During Binance’s Sharia Virtual Super Meetup on Binance Square, Amanie Advisors CEO Maya Marissa Malek explained the fundamental criteria for a cryptocurrency token to be considered Sharia-compliant.
Malek, whose firm certified Binance’s newly launched Sharia Earn product, said tokens must strictly avoid any association with riba (interest or usury) and must not be tied to industries deemed non-compliant under Islamic law. This includes sectors such as conventional banking, alcohol, gambling, and pork-related businesses.
“A token’s structure and underlying protocol must also steer clear of excessive uncertainty (gharar),” she added. “Only tokens that align with Islamic ethical and financial standards can be considered halal.”
The explanation came as part of a broader discussion around the growing demand for faith-aligned crypto offerings. Binance’s Sharia Earn is the first multi-token staking product to be officially certified as compliant with Islamic finance principles, using a Wakala agreement structure to ensure halal capital delegation.