Thanks to all for participating in our AMA with Marhaba (MRHB) DeFi. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this AMA recap is for you.
CryptoNationIN – Hello community, today we’ve Ahmed Jawa from MRHB DeFi
Ahmed Jawa – Hey how is everyone
CryptoNationIN – Ahmed welcome to CRYPTO^^NATION™ Community
Nice to have here today
Ahmed Jawa – I am not Deniz but i will substituting for him today.
Pleasure to be here
lets see all your interesting questions team
CryptoNationIN – Before getting into this, How are you doing today Ahmed?
Ahmed Jawa – Doing well, working hard for the community and making MarhabaDeFi a wonderful project
how are you?
CryptoNationIN – I’m pretty good. Thanks for asking
So, let’s start this AMA with some introductory questions
Ahmed, please introduce yourself to us.
Ahmed Jawa – ok yes for sure
My name is Ahmed, I have been working with MRHBDeFi formaly known as MarhabaDeFi for some time focused on Marketing, Strategy and Operations
I come from a Finance background and have been working in various Corporate and IGO roles in the past. Having a strong passion for Faith-Based investing brought me to MarhabaDeFi. On the side I also run a Faith-Based Finance Youtube Channel that is known by the name Think Halal and Grow Rich
CryptoNationIN – Good to know this “Faith-Based investing”
Ahmed Jawa – Yes a huge part of the world demands solutions in this space especially when it comes to finance.
its supposed to be a 3.5 Trillion dollar market in 2025 and as Crypto overtakes Financial markets a big part of the 3.5 Tr…. will be needed to in Crypto and we are the first Faith-Based complete Crypto ecosystem
CryptoNationIN – And that’s the point to appreciate MRHB DeFi
Okay after this, could you please introduce MRHB DeFi to our community?
Ahmed Jawa – Yes sirr
MRHBDeFi is an all-in-one solution that is filling a major gap in the Crypto world. Marhaba is building a unique ecosystem of [shariah-compliant/faith-based/ethical] crypto-financial solutions to the market. This is being done by bringing multiple ethical products, usually isolated, together in one single coherent ecosystem.
While inclusive of all faiths – Marhaba is focussed on the Islamic Finance liquidity pool which is currently over $3 trillion in size, growing, and serves over 1,000,000 people globally. The majority of whom are excluded from Crypto and Defi markets due to faith, complexity, and product fragmentation. Therefore Marhaba is the “first-mover” in this enormous space and takes pride in being a truly “inclusive” DeFi Platform.
CryptoNationIN – Islamic Finance = Zakat
I’ve read about it
Ahmed Jawa – Islamic Finance has a lot of different pillars and one of them is Zakat (which is a form of charity) other pillars include everything from managing business, finance, and transactions in an ethical and protective manner.
CryptoNationIN – Got it
Ahmed Jawa – haha
yeaa and there is a huge part of the world that NEEDs solutions that are from this segment
CryptoNationIN – By the way, thanks for the explanation
Now, please tell us about the tokenomics of MRHB DeFi token.
Ahmed Jawa – The Tokenomics were built to make sure this Project has growth and longevity success. I highly recommend everyone to read the whitepaper as the Tokonomics are detailed in the ending.
speaking about tokonomics, we are having our PrePublic Sale round 1 on October 7th
you can watch this and then read the description for more clarifications
Page 48 to be exact
CryptoNationIN – With this, please tell us about the roadmap of MRHB DeFi.
Ahmed Jawa – Yes forsure the roadmap is a comprehensive ecosystem solution.
Marhaba Product Suite
For the first phase of the delivery, we are delivering
- A multi-currency non-Custodial Wallet, that would be holding only shariah-compliant tokens, with Staking and Token Swapping Features
- A chain agnostic, Cross Chain DeX Aggregator
- An efficient return promising, Interest-Free Lending & Borrowing solution
- A world’s first auditable- ZKP based “Decentralized Philanthropy” (De-Phi) protocol to facilitate charity and zakat in crypto
- Machine Learning based Auto Portfolio Creation & Management
Democratic, whale and bot proof Quadratic funding pool based Community-Driven Launchpad
BTW all of these snips are coming from the Whitepaper
so please do check it out and read it
CryptoNationIN – The roadmap looks progressive
And it is.
Ahmed Jawa – yea as i said we are bringing the first full solution for the faith-based community
CryptoNationIN – Nice
Could you please tell us about the partners of MRHB DeFi?
Ahmed Jawa – Yea forsure
We have amazing partnerships and investors. There are others in progress and they are also very exciting!
Here i’ll share some with you, but if you want to learn more you can go on our Medium and get the full list and engagement details.
If you want some quick names:
CryptoNationIN – Thanks for sharing
If allow you me, I’ve a question to ask from my side.
Ahmed Jawa – Yea sure!
CryptoNationIN – What’s the reason behind choosing name MARHABA?
I understand that it should be asked earlier
Ahmed Jawa – hahahha this is a good question.
Marhaba in general means welcome and at MRHB we are welcoming an entire segment of the global financial market to the world of Crypto
there is also a slight technical reasoning but this is the one i like 🙂
CryptoNationIN – It really makes sense
Q1. There are tons of DeFi tokens / projects fighting for their places in the current market, how can Marhaba DeFi face such competition? And what is your perspective on the prospect of DeFi tokens and $MRHB future’s growth?
Ahmed Jawa – When it comes to competition we are not really fighting as we do not have much of a direct competition but indirect competition we have. For Indirect competition we understand to lead in this field it is important to provide the best solutions that is user friendly, and we are working hard towards doing just that.
Q2. Marhaba DeFi wants to be at the forefront of the journey by creating an easy option for investors and Muslim Community to diverse their investments into not only one DeFi token, but the whole space, all in one trade. Can you tell me how and when you plan to actualise this?
Ahmed Jawa – Yea this is part of our roadmap and will be implemented as part of the Sahal Wallet wallet.
Q3. One of Marhaba DeFi offerings is DeCha & Zakat Solution. So,can you explain more about this offering in your platform? How does it works? How can investors and users can take advantage with this offering?
Ahmed Jawa – So crypto is a new solution in the world so most of the Muslim community does not know how to manage their Zakat when it comes to Crypto. Thus we are getting our Shariah board to look into this and determine a calculator for this to make everyones life easier.
Q4. I read that the Smart Contracts play an important role in the Marhaba Ecosystem as they follow the principles of Islamic Trade. However, can you tell me how you adapted those tenets into each smart contract? How can they recognize the laws of Islamic Trade?
Ahmed Jawa – This is a good technical question which is slightly above my scope. So i recommend you ask this question in the main channel and our CTO will answer the question.
I could give you the faith side of the answer but not the technology side, but that would be a half answer.
Q5. I read that Marhaba DeFi will bridge the gap between the Muslim community and the blockchain world, but does this mean, that the project is focused only on the Muslim community or are they targeting other communities as well?
Ahmed Jawa – This project is helping bridge the gap for the muslim community, but that does not take away from the other communities. anyone who is interested in a ethical solution that is interested in a complete Crypto ecosystem solution which has a user friendly UI UX – would be interested in MRHBDeFi
Many of our biggest investors and supporters are non-muslims, but they understand the value of the project and the impact, thus they support it a lot.
Q1. Do you have any competing projects and what are the best features that make you stand out from the competition?
Ahmed Jawa – Simple we are the first full ecosystem solution for the faith-based community
Q2. What is your strategy for serious investors, will you provide complete transparency with them in the future?
Ahmed Jawa – We have many interested Investors and MRHB has a full transparency rule.
Q3. 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? Aside from this, do you have a staking platform as well?
Ahmed Jawa – It uses the same methods like traditional LP but with a faith filter on it. I recommend read the Shariah green paper on it and the whitepaper. @vickytoreeya please link those
Q4. Have you formed or are you planning to launch an ambassador program to help your effort attract more investor interest?
Ahmed Jawa – YES!!!! its in the development currently. As soon as its launched you will know about it here.
Q5. 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? Aside from this, do you have a staking platform as well?
Ahmed Jawa – https://docsend.com/view/4dwtrak9p5kjdw4s
Thank you Ahmed Jawa (Marketing & Operations) and Community for participating in the AMA. Have a nice day.