News02 September 2021

Halal DeFi Ecosystem MRHB Announces A Strategic Partnership With Sheesha Finance

MRHB Decentralized Finance

Summary

  • MRHB partners with Sheesha
  • The partnership aims to bring ethics and inclusion to DeFi
  • MRHB DeFi to benefit from Sheesha’s connections and premium network

The world's first-ever halal DeFi ecosystem, MRHB has announced a strategic partnership with the leading tokenized decentralized finance mutual platform in the UAE, Sheesha Finance, in what is expected to be one of the hottest collaborations in the DeFi industry.

This partnership deal between these two leading DeFi protocols will include a strategic investment from Sheesha to MRHB of an amount that was not disclosed. Both parties will collaborate in mutually beneficial initiatives meant to promote Islamic finance and business practices. Additionally, MRHB DeFi will benefit from Sheesha’s connections and premium network.

As an early MRHB DeFi supporter and investor, Sheesha shares in the ambition, vision, and potential of MRHB as a faith-based platform and is pleased to be part of its first-moving projects in the DeFi space.

“As a decentralized fund, we’re always on the lookout for like-minded projects and ideas that are looking to advance ethical finance and decentralize finance more. We’re very excited to have partnered with Marhaba, a unique value proposition in DeFi, who are doing that, and a lot more,” - Sheesha Finance CEO, Saeed Al Darmaki.

Kibet Elikana
Write a comment