Thursday, September 28, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Altcoin News

MRHB.Network’s SouqNFT Marketplace Hosts World’s First NFT-based Halal Certifications | by The Capital | The Capital | Apr, 2022

by ethozedge
April 29, 2022
in Altcoin News
Reading Time: 8 mins read
A A
0
Share on FacebookShare on Twitter


“Disclaimer: The Capital has received payment in exchange for writing this article.”

Dubai, U.A.E. — Halal NFT marketplace SouqNFT now hosts the world’s first NFT-based halal compliance certifications. The NFT certificates, minted and issued by Shariah Experts Ltd., are powered by ethical decentralized finance (DeFi) platform MRHB.Network.

These NFTs are the first completely immutable halal compliance certifications that have been recorded on a blockchain, providing newfound transparency to the halal certification sector. The NFTs will allow companies to publicly verify that their business practices and products are certified halal, which means they are ethical according to Islamic jurisprudence principles.

“The trustless nature of NFT-based halal compliance certifications fills a pressing need in the halal economy sector, where certificate forgeries are common or difficult to validate, especially in the halal food industry. NFTs are unique and neither replaceable nor interchangeable — this makes them a perfect technology for immutable certificates,” said MRHB DeFi CEO Naquib Mohammed. “The complete transparency of blockchain also means that anybody can easily cross-check a certificate with Shariah Expert’s public key to verify beyond a shadow of a doubt that it was this specific Shariah advisory firm that minted the NFT and issued the certificate. By default, NFTs incorporate proof of ownership.”

Shariah Experts, the issuer of the NFT certificates, is a London-based advisory firm founded in 2020 with the mission of guiding Web3 projects alongside Islamic principles. Shariah Experts’ fatwas (legal rulings) include Islamic banking and finance, gold and silver, zakat almsgiving for financial institutions and investors, and waqf charitable endowments. The company is headed by world renowned Shariah scholars Dr. Farrukh Habib and Mufti Billal Omarjee. Singapore-based gold crypto platform Cache.Gold is the first receiver of the halal certification in the form of NFT minted on SouqNFT marketplace.

“Shariah Experts believe that tokenization of certificates in the form of NFTs can help avoid cumbersome authentication methods and slow verification processes,” Dr Habib — Co-founder, Shariah Experts — said. “Other methods are prone to multiple points of failure along the way, such as loss or destruction of a paper or digital certificate. NFTs are a more streamlined and permanent solution.”

The SouqNFT marketplace was launched in December 2021, and was MRHB DeFi’s first launched product along with their $MRHB token. Notably, SouqNFT is also the world’s first NFT marketplace to list halal-certified NFTs, guaranteeing users will never stumble upon inappropriate content on the site. The Shariah Governance Board (SGB) keeps an eye on all NFTs submitted to the market, and are further aided by NSFW and NLP machine learning algorithms.

Bringing Together an Ethical Web3 Ecosystem

MRHB DeFi Network was founded to create a platform ecosystem of halal DeFi products and services made specifically for people concerned about making only ethical financial decisions. This includes the Islamic Finance sector, a market representing over 1 billion people and US$3 trillion in value. In order to be considered halal for Islamic Finance, businesses must adhere to strict ethical and financing principles, including avoidance of social exploitation, interest or usury and support of transparency, sustainability, asset or utility-backed financing and equitable risk-reward sharing — all principles that have a universal appeal beyond the Muslim community.

“It is our sincere hope that the NFT certificates we host on SouqNFT will inspire others to join MRHB DeFi Network in our mission to build a Web3 ecosystem focused on ethical business practices,” Naquib said. “The cryptocurrency industry has been unregulated for far too long, and this has brought many bad actors and immoral situations. A safe, trustworthy space needs to be built in the cryptoverse for people with strong convictions of what is right and wrong, and we think that blockchain can be the perfect tool to make this happen.”

MRHB DeFi Network recently launched their flagship product, Sahal Wallet, which is a self-custodial multichain cryptocurrency wallet built specifically to be compatible with only tokens certified halal. The wallet is also a portal to the rest of the MRHB DeFi ecosystem — including linking directly to SouqNFT — making it easy for anybody to use the MRHB DeFi Network platform as a trusted gatekeeper to the halal cryptoverse, Five more products are also being built for this ecosystem, including interest-free crypto financing, a cross-chain DEX aggregator and a liquidity harvester, along with an entrepreneur launchpad and decentralized philanthropy (DePhi) aimed at creating better opportunities for underprivileged communities.

MRHB DeFi Network’s vision is supported by a number of partners and investors, including Polygon Technology, Sheesha Finance, Australian Gulf Capital, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital Assets, ZKSync, Acreditus Partners, EMGS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, amongst others.

About MRHB DeFi Network

MRHB DeFi Network is a halal, decentralized finance platform built to embody the true spirit of “Ethical and Inclusive DeFi” by following faith-based financial and business principles where all excluded communities can benefit from the full empowerment potential of DeFi.

The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts, business entrepreneurs and industry professionals, who have all come together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between faith-conscious communities and the blockchain world.

MRHB DeFi Network Official Channels

Website: https://mrhb.network

Twitter: https://twitter.com/marhabadefi

Telegram: https://t.me/mdf_official

Telegram Announcements: https://t.me/marhabadefi_ANN

YouTube: https://www.youtube.com/c/MarhabaDeFi

Medium: https://medium.com/@mrhbdefi

LinkedIn: https://www.linkedin.com/company/marhabadefi

Discord: https://discord.com/invite/DubSjKmkBX

Facebook: https://www.facebook.com/MRHBDeFi

Telegram (Arabic): https://t.me/mdf_arabic

Telegram (Russian): https://t.me/marhabadefi_russia

Telegram (Turkish): https://t.me/MarhabaDefiTR

Telegram (Persian): https://t.me/mrhbdefi_persian

Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi

SouqNFT Marketplace: https://souq.mrhb.network





Source link

Tags: Aprbitcoin newsCapitalCertificationscrypto analysiscrypto newsEthoz EdgeHalalHostsLatest bitcoin newslatest crypto newsMarketplaceMRHBNetworksNFTBasedSouqNFTworlds
Share76Tweet47

Related Posts

Trader Says This Altcoin Could Be ‘Very Good’ for Next Bull Market, Details Path Forward for Bitcoin

by ethozedge
September 28, 2023
0

A widely followed crypto trader says he has high hopes for one altcoin’s prospects during the next bull market expansion....

Six Ethereum-Based Altcoins and Two Low-Cap Crypto Assets Flashing Bullish On-Chain Signal: Santiment

by ethozedge
September 27, 2023
0

Crypto analytics firm Santiment says that the prices of eight altcoins are showing signs of moving higher. Santiment says that...

One Ethereum-Based Altcoin Gearing Up for ‘Very Strong’ Performance, Says Trader – Here’s His Timeline

by ethozedge
September 27, 2023
0

A closely followed crypto strategist believes that one Ethereum (ETH)-based digital asset is setting up for an explosive run. Pseudonymous...

Pantera Capital Says One Ethereum Layer-2 ‘High on the List’ of New Crypto Opportunities

by ethozedge
September 26, 2023
0

Digital assets-focused investment firm Pantera Capital thinks one Ethereum (ETH) layer-2 scaling solution should sit “high on the list” for...

Trader Predicts Year-End Rally for Ethereum, Updates Outlook on Bitcoin and One Low-Cap Altcoin

by ethozedge
September 26, 2023
0

A closely followed crypto strategist thinks that the leading smart contract protocol Ethereum (ETH) is positioning for a year-end surge....

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

JPMorgan, Citi Among Banking Giants Abuzz About Tokenization of Real-World Assets (RWA) as DeFi Craves Collateral

September 28, 2023

Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million

September 28, 2023

Marathon Digital Admits to Mining an Invalid Bitcoin Block

September 28, 2023

What Is Toncoin (TON)? Everything You Need To Know

September 28, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,099.003.28%
  • ethereumEthereum(ETH)$1,656.903.77%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$215.131.84%
  • rippleXRP(XRP)$0.510.84%
  • usd-coinUSDC(USDC)$1.00-0.07%
  • staked-etherLido Staked Ether(STETH)$1,658.233.89%
  • cardanoCardano(ADA)$0.2495192.07%
  • dogecoinDogecoin(DOGE)$0.0614201.57%
  • solanaSolana(SOL)$19.724.00%
  • ToncoinToncoin(TON)$2.255.07%
  • tronTRON(TRX)$0.0863201.38%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • polkadotPolkadot(DOT)$4.082.05%
  • matic-networkPolygon(MATIC)$0.523.51%
  • litecoinLitecoin(LTC)$65.192.49%
  • bitcoin-cashBitcoin Cash(BCH)$238.373.45%
  • chainlinkChainlink(LINK)$7.923.44%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,135.003.60%
  • shiba-inuShiba Inu(SHIB)$0.0000071.07%
  • daiDai(DAI)$1.000.01%
  • true-usdTrueUSD(TUSD)$1.000.05%
  • leo-tokenLEO Token(LEO)$3.66-0.90%
  • uniswapUniswap(UNI)$4.445.11%
  • avalanche-2Avalanche(AVAX)$9.263.58%
  • stellarStellar(XLM)$0.1135630.99%
  • moneroMonero(XMR)$145.52-0.40%
  • okbOKB(OKB)$43.201.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.00-0.11%
  • ethereum-classicEthereum Classic(ETC)$15.843.63%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.152.26%
  • hedera-hashgraphHedera(HBAR)$0.0496941.00%
  • filecoinFilecoin(FIL)$3.293.01%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • lido-daoLido DAO(LDO)$1.6110.10%
  • makerMaker(MKR)$1,527.163.86%
  • internet-computerInternet Computer(ICP)$3.074.37%
  • crypto-com-chainCronos(CRO)$0.0504200.63%
  • quant-networkQuant(QNT)$90.012.36%
  • MantleMantle(MNT)$0.3969102.57%
  • AptosAptos(APT)$5.361.54%
  • vechainVeChain(VET)$0.0168522.76%
  • ArbitrumArbitrum(ARB)$0.898.67%
  • optimismOptimism(OP)$1.323.90%
  • nearNEAR Protocol(NEAR)$1.102.78%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0470731.01%
  • aaveAave(AAVE)$66.6210.00%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,798.383.92%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.0873112.15%
  • algorandAlgorand(ALGO)$0.0978963.50%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.18-0.18%
  • usddUSDD(USDD)$1.000.07%
  • blockstackStacks(STX)$0.4845406.05%
  • xdce-crowd-saleXDC Network(XDC)$0.0490300.15%
  • immutable-xImmutableX(IMX)$0.582.27%
  • havvenSynthetix Network(SNX)$2.081.17%
  • fraxFrax(FRAX)$1.00-0.01%
  • radixRadix(XRD)$0.0629161.59%
  • elrond-erd-2MultiversX(EGLD)$24.784.64%
  • theta-tokenTheta Network(THETA)$0.642.49%
  • eosEOS(EOS)$0.572.23%
  • sapphireSapphire(SAPP)$0.7035.32%
  • Bitget TokenBitget Token(BGB)$0.4560171.48%
  • the-sandboxThe Sandbox(SAND)$0.3051911.45%
  • tezosTezos(XTZ)$0.672.19%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$32.132.48%
  • injective-protocolInjective(INJ)$7.271.93%
  • axie-infinityAxie Infinity(AXS)$4.521.60%
  • thorchainTHORChain(RUNE)$1.9311.72%
  • render-tokenRender(RNDR)$1.533.26%
  • decentralandDecentraland(MANA)$0.2982781.63%
  • fantomFantom(FTM)$0.1893611.68%
  • neoNEO(NEO)$7.322.40%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • kavaKava(KAVA)$0.632.57%
  • gatechain-tokenGate(GT)$3.65-5.40%
  • ecasheCash(XEC)$0.0000252.63%
  • paxos-standardPax Dollar(USDP)$1.00-0.08%
  • compound-ethercETH(CETH)$33.343.93%
  • flowFlow(FLOW)$0.4485271.70%
  • pax-goldPAX Gold(PAXG)$1,871.96-0.48%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • tether-goldTether Gold(XAUT)$1,865.54-0.74%
  • curve-dao-tokenCurve DAO(CRV)$0.520.74%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • kucoin-sharesKuCoin(KCS)$4.592.31%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • frax-shareFrax Share(FXS)$5.953.52%
  • apecoinApeCoin(APE)$1.197.58%
  • Frax EtherFrax Ether(FRXETH)$1,655.394.07%
  • rocket-poolRocket Pool(RPL)$22.021.00%
  • iotaIOTA(MIOTA)$0.1525632.56%
  • Rollbit CoinRollbit Coin(RLB)$0.12595116.72%
  • chilizChiliz(CHZ)$0.0583492.06%
  • Tokenize XchangeTokenize Xchange(TKX)$4.861.65%
  • First Digital USDFirst Digital USD(FDUSD)$1.00-0.02%
  • huobi-tokenHuobi(HT)$2.41-0.18%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000651.28%
  • mina-protocolMina Protocol(MINA)$0.3758931.55%
  • bittorrentBitTorrent(BTT)$0.0000001.45%
  • klay-tokenKlaytn(KLAY)$0.1135621.21%
  • galaGALA(GALA)$0.0135092.20%
  • DogechainDogechain(DC)$0.001787-24.98%
  • casper-networkCasper Network(CSPR)$0.0313140.97%
  • SuiSui(SUI)$0.4483363.59%
  • dydxdYdX(DYDX)$1.943.36%
  • compound-governance-tokenCompound(COMP)$49.5122.43%
  • gmxGMX(GMX)$37.505.55%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$1,735.363.65%
  • trust-wallet-tokenTrust Wallet(TWT)$0.782.72%
  • Nexus MutualNexus Mutual(NXM)$47.593.63%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$1,753.674.02%
  • apenftAPENFT(NFT)$0.0000000.39%
  • nexoNEXO(NEXO)$0.55-2.26%
  • dashDash(DASH)$26.972.34%
  • PepePepe(PEPE)$0.000001-0.80%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • gemini-dollarGemini Dollar(GUSD)$1.000.07%
  • woo-networkWOO Network(WOO)$0.1666782.02%
  • WEMIXWEMIX(WEMIX)$0.92-1.44%
  • zilliqaZilliqa(ZIL)$0.0170441.94%
  • arweaveArweave(AR)$4.242.89%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • 1inch1inch(1INCH)$0.2684704.23%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • FlareFlare(FLR)$0.010898-0.29%
  • pancakeswap-tokenPancakeSwap(CAKE)$1.171.92%
  • conflux-tokenConflux(CFX)$0.1253412.27%
  • gnosisGnosis(GNO)$100.973.78%
  • basic-attention-tokenBasic Attention(BAT)$0.1737033.14%
  • liquity-usdLiquity USD(LUSD)$0.990.04%
  • AstarAstar(ASTR)$0.0486734.32%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • convex-financeConvex Finance(CVX)$3.080.23%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • tomiNettomiNet(TOMI)$3.26-0.12%
  • huobi-btcHuobi BTC(HBTC)$26,950.002.79%
  • SafePalSafePal(SFP)$0.571.47%
  • WorldcoinWorldcoin(WLD)$1.792.04%
  • illuviumIlluvium(ILV)$40.003.03%
  • qtumQtum(QTUM)$2.243.65%
  • bitcoin-goldBitcoin Gold(BTG)$13.351.27%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • nemNEM(XEM)$0.0258102.88%
  • oec-tokenOKT Chain(OKT)$13.012.13%
  • celoCelo(CELO)$0.4526462.24%
  • chiaChia(XCH)$26.921.53%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • compound-usd-coincUSDC(CUSDC)$0.0230710.05%
  • mx-tokenMX(MX)$2.274.54%
  • escoin-tokenEscoin(ELG)$2.710.30%
  • fetch-aiFetch.ai(FET)$0.2178703.28%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • DeFiChainDeFiChain(DFI)$0.2980332.55%
  • ecomiECOMI(OMI)$0.0008260.57%
  • compound-usdtcUSDT(CUSDT)$0.0190980.00%
  • enjincoinEnjin Coin(ENJ)$0.2226600.87%
  • singularitynetSingularityNET(AGIX)$0.1796832.39%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • loopringLoopring(LRC)$0.1756232.50%
  • mask-networkMask Network(MASK)$2.663.90%
  • tether-eurtEuro Tether(EURT)$1.060.56%
  • SeiSei(SEI)$0.1198582.98%
  • Bone ShibaSwapBone ShibaSwap(BONE)$0.84-3.30%
  • decredDecred(DCR)$13.582.98%
  • theta-fuelTheta Fuel(TFUEL)$0.0333791.85%
  • oasis-networkOasis Network(ROSE)$0.0415482.29%
  • Access ProtocolAccess Protocol(ACS)$0.002065-3.42%
  • zcashZcash(ZEC)$26.390.78%
  • heliumHelium(HNT)$1.430.97%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • terra-luna-2Terra(LUNA)$0.52-0.51%
  • aragonAragon(ANT)$5.083.40%
  • justJUST(JST)$0.0226112.39%
  • telosTelos(TLOS)$0.76-4.60%
  • CoinmetroCoinmetro(XCM)$0.66506.72%
  • olympusOlympus(OHM)$11.420.37%
  • ethereum-name-serviceEthereum Name Service(ENS)$7.562.41%
  • Aleph ZeroAleph Zero(AZERO)$0.791.79%
  • osmosisOsmosis(OSMO)$0.3122452.09%
  • ankrAnkr Network(ANKR)$0.0193101.45%
  • SifchainSifchain(EROWAN)$0.154725-4.65%
  • biconomyBiconomy(BICO)$0.28661641.15%
  • BeldexBeldex(BDX)$0.0334061.92%
  • moonbeamMoonbeam(GLMR)$0.245714-5.28%
  • FUBT TokenFUBT Token(FUC)$2.09-1.05%
  • akash-networkAkash Network(AKT)$0.848.44%
  • holotokenHolo(HOT)$0.0010331.25%
  • stepnSTEPN(GMT)$0.1537952.43%
  • BolideBolide(BLID)$0.029333-6.99%