Binance Launches Sharia Earn — First Certified Multi-Token Sharia-Compliant Staking
Binance has launched Sharia Earn — a multi-token staking platform fully compliant with Islamic finance principles. It’s the first product from a major exchange certified by Amanie Advisors, in accordance with Sharia law: prohibiting riba (interest), gharar (excessive uncertainty), and “haram” sectors.
The platform debuted on July 1 with regulatory clearance. It offers staking for BNB, ETH, and SOL via Wakala (trust-based investment models). All protocols underwent detailed review by Sharia scholars, and profits are distributed daily with full transparency.
With Sharia Earn, Binance is making two strategic moves: Offering crypto-based yield to the nearly 2 billion Muslims worldwide — the Islamic finance sector is valued at over $4 trillion. Pioneering a “socially responsible” staking model, which could become a standard across the global industry.
Binance CEO Richard Teng emphasized: “Sharia Earn is more than a product — it’s part of our mission for financial inclusion and ethical standards.”
