#Sharia Hello to all traders, I bring you new information about a new STAKING platform, for Muslims and that is beneficial for all of us who invest in Binance ...

Sharia Earn is a Binance platform that offers cryptocurrency staking services designed to comply with the principles of Islamic finance, also known as Sharia. It aims to provide Muslim users with a way to participate in the world of cryptocurrencies while respecting their religious beliefs, avoiding elements such as interest (riba), extreme uncertainty (gharar), and activities prohibited by Islamic law.

What does it consist of?

Sharia Earn is based on the existing infrastructure of Binance Earn, but with modifications to ensure compliance with Sharia. It operates under a Wakala-based approach, where Binance acts as the asset manager but does not guarantee fixed returns. This aligns with the principles of Islamic finance, which prohibit the charging or payment of interest.

Key features:

Halal Compliance:

The platform has been certified by Amanie Advisors according to AAOIFI criteria, ensuring the absence of riba, gharar, and prohibited activities.

Accepted Tokens:

Users can stake BNB (Simple Earn Locked Products), ETH, and SOL (Liquid Staking) and receive daily rewards in their Spot wallets.

Flexibility:

Users can withdraw their staked assets early, although they may lose the rewards accumulated up to that point.

Focus on Transparency:

Binance presents itself as an asset manager, not as a guarantor of fixed returns, which reflects the Islamic finance approach to risk distribution.

Multi-token Platform:

Sharia Earn is the first cryptocurrency staking platform that offers Sharia compliance for multiple tokens.