MRHB, an Islamic crypto platform, has forged an alliance with Reltime to integrate its shari'ah-compliant products into the Reltime Ecosystem. The MRHB platform provides interest-free DeFi, NFT and halal crypto asset opportunities.
CEO of Reltime, Marlene Julo said: "This collaboration marks a pivotal moment in our journey where we can target many key markets (MENA, Southeast Asia) more deeply, taking into account religious and social sensitivities of the end users. Together with MRHB network, we are not just envisioning but actively sculpting the future of the shari'ah compliant Web3 services. It's an exhilarating time for both teams, and the possibilities are boundless."
Added MRHB CEO Naquib Mohammed: "Reltime has built right suite of digital and financial services in its Layer-1 Blockchain platform. We see immense value in integrating and offering our shari'ah compliant service modules and business logic through Reltime to our institutional partners".
The Islamic finance industry reached almost US$4 trillion in 2021, with a growth rate of 17%, up from 14% in 2020, MRHB said.