platform? While you offer interest free lending and borrowing,what agreement do you have with lender to lend or borrow without interest? Does this offer is open to anyone or you also have qualifications to avail an interest free lending and borrowing services? Thank you
Another interesting feature of MRHB is your interest free lending and borrowing protocol and you said this protocol is based on sharia compliance also, please can you kindly tell us your sharia code of borrowing and lending for users who are interested in using this feature, Is this feature available for the public or only for the islamic community? If a borrower do not not repay a loan, how do you ensure the lender gets back his funds? What will happen if a borrower face an accidental death, do you have any partnership with insurance company to solve this problem? What is the requirement that a borrower must meet to qualify to borrow,or is this left for the lender and borrower ro decide? Please explain more about the nature of MRHB borrowing and lending protocol
I learned from your website that
Marhaba DeFi is free from interest/usury (Riba), excessive risk (Gharar), and financial transactions which are similar to gambling (Maysir). So,could you explain to us more about this statement? How would you guarantee that your platform is free form interest, excessive risk and financial transactions like gambling? If it is free from everything mentions above,what impact will it bring to your platform and how would you handle and take control your platform be free especially from financial transactions like gambling? Thank you
They have a partnership with Coinbit, but we know that it is an Indian exchange, why is this Indian partner? What does the Indian market have for the community in general and the Muslim community? what are the reasons for this association? How does this collaboration help the community and your project? Knowing that Marhaba is based on Sharia, I was also able to read that it will have similar associations like Inshallah, by when do you plan to start working with Inshallah? can offer us more details. Please
Part 1 :
1). Nowadays, there are 2 opinions from Ulama (cleric). First opinion is consider Crypto as Halal, and Second opinion is consider Crypto as Haram. I want to ask : how and what MRHB Devs/Teams will do to handle these 2 opinions ?
2). Staking is a common tool in Crypto to keep the price not going down. I want to ask : what is MRHB Devs/Teams thinking about Staking ?
Is Staking will be added in MRHB projects ?
If Staking will be added, how MRHB Devs/Teams to explain, because some Ulama (cleric) have opinion that Staking is Riba.
3). Metaverse is trending now. I want to ask : what will MRHB Devs/Teams do to face this Metaverse ?
Will MRHB go into Metaverse also ?