UAE Sheesha Finance invests in Marhaba DeFi

UAE Sheesha Finance invests in Islamic (DeFi) ecosystem Marhaba DeFi ( MRHB DeFi). As per the press release, UAE based Sheesha Finance partnership with Marhaba DeFi will include a strategic investment from the DeFi mutual fund to MRHB DeFi for an undisclosed amount. The partnership will also see both parties collaborate alongside mutually beneficial initiatives that align with and promote Islamic Finance business practices. In addition, MRHB DeFi stands to benefit from the premium network and connections of Sheesha Finance.As an early investor and supporter of MRHB DeFi, Sheesha Finance fully recognizes the vision, ambition and potential of the faith-based DeFi project, as well as its first-mover advantages in the DeFi space.

“As a decentralized fund we’re always on the lookout for like-minded projects and ideas that are looking to advance ethical finance and decentralize finance more. We’re very excited to have partnered with Marhaba, a unique value proposition in DeFi, who are doing that, and a lot more,” says Sheesha Finance CEO Saeed Al Darmaki.  

MRHB DeFi Founder & CEO Naquib Mohammed adds, “Sincere thanks to the Sheesha team led by Mr Saeed for this strategic investment and partnership opportunity. We are delighted to have Sheesha Finance as one of our early supporters and partners and are absolutely looking forward to utilizing the team's crypto and DeFi market expertise and experience. This partnership with  Sheesha Finance will open new avenues for growth and expansion for MRHB DeFi across its network.”