Binance launches world's first Shariah-compliant multi-token staking

11/07/2025 02:12 AST

Binance, the global blockchain ecosystem behind the world's largest cryptocurrency exchange, has launched Sharia Earn in the UAE, the first multi-token staking service that meets the principles of Islamic finance, opening new doors for halal investing globally.

The Islamic finance market is over $4 trillion, yet millions of Muslims have been left out of the decentralized finance movement due to the ambiguity around religious compliance. Officially certified by Amanie Advisors, a globally recognized Sharia advisory firm, Sharia Earn seeks to address this gap.

This is Binance's first entry into Islamic finance. Launching with BNB, ETH, and SOL, the platform offers a Shariah-compliant earn product that allows users to earn yield within the parameters of a Shariah-compliant earn product which has been developed in alignment with faith-based principles.

Richard Teng, CEO of Binance, commented, "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."

Sharia Earn is where two financial systems meet - Islamic finance and blockchain technology. While crypto challenges traditional finance through decentralization, Islamic finance challenges it through halal guidelines - principles such as risk sharing, wealth circulation, prohibition of interest (riba) and excessive uncertainty (gharar).

Certified by Amanie Advisors, the product ensures that all deployed funds are channeled into ventures and assets that are halal (permissible) under Islamic law. Available in select markets to start, this platform is a new benchmark for halal crypto investing through transparency and halal compliance.

Along with the UAE, 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 (.com), Yemen, Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, and Tajikistan.

This is built with underlying tech from Binance Earn's existing BNB Locked Products, and ETH Staking & SOL Staking, with the mechanics of each having been reviewed by Sharia scholars and have been deemed to be fit for Muslim users, through the purpose fit Wakala agreement.

Khaleej Times