Binance has announced the launch of Sharia Earn, a multi-token staking product designed to comply with Islamic finance principles. This initiative aims to provide faith-aligned cryptocurrency solutions and inclusive financial offerings. The announcement was made in a press release.
According to Daily Times, Binance introduced Sharia Earn to address a long-standing gap in crypto investments for Muslims, adhering to Islamic finance rules that prohibit riba (interest), gharar (excessive uncertainty), and haram sectors such as alcohol, gambling, and adult content. The service is set to launch in approximately 30 countries with significant Muslim populations, including Pakistan, the United Arab Emirates (UAE), Saudi Arabia, Egypt, and Indonesia. This product launch aligns with Binance’s broader goal of developing inclusive financial products that respect cultural and religious values.
Certified by Amanie Advisors, Sharia Earn supports the staking of BNB, ETH, and SOL through Binance Earn products. These include BNB Locked Products and ETH and SOL staking. The product operates under a Wakala structure ensuring full compliance with Sharia law as confirmed in a Sharia Compliance Certificate dated July 1, 2025. The reward mechanisms—offering daily halal returns for BNB and liquid staking tokens (WBETH and BNSOL) for ETH/SOL—are reviewed by scholars and detailed in Binance’s FAQs. This structure ensures both clarity and adherence to Islamic finance principles by directing user assets into halal blockchain ventures through screened protocols.
Crowdfund Insider reports that the global Islamic finance market is valued at over $4 trillion. To encourage early adoption across its target regions, Binance has introduced launch promotions totaling up to $100,000 in Tether (USDT) rewards. These are structured through campaigns featuring leaderboards, new-user vouchers, and referral red packets accessible via the Binance app and official website. These incentives reinforce Binance’s strategy to engage users with faith-aligned crypto tools. Early adoption metrics indicate significant traction, reflecting strong interest in ethically guided decentralized finance (DeFi) products.
Binance is headquartered in Malta and serves over 280 million users worldwide as a global cryptocurrency exchange platform offering comprehensive digital asset trading, staking, and financial services. It is recognized as the world’s largest crypto exchange by trading volume and continues expanding its product ecosystem to meet diverse regional and ethical investor needs.
