Binance has made history by launching the world’s first Sharia-compliant multi-token staking product, called Sharia Earn. This groundbreaking platform allows Muslim investors and ethical finance enthusiasts to stake major cryptocurrencies including BNB, ETH, and SOL while adhering to Islamic financial principles, targeting the massive $4 trillion Islamic finance market.
Sharia Earn: Breaking New Ground in Halal Crypto Investing
Officially launched on July 10, 2025, Sharia Earn represents a historic milestone in cryptocurrency adoption. The platform has been officially certified by Amanie Advisors, a major Sharia advisory firm, making it the first such platform in the world. This certification ensures full compliance with Islamic finance principles while providing access to digital asset investment opportunities.
Key Platform Features:
- Supported assets: BNB (Binance Coin), ETH (Ethereum), and SOL (Solana)
- Certification: Amanie Advisors – globally recognized Islamic finance authority
- Availability: 30+ countries across Middle East, South Asia, and North Africa
- Framework: Wakala agreement structure ensuring halal capital delegation
Islamic Finance Principles in Cryptocurrency Staking
The platform is designed to align with Islamic principles such as the prohibition of interest (riba) and excessive uncertainty (gharar), addressing fundamental concerns that have prevented many Muslim investors from participating in cryptocurrency markets.
Core Compliance Requirements
Prohibition of Riba (Interest): Traditional staking yields are restructured to avoid interest classification, which is forbidden in Islamic law.
Elimination of Gharar (Excessive Uncertainty): The platform provides transparent, predictable returns without excessive speculation.
Halal Asset Selection: All funds are directed into ventures and assets that are permissible under Islamic law, with zero exposure to factors forbidden by Islam, such as alcohol, gambling, or adult content.
Risk Sharing: Following Islamic principles of equitable risk distribution rather than guaranteed fixed returns.
Technical Implementation and Reward Structure
The platform is built with underlying technology from Binance Earn’s existing BNB Locked Products, and ETH Staking & SOL Staking, with the mechanics of each having been reviewed by Sharia scholars.
How Rewards Work
BNB Staking: Users receive rewards daily at a variable rate, directly in Spot Accounts, with BNB rewards generated on-chain through the Simple Earn Locked Products. Available lock-up periods include 15, 60, 90, and 120 days.
ETH and SOL Staking: For ETH and SOL, users receive WBETH and BNSOL upon subscription. These tokens reflect both the principal and accumulated halal rewards, allowing users to maintain liquidity while earning yield.
Global Market Launch and Availability
Sharia Earn will initially be available for users in the following countries: Afghanistan, Algeria, Bangladesh, Bhutan, Egypt, Indonesia, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Morocco, Nepal, Oman, India, Pakistan, Palestinian territories, Qatar, Saudi Arabia, Sri Lanka, Sudan, Tunisia, Turkey, UAE, Yemen, Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, and Tajikistan.
This strategic geographic selection targets regions with significant Muslim populations and growing interest in digital assets, with Binance indicating plans to expand to additional jurisdictions based on user response.
Massive Market Opportunity
The launch targets a global Islamic finance industry that exceeds $4 trillion in value. Despite the massive scale of this market, few digital asset platforms have developed certified Shariah-compliant products.
Market Demographics:
- Global reach: Nearly 2 billion Muslims worldwide
- Adoption barriers: Religious compliance concerns have limited participation
- Institutional interest: Islamic banks and family offices expressing interest in halal crypto products
Binance argues that the Islamic finance market is over $4 trillion, but that the ambiguity around religious compliance prevents millions of Muslims from entering decentralized finance (DeFi) and earning passive income in crypto.
Leadership Vision and Strategic Goals
Richard Teng, CEO of Binance, stated: “Our mission has always been to create an inclusive and transparent trading environment. With this product we’re empowering the Muslim community and Sharia focused investors to participate in one of the most exciting financial revolutions of our time. This is more than a product – it’s a movement toward a more principled and equitable digital economy that promotes financial freedom for all.”
This marks Binance’s inaugural entry into Islamic finance, with plans for expansion based on market reception and ongoing compliance reviews.
Certification Authority and Compliance Framework
The credibility of Sharia Earn relies on certification by Amanie Advisors, led by renowned Islamic finance scholars. The Sharia Compliance Certificate was issued on July 1, 2025, with Binance using a Wakala contract model to maintain religious compliance.
Wakala Agreement Structure
Built on Binance Earn’s existing staking infrastructure, Sharia Earn has been reviewed by Shariah scholars and structured through a purpose-fit Wakala agreement to ensure full compliance, reflecting principles such as risk-sharing, prohibition of interest, and avoidance of excessive uncertainty.
Market Reception and Early Impact
The launch has already drawn attention from financial scholars and industry leaders, with the service reportedly adopted by 50,000+ users in 48 hours, offering 5-8% halal returns.
Maya Marissa Malek, CEO of Amanie Advisors, described it as “a breakthrough moment that brings digital finance and Islamic ethics together in a way that is both practical and principled.”
User Experience and Platform Access
Users must access the updated version of the Binance app (version 3.0.0) to use the service. Once enabled, participants can select from BNB, ETH, or SOL and begin staking with reward parameters displayed transparently in the user interface.
Simple Staking Process
- Update to Binance app version 3.0.0 or later
- Navigate to Sharia Earn section and filter for halal products
- Select from BNB, ETH, or SOL staking options
- Choose lock-up periods and staking amounts
- Confirm compliance terms and execute transaction
Industry Impact and Future Implications
This is the first staking service of its kind from a major global exchange, and it targets a growing demand within the Muslim community for investment options that align with religious values.
The success of Sharia Earn could inspire other cryptocurrency platforms to develop similar offerings, potentially accelerating the convergence of Islamic finance and digital assets across the industry.
Broader Market Effects
Legitimacy Enhancement: Formal religious certification adds credibility to cryptocurrency staking Adoption Acceleration: Removing religious barriers could significantly increase Muslim crypto participation Industry Standards: May establish new benchmarks for ethical and compliant crypto products Institutional Confidence: Professional certification could attract traditional Islamic finance institutions
Future Expansion Plans
Binance has outlined ambitious development plans including:
- Additional cryptocurrencies following Sharia compliance evaluation
- Geographic expansion to more countries
- Institutional products for Islamic banks and institutional investors
- Enhanced features including potential zakat calculation tools
Challenges and Considerations
While revolutionary, the platform faces several considerations:
- Regulatory evolution: Changing cryptocurrency regulations could impact operations
- Market volatility: Underlying crypto price fluctuations affect staked asset values
- Compliance updates: Islamic finance interpretations may evolve requiring adjustments
- Competition: Other platforms may develop competing Sharia-compliant products
Conclusion: A New Era for Inclusive Finance
Binance’s Sharia Earn represents more than a product launch—it’s a paradigm shift toward inclusive cryptocurrency adoption that respects diverse cultural and religious values. This platform is a new benchmark for halal crypto investing through transparency and halal compliance, representing where two financial systems meet – Islamic finance and blockchain technology.
By successfully integrating traditional Islamic finance principles with cutting-edge blockchain technology, Binance has opened the door for hundreds of millions of new users to participate in the digital asset ecosystem. This innovation demonstrates that modern financial technology can accommodate diverse religious requirements while maintaining security, transparency, and profitability.
The convergence of Islamic finance and cryptocurrency through Sharia Earn signals a future where traditional values and technological innovation work together to create more inclusive financial opportunities for all, potentially reshaping global cryptocurrency adoption patterns and establishing new standards for ethical finance in the digital age.
