š 1. Binance Launches āShariah Earnā Platform
Binance introduced āShariah Earnā, a halal investment option for Muslim users.
Includes profit-sharing, non-interest-based crypto rewards, and asset screening based on AAOIFI (Islamic finance standards).
Assets included: Gold-backed stablecoins, utility tokens with ethical use cases, and select staking options (no interest-bearing loans).
Goal: Expand into the $2 trillion Islamic finance sector.
š Read more on Times of India
š 2. What Makes Crypto āShariah-Compliantā?
According to Shariah scholars, crypto is permissible (halal) if:
No involvement in haram activities (e.g. gambling, adult, alcohol, interest/usury).
Risk-sharing and transparency are upheld.
The token has real-world value or utility, not just speculation.
š Binanceās compliant assets often include:
Gold-backed tokens (XAUT, PAXG)
Islamic stablecoins (e.g. ISLM, CAIR)
Select DeFi protocols with profit-sharing (not interest)
š 3. Growing Demand from Muslim-Majority Nations
Binance sees rising usage in Pakistan, UAE, Malaysia, Indonesia, Nigeria, and Turkey.
Many users request certified halal portfolios and scholar-backed investment tools.
Binance Academy also launched content to educate about Shariah crypto ethics.
š 4. Islamic Crypto Partnerships (2025)
Binance has started working with:
Shariah Review Bureau (Saudi Arabia)
Islamic Coin (ISLM)
HAQQ Network ā a fully halal Layer-1 chain
These moves build trust among Muslim investors and regulators.
š Summary Table
FeatureHalal StatusAvailable on BinanceSpot trading of BTC/ETH
ā
Permissible
ā
YesFutures with leverageā Not halal
ā
Yes (use with caution)Shariah Earn staking
ā
Halal
ā
Yes (opt-in only)Interest-based DeFi lendingā Not halalā No on āShariah EarnāGold-backed stablecoins (PAXG)
ā
Halal
ā
Yes
#BINANCE #ISLM