Binance has taken a significant step into Islamic finance with the launch of Sharia Earn, a Shariah-compliant crypto staking platform tailored for Muslim and ethical investors.
What it is: Sharia Earn is the world’s first multi-token crypto staking service that aligns with Sharia principles—prohibiting interest (riba), avoiding excessive uncertainty (gharar), and forbidding investments in haram industries. It employs a Wakala model, where Binance acts as an agent without promising fixed returns, strictly adhering to halal guidelines.
Token support & mechanics: Initially, it supports BNB, Ethereum (ETH), and Solana (SOL). BNB staking offers variable daily rewards, while ETH and SOL staking issue liquid tokens (WBETH and BNSOL) that appreciate over time and can be redeemed anytime. All earnings are structured to be halal.
Sharia certification: The service is certified by Amanie Advisors, a respected global Sharia advisory firm, and incorporates ongoing quarterly reviews and independent audits to ensure compliance.
Global availability: It’s currently live in over 30 countries—including Pakistan, UAE, Saudi Arabia, Indonesia, Turkey, Egypt, and more—welcoming a large, underserved Islamic finance community.
Why it matters: With the Islamic finance sector valued at over $4 trillion, Sharia Earn represents a bridge between decentralized finance (DeFi) and faith-based investing, offering ethical, transparent, and accessible crypto opportunities for Muslim investors.
---
In essence, Sharia Earn is Binance’s commitment to inclusive innovation—offering certified, compliant ways for the Muslim community to engage in digital finance without compromising religious values.
If you'd like, I can help you explore how this can fit into Pakistani investor portfolios, compare it with other halal crypto platforms, or even draft content summarizing this for social or educational use—just let me know!
