MRHB DeFi and Coinsbit India Partner to Bring Halal Crypto to India

Posted by Dinesh Kumar on August 30th, 2021

Melbourne, Australia, Aug 30, 2021 -- The world’s first halal DeFi ecosystem MRHB DeFi is collaborating with leading Indian cryptocurrency trading platform Coinsbit to bring crypto-asset opportunities to India’s huge population of 200 million Muslims, driving further participation in the blockchain economy.

MRHB DeFi’s vision of an inclusive crypto-verse, follows Islamic ethical finance principles but is suitable for those looking for a socially conscious blockchain that avoids interest, usury, exploitation and other business practices deemed unethical.

Being Halal means that MRHB DeFi operates within the highly ethical constraints of Shariah law which broadly implies that all business decisions are conducted in conjunction with Islamic teachings which promote inclusion, access, and faith, and function simply and transparently for the benefit of its users.

A Visionary Partnership to Serve 200 Million Muslims

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 cryptoverse due to their faith-driven principles regarding financial and business conduct.

Coinsbit India started its operations recently and has already captured market attention by onboarding a million users in around three months.