Investing in cryptocurrencies has become one of the most controversial topics in Islamic circles, especially when it comes to making profits from services like Staking.
Many Muslims wonder:
Are the profits resulting from this service considered Halal? Or do they resemble the prohibited usurious interests?
Binance developed the Sharia Earn service to provide a Sharia-compliant investment environment after a thorough Sharia review and guarantees to prevent any prohibited transactions. In this article, we will explain in detail what makes this service different, and why it may be a safe option for Muslim investors.
If you are not registered with Binance, you can sign up and get a $500 bonus and a discount on trading fees via this link.
https://www.binance.com/en/join?ref=CRYPTOARABI
First: Understanding the Staking mechanism.
Staking is the process of freezing your cryptocurrencies in the network to help secure it and validate transactions. In return, you receive rewards in the form of additional coins of the same type.
These rewards are not interest on lending money, but a compensation for a real service you provide, which is participating in operating and maintaining the network.
📌 The fundamental difference from usurious interests.
Usurious interest comes from lending money to a person or entity at a specified interest rate.
Staking rewards come from a real economic activity within the network (validating and securing transactions).
Second: Sharia monitoring.
The Binance Sharia Earn service is supervised by a specialized Sharia agent (Wakeel), who continuously reviews transactions to ensure:
No link between currencies or rewards and prohibited activities such as gambling, fraud, or fraudulent projects.
Ensure that the core activity of the network on which Staking is performed is legitimate and allowed.
Monitoring any returns or revenues that may come from mixed sources, and ensuring that their percentage does not exceed the permissible Sharia limit (5%).
Third: How does Binance ensure compliance with Sharia?
Carefully choose the networks.
Binance does not offer all Staking networks in the Sharia Earn service, but only selects networks that operate in legitimate fields and do not rely on prohibited activities.
Rewards from legitimate activity.
All profits come from network validation and maintenance operations, not from loans or interest on users' funds.
Filtering disallowed activities.
If the network is partially linked to non-compliant activities, the percentage of these activities is calculated, and what exceeds the permissible limit is excluded.
A transparent report for users.
Users can review the service terms and the Sharia review report to ensure the activity complies with Sharia.
🔗 Learn about the terms of Binance Sharia Earn
Fourth: The difference between Halal Staking and other potentially prohibited profit methods.
Margin Trading: Involves loans with interest, which is prohibited in Sharia.
Borrowing with fixed interest: Even if it’s in cryptocurrencies, it falls under the category of usury.
Gambling or betting: Such as betting on the outcomes of events or games of chance, which is prohibited.
Halal Staking:It relies on active participation in operating and securing the network, without any usurious interests or prohibited activities.
Fifth: What should you know before participating?
Understand the project you are investing in.
Even if it’s through Sharia Earn, you should know the nature of the network and its core activity.
Check the Sharia review.
Review the Sharia agent's report to know if there is a percentage of mixed activities and what the ruling on it is.
Do not invest all your capital.
Diversification is important, even in Sharia-compliant projects, as market fluctuations are possible.
Remember that profits are not guaranteed.
Rewards depend on the performance of the network and your level of participation, and are not a fixed or guaranteed amount.
Sixth: Benefits of choosing Sharia Earn for the Muslim investor.
Sharia reassurance: Because you know that your funds are not involved in prohibited activities.
Supporting committed innovation: You participate in financing and supporting blockchain projects that provide legitimate solutions.
Transparency: All information is available to you, and you can verify the source of the profits.
Long-term investment:Staking encourages holding coins for a longer period, which may protect you from emotional trading and rapid losses.
Summary
The Binance Sharia Earn service represents an important step in providing safe and Sharia-compliant investment opportunities for investors in the crypto field.
The fundamental difference between it and any form of usurious interest is that profits come from a legitimate economic activity within the network, not from lending money with interest.
If you are looking for a way to invest in cryptocurrencies without worrying about the Sharia aspects, this service may be a suitable option for you, provided that you understand its mechanism and regularly follow the Sharia review reports.
🔗 Discover more about Sharia Earn on Binance
