In summary
Binance launched the Sharia Earn product, the first Sharia-compliant investment product for Muslims based on BNB, ETH, and SOL.
The product has been certified by Amanie Advisors and targets communities in Islamic countries with halal returns.
In a new step towards inclusive finance, Binance announced the launch of its new product "Sharia Earn", the first integrated and multi-token product for investing in digital currencies in accordance with Islamic Sharia principles.
This product allows millions of Muslims around the world to achieve growth for their digital assets in a Sharia-compliant manner, while maintaining transparency and full compliance with Islamic finance provisions.
Binance launches "Sharia Earn": the first multi-currency Islamic product to increase permissible returns in the crypto world.
"Sharia Earn" is a new investment product within the Binance Earn platform, allowing users to earn returns by locking their assets in specific products that include BNB, ETH, and SOL, without falling into religious prohibitions such as usury or uncertainty or dealing with forbidden sectors like alcohol, gambling, and unethical content.
Binance's launch of the "Sharia Earn" product is a direct response to an existing Sharia need: financing compliant with Islamic provisions.
It is worth noting that Sharia does not prohibit investment or profit, but requires permissible means and fair contracts free of uncertainty, usury, and injustice. Thus, this product is understood as an attempt to provide a contemporary alternative to crypto products that often implicitly involve religious prohibitions.
The product has been developed under the direct supervision of Amanie Advisors, a globally recognized advisory body in Islamic law, and is overseen by Dr. Mohammed Daoud Bakar, one of the leading scholars in Islamic finance.
With the growth of the decentralized finance sector and the expanding audience of Muslims using digital assets, this launch comes as a bold attempt to bridge a significant gap that has long hindered Muslims from entering digital markets with confidence and Sharia compliance.
How does the product work? Between the agency and the Sharia conditions.
The Sharia Earn product is based on the "Wakala" investment agency model, a contract permissible under Sharia, where the user delegates Binance to invest their funds in legitimate blockchain projects. These projects are monitored periodically to ensure compliance with Sharia standards, with full transparency regarding how returns are generated and distributed.
This agency relies on investing in legitimate blockchain projects (that have been screened), and returns called "investment returns" are paid for it, rather than interest.
BNB Locked Products: BNB coins are locked for a specified period, generating daily returns based on on-chain yields, which are deposited into the user's spot account.
ETH and SOL Staking: Users receive WBETH and BNSOL tokens upon subscription, which gradually increase in value based on permissible yield rates, and can later be redeemed for the underlying asset.
Every step, from subscription to distribution of returns, is subject to periodic Sharia audit by an independent entity to ensure continued compliance with Sharia provisions.
Who is eligible to use Sharia Earn? And which countries are included?
The product is currently available to Binance users in over 30 countries, including the UAE, Qatar, Saudi Arabia, Egypt, Tunisia, Morocco, Algeria, Iraq, Palestine, Turkey, Pakistan, Indonesia, and other Muslim-majority countries. Institutional users can also contact the Binance VIP team to participate in this program.
In celebration of the launch: Binance offers prizes up to $100,000.
To encourage users to subscribe, Binance announced two promotional campaigns:
Points Campaign: Win up to $80,000 in USDT prizes for new and existing subscribers through a points system and leaderboard.
"Red Packet" Campaign: About $20,000 in rewards is given through instant gifts, including registration bonuses and friend invitation incentives.
Binance's vision: Global financial inclusion that respects beliefs.
With this product, Binance affirms its vision of building a global financial ecosystem that embraces religious and cultural diversity, providing Muslim communities with investment tools compliant with their beliefs. Sharia Earn is not limited to compliance, but represents a qualitative shift in how digital finance solutions are understood and delivered to Islamic communities. This model opens the door for other crypto companies to offer similar models and raises an important question: Will the future of digital finance adopt religious and cultural diversity as a fundamental design principle? Binance believes so and is applying it in practice.
