Singapore – Oct 15th, 2021 – Since its founding, MRHB DeFi has worked toward creating a financially inclusive cryptoverse that helps communities and groups who were kept from the opportunities and utilities brought about by the original crypto revolution to have a risk adverse solution. Through delivering faith-based DeFi services rooted in Islamic Finance principles on ethical investment, avoiding usury, exploitation and interest, it has since built a core base across Asia and the Middle East.
MRHB DeFi recently received a strategic investment from New World Group’s UK-based Mozaic, its tech investment arm. This investment gives not just a chance to tap into New World Group’s resources, it being an internationally diverse company with over USD 2.5 Billion of group assets-under-management, but to also expand the tenets of Ethical, Halal DeFi beyond the Middle East and Asia, building support and engagement from a new community based in the United Kingdom, users who also share MRHB DeFi’s vision.
“With a current market capitalisation of USD 2 trillion and growing – the crypto asset space represents an exciting growth opportunity for us and MRHB DeFi’s focus on ethical and inclusive finance resonates strongly with Mozaic’s investment thesis,” said New World Group Partner Sonny Gupta. “The strength and commitment of the MRHB team made them natural partners for our inaugural investment into the decentralised finance sector,” he added.
“Mozaic’s investment focus on robust and scalable technology businesses with a mindset of long-term value creation, made them natural partners for us as we build the world’s first ethical DeFi platform” said MRHB DeFi CEO Naquib Mohammed. “The UK represents a key strategic investor community for MRHB DeFi – and one which we hope to engage better with high quality institutional partners,” he also noted.
The investment from Mozaic follows investments from Contango Digital Assets, NewTribe Capital, Sheesha Finance, Acreditus Partners and other institutional investors.
About MRHB DeFi
MRHB DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.
Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.
The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.
MRHB DeFi Official Channels
About New World Group & Mozaic
New World Group is a global diversified investment company with offices in London and Kuala Lumpur. The firm builds, acquires, invests, and scales businesses focusing on long-term growth. New World Group adds value to its partners and portfolio companies through origination and execution to value realisation.
New World Group and its businesses, including Mozaic, take a global perspective across sectors in which they act as investors, operators and business builders with offices and partners across the world’s most exciting, high growth markets. The company has made 15+ investments to-date and manages more than USD 2.5 billion across 25 countries.
Learn more about New World Group by visiting its official website.