The MRHB.Network announced that the project team has been focused on creating so-called halal and ethical decentralized DeFI products for customers from the Islamic world for the past year.
In 2022, MRHB launched three halal DeFi.
This is a cryptocurrency wallet Sahal Wallet, which acts as a gateway to the ecosystem of halal products DeFi-MRHB and automatically sifts out non-halal tokens.
This is TijarX, the beta version of a halal DEX exchange created specifically for trading tokenized assets.
As well as the SouqNFT Islamic Marketplace and the B2B NFT solution, which hosts NFT images that are acceptable to Islamic norms and provides halal certificates of conformity.
“MRHB DeFi works closely with its Shariah Stewardship Council, which checks every token and product for halal compliance,” assures MRHB founder and CEO Naquib Mohammed.
In April, the International Monetary Fund drew the attention of Islamic nations to the challenges local banking systems may face in launching central bank digital currencies under Shariah law.