The world's first halal DeFi ecosystem MRHB DeFi has decided to collaborate with leading Indian cryptocurrency trading platform Coinsbit to bring crypto-asset opportunities to India's huge population of 200 million Muslims.
MRHB DeFi's vision follows Islamic ethical finance principles. It operates as per Sharia Law. According to them, India is home to 200 million Muslims, constituting 10% of the global population and is the world's third-largest Muslim community. This group is often excluded from the crypto-verse due to their faith-driven principles regarding financial and business conduct.
MRHB DeFi will integrate Coinsbit’s portal with its app (Sahal Wallet), enabling users to use Coinsbit for trading crypto-assets directly. Coinsbit will give the users a trading platform, where $MHB (Marhaba Token) would be available to the Indian Community. Coinsbit would be the first Indian exchange to introduce a certified Shariah-compliant project to the Muslim Community.