As
the Middle East rapidly embraces digital transformation, the intersection of
fintech and faith-based finance is gaining importance. While the region’s
interest in blockchain and digital assets continues to grow, many Muslim
investors remain cautious, seeking options that align with Islamic financial
principles. In response, Binance has launched Sharia Earn, a crypto product
certified as Shariah-compliant by the globally recognized Amanie Advisors.
Tapping
into the $4 trillion Islamic finance market, Sharia Earn is the first
multi-token staking service designed to meet the values and requirements of
halal investing. Launching with support for BNB, ETH, and SOL, the platform
allows users to earn passive income in crypto while adhering to Islamic finance
guidelines.
“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,” said Richard Teng, CEO of Binance. “This is more than
a product – it’s a movement toward a more principled and equitable digital
economy that promotes financial freedom for all.”
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. It reflects key principles such as
risk-sharing, the prohibition of interest (riba), and the avoidance of
excessive uncertainty (gharar).
Initially
available in over 30 countries, including the UAE, Saudi Arabia, Indonesia, and
Pakistan, Sharia Earn reflects Binance’s effort to offer crypto products that
align with technological developments and cultural values, providing a tailored
option for halal investing in the Islamic world.