DeFi refers to a financial application built on blockchain technologies, and Marhaba DeFi brings the first shariah-compliant solution to the world of decentralized finance.
Marhaba DeFi is focussing on financial inclusion to bring ethical and social values to the DeFi world.
Following is the encapsulated brief recap of our AMA with Dr. A.J Minai (Branding and PR head) of Marhaba and Dr. Ahmed Jawa（Head of Marketing Strategy and Operations). They addressed the community about inclusive Defi and Blockchain applications.
Date : 29th July 2021, Thursday
Time : 04:30 PM UTC
Venue : CoinEx Iran TG group
Host : Josph, CoinEx Iran
Speaker : Dr. A.J Minai (Branding and PR head) , Dr. Ahmed Jawa（Head of Marketing Strategy and Operations)
AMA Summary
Q1: Unlike most DeFi projects, Marhaba DeFi has the added requirement of being shariah-compliant across its entire suite of offerings. Could you briefly tell us how Marhaba governs & ensures that in a manner whereby it truly adds a lot of value alongside peace of mind to its users?
Response: Financial exclusion is one of the significant problems in the world. Many researchers have found that financial inclusion can contribute to eliminating poverty. Marhaba Defi is focusing on financial inclusion. Shariah compliance is the main ingredient of $MHB token and Marhaba platform that aims to bring ethical and social values to the defi world”. To
put it into context, we have an internal Sharia team (Sharia Experts) of very accredited Sharia scholars from Islamic Finance. Not only do we have an internal team, but we will also get an external team to audit our products and services.
The scholars at Marhaba looked at the products offered in a DeFi ecosystem and how these products are traded. We will keep whatever we think is acceptable from an Islamic perspective; we will hold it, and whatever we feel is not sufficient, we will reject it. So for Marhaba, we will allow only those existing tokens that we think are ha rich-compliant to be traded on the platform,
For example, we will not allow tokens created for gambling purposes, etc. Similarly, the methods of trading that are unislamic, we will adapt them to make them Shariah-compliant. For example, conventional forward trading is not shariah-compliant, but we could make it Islamic with few changes to its structure.
Q2: You’ve had a good run with your initial rounds of investment; what are your criteria for investors right now? And, how would someone attending this AMA explore investing in Marhaba DeFi if they wanted to?
Response: We have succeeded in closing the pre-seed round with private investors. This gives us a firm foot, as the initial supporters are the strongest believers. The investments we are accepting are based on the value proposition the VCs or crypt° funds bring us. We are not a token sale money-making defi project. We are here to stay, so we need those who believe in these principles to add to that. One of the key reasons we were all excited about being here in your community is Iran’s most prominent inclusive, ethical finance supporters.
Q3: What would motivate a non-muslim to use Marhaba DeFi from a financial gains perspective beyond Shariah compliance?
Response: There is no question or discrimination based on culture or religion at Marhaba DeFi. The motive of building this ecosystem is that everyone should be a part of it. As part of the benefits are concerned, we ensure sufficiently rewarding returns from our liquidity harvesting mechanisms. We are all working towards making the wealth returns lucrative for everyone. At our core, Marhaba is all about collaboration, not competition.
Q4 What plans do you have to help drive demand and scarcity of your Platform Native Token $MMHB.
Response: At Marhaba, we have an extensive plan regarding our roadmap, which is a very enticing solution for global faith-based investors and general investors. You can read more about the keys on our website (HTTPS:// marhabadefi.comi#about). Most of these solutions and services will be linked to the MHB token- thus directly or indirectly driving demand for the token. In addition to that, we have a very well-planned Tokonomics that is rug pull-proof and focused on long-term growth. In the future, we are working on engaging strategic partnerships that will put
MHB in a position of high use and demand.
Q5: How do you ensure the safety of User Funds, and How do you assure us that you are not RUGPULL after the pre-sale?
Response: We will have every contract audited by firms such as Certik — considered one of the best audit firms in the world. All our code is open-sourced and will be verified on-chain. We will provide transaction hashes for events such as liquidity lock up without any ability to override. Trust is our utmost principle in an ethical platform, and we will do what’s necessary to protect that value.
Q6: Are you a well-experienced team and devs? Can you tell us more about team background, and are they anonymous?
Response: We are a team of researchers, technocrats, influencers, reputed Islamic fintech experts and senior business entrepreneurs, & doxxed devs who came together to ensure that we bring a DeFi solution that will impact society as a who[e. And no, we aren’t anonymous at all. That is a testament to how serious, committed, and ethical-minded the entire team is about MarhabaDeFi’s long-term sustainability.
Q7: What are the marketing strategies of your SMarhaba token project? What will you do so that your project will be visible in the crypto field and people come to explore your project?
Response: We’ve got a pervasive marketing plan across both crypto-centric & non-crypto-centric marketing mediums that’s being activated on a global scale at an intentional pace. MarhabaDeFi gained a ton of traction before we even began actively marketing. For example, we were already featured on CoinTelegraph a while ago. We will share the link shortly here for all of you to read that.
Almost everything from community engagement, gamified campaigns, social media virality, and listicle efforts on Reddit and other known uprooting platforms. etc. — and so much more is being done at a tactical level. On a higher, more strategic level — strategic partnerships with some very reputable global players are underway and will be announced in the coming weeks as well. And the icing on the cake, a super committed & engaged team who’s here to serve, alongside influencers corning up soon as well who are just as passionate about Tvlarhaba’s mission of Ethics, Inclusivity, and Unification as we are.
Q8: Trust is very important in business. What makes investors, customers, and users feel safe when working with your project?
Response: A fundamental question indeed. We understand the value of honesty, trust, and transparency. Our organization is managed through the highest ethical standards; we are transparent about our solution and platform. Our team is comprised of very highly achieved and marketed individuals.
1) We have a globally trusted and respected Shariah Board (you can see who they are through our website and SM)
2) Our tech team is lead by individuals who have experience building many previous successful projects
3) Our marketing team is lead by a very well branded individual — someone who has won awards and leads TED talks about the work they have done
4) Our founder has more than a decade of experience in Fintech, and all of them are publicly working on this project, which you only see in trusted high-value projects. In addition to this outstanding team and transparency, we will be audited by a third-party Shariah team. The technology being produced- such as Sahal wallet and others are going through vigorous testing for safety and protection. Rest assured that all of these will meet the highest industry standards.
Q9: How can I stay updated with your project? Can you share your telegram, Twitter, website, and a social link where are we find you?
Response: My recommendation is that you & anyone else interested join this community and stay here to keep up-to-date: HTTPS:// tmeimdf official. Furthermore, you can also visit htips://marhabadefi.com and run through all the information there. And if you scroll right down to the bottom, you will find links to most of our social media handles there too.
Q10: How can I be part of you? Do you have any ambassador programs? Response: Yes, we do have plans for an ambassador program shortly. Would you please keep your eyes fixed on this community for those announcements & how to be a part of it within the next few weeks as we launch that?
Q11: Can you list 1–3 killer features of Marhaba that make it ahead of its competitors?
Response: Complexity Solved — There is no other solution out there for faith-based investors. We at Marhaba provide a screened and approved crypto-financial ecosystem Fragmentation Solved. The platform is exceptionally user-friendly and consumer-centric, which helps understand the new way of dealing with finance. Now you will have a solution where you know more and get confused less. Faith Issues Solved — Be excited because you will not need to jump across platforms to access the various products. Imagine one app that lets you do everything and make profits from all acceptable methods!
Q12: Many projects are already offering similar solutions to you; what’s your recipe for success and plan to outplay possible competitors and remain relevant in the foreseeable future?
Response: According to our market research, most projects offer only a portion of what Marhaba DeFi provisions as a holistic suite of offerings. Yes, there are players out there doing singular offerings, e.g., a wallet offering that may or may not be shariah-compliant or other piecemeal attempts… But overall, there isn’t one collective ecosystem that binds several “Lego” pieces of the DeFi landscape into a unified, easy-to-use platform like MarhabaDeFi is doing.
Q13: “STAKING” is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term. Does your GREAT PROJECT have a plan for Staking?
Response: This is a great question! We’ve got something exceptional in store for our users when it comes to Staking, and it’s called “Ultra-Staking.”
And NO, that isn’t just a marketing label; it’s so much more -but I’m going to leave that to our epic CTO, Deniz, to share more in the foreseeable future as we get closer to launching that particular offering within our MarhabaDeF1 ecosystem.
Q14: What is the current & future development strategies of the Marhaba platform?
Response: Our goal is to develop an all-in-one platform for everyone. Our current roadmap is Multi-Currency.
Non-Custodial Wallet Cross-chain mobile wallet and gateway to the entire Marhaba Ecosystem — Known as the “SAHAL” (Easy) Wallet, it will strictly hold approved and screened tokens only. The wallet will act as a gateway to the entire Marhaba Ecosystem by showcasing powerful apps on the users’ device.
Multi Chain NFT Marketplace Borderless, unique, cheap, and authentic NFT creation and comprehensive marketplace — Branded as “SOUQ NET,” it will serve as a lifeline for individual artists and creators to reap the benefits of crypt° by digitizing & selling their work as NFTs.
Liquidity Harvesting Liquidity across chains with minimal slippage. — The shariah-compliant way of investing digital assets in a portfolio offering highly optimized returns with minimum risk. This investment product will use very complicated strategies to achieve its objective and continuously move the assets between different platforms to maximize the returns.
Cross Chain Dex Aggregator Optimized Portfolio of highly profitable digital assets — Chain agnostic DEX aggregator, aka “DEXREGATORN, enables crypt° traders to access a wide range of trading pools across blockchains via one single dashboard. We have many other solutions inline, but those are focused on Roadmap Phase 2,
Follow us on our social media for updates.
End of AMA Summary
About Marhaba DeFi
Marhaba DeFi is a platform built to embody 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 tenets of Blockchain such as trust, transparency, and security; Marhaba DeFi has encapsulated universally applicable principles of Shariah into those tenets of Blockchain to render a suite of offerings.
Marhaba DeFi was founded with the vision of bringing a “Muslim also” platform, rather than making it an exclusive “Muslim only” offering.
We are a diverse team of researchers, technocrats, influencers, islamic fintech experts & business entrepreneurs, who came together to ensure that Marhaba DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the Faith-Conscious Communities and the Blockchain world.
Read more about Marhaba DeFi here:
Website | Twitter | Telegram Chat | Telegram Announcements | Medium | Documents | Facebook | LinkedIn | Telegram Arabic Community
