On the heels of the strategic investment received from UAE-based Sheesha Finance last week, the world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce yet another strategic investment – this time from Dubai-based angel innovation investors Acreditus Partners.
Passionate Supporters of Innovation and Decentralized Finance
Encompassing both investment and partnership, the deal will also include the appointment of Acreditus Founder Mr Khalid Howladar as Chairman of the MRHB DeFi Governance Board.
A bespoke investment and advisory firm, Acreditus are passionate supporters of innovative start-ups and believe in the potential of decentralized finance to democratise access to the crypto-economy.
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MRHB’s strong community and ethics focus marks them out as different from the majority of the DeFi projects that are saturating the sector. Indeed these values are consistent with those of Acreditus whose partners are experts in their respective fields and offer a deep pool of advisory experience and skills in addition to angel capital.
“MRHB DeFi’s ethical and inclusive community vision for the cryptoverse marks a significant difference from other projects in this space that are fraught with failure and fraud,” says Mr Howladar, Acreditus Founder.
“When combined with the extraordinary potential to revolutionise finance I felt compelled to support them on their journey with both advice and then capital once I was able to assess the extraordinary combination of ethics and capabilities of the team,” he adds.
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Part of Mr. Howladar’s role will be to try and ensure high standards of corporate ethics, governance and risk management as the company seeks to mature from bootstrapped start-up to a more institutional quality business. In addition, his prior senior experience in the Islamic Banking sector will support more regulatory and institutional partnership building.
“MRHB DeFi are extremely proud that Acreditus Partners have chosen to support our venture on two fronts,” says Naquib Mohammed, MRHB DeFi Founder & CEO. “As a young firm, we have many challenges ahead on all aspects of our business and Khalid’s seasoned experience across multiple areas such as governance, risk and communications continue to prove invaluable to our team and hence a natural Chairman for our Governance Board.”
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