Company: Marhaba Defi (MRHB.Network)
Product Name: MIRO – Ethical Staking and Community-Led Shariah Governance
Role: Chairman, Shariah Advisory Board
Client Type: Islamic Defi Ecosystem
Engagement Type: Strategic Shariah Structuring, Product Advisory, Certification
Overview:
As Chairman of the Shariah Advisory Board at Marhaba Defi, Dr. Farrukh Habib oversaw the Shariah structuring and ethical integrity of MIRO (Marhaba Incentivization & Reward Offering)—the world’s first halal crypto staking and governance platform.
The Challenge:
Defi protocols traditionally lacked ethical oversight and inclusive governance. For Muslim investors, the absence of halal staking options and Shariah-aligned community participation meant they remained on the sidelines of decentralized innovation.
The Solution:
MIRO was created to empower halal-conscious users to not just invest, but to govern and shape the ecosystem:
- Halal staking model designed to avoid Riba and Gharar while still rewarding participation
- On-chain voting system for proposals related to MRHB ecosystem products and services
- Token review governance, where users can vote on which tokens should undergo Shariah screening
- Scholar-reviewed outcomes, ensuring Islamic compliance is not crowd-sourced but community-prioritized and scholar-verified
Impact:
MIRO redefined what inclusive governance can look like in Islamic Defi. It offered Muslims a secure, ethical, and meaningful role in shaping the future of halal finance, creating the foundation for a more participatory and values-driven Web3 landscape.
