#ShariaEarn

Binance recently launched the Sharia Earn product as the first Islamic platform for earning from cryptocurrencies that complies with Islamic Sharia law. It has obtained a Sharia certification from the global Amanie Advisors organization, representing an unprecedented achievement in the Islamic financial market.

This product aims to bridge the gap between traditional Islamic finance and decentralized finance (DeFi), allowing for passive income opportunities from cryptocurrencies without engaging in interest (riba) or uncertainty (gharar), or prohibited activities according to Sharia principles. Binance has adopted a Wakala structure that ensures profits are a share of realized profits rather than a fixed predetermined interest.

The Sharia Earn product covers a range of major cryptocurrencies such as BNB, ETH, and SOL, where returns are distributed based on the actual performance of the network versus users' participation in securing or operating the network (staking), and it does not rely on interest-based lending.

The product has received official Sharia certification from specialized scholars, ensuring that the profit structure complies with Wakala contracts and prevents funding of prohibited activities and interest-based transactions. The service is available in several predominantly Muslim countries, including Egypt, Saudi Arabia, the UAE, Pakistan, India, and others, with plans to gradually expand its scope.