Binance has launched Sharia Earn, a new feature designed to cater to Muslim users by offering Sharia-compliant staking options. This product allows users to earn passive income through staking major cryptocurrencies like BNB, ETH, and SOL while adhering to Islamic finance principles.
*Key Features:*
- *Sharia Compliance*: Sharia Earn is certified by Amanie Advisors, a globally recognized Sharia advisory firm, ensuring that the product aligns with Islamic investment guidelines.
- *Available Cryptocurrencies*: Users can stake BNB, ETH, and SOL, with wrapped versions like WETH and BNSOL also included.
- *Geographic Availability*: Sharia Earn is available in 29 countries, including Afghanistan, Algeria, Bangladesh, Egypt, Indonesia, Pakistan, Saudi Arabia, and the UAE.
- *Transparent and Values-Driven*: The product is built on the infrastructure of Binance Earn's existing staking products, with mechanisms in place to ensure compliance with Islamic finance principles.
*Benefits:*
- *Inclusive Finance*: Sharia Earn aims to make decentralized finance (DeFi) more accessible to Muslim users, promoting financial inclusion and innovation.
- *Certified Compliance*: Amanie Advisors' certification ensures that the product meets the requirements of Sharia principles, providing users with assurance that their investments are faith-compatible.
*What to Expect:*
- *Expansion*: Binance plans to monitor uptake and regulatory developments closely, potentially expanding Sharia Earn to more countries in the future.
- *Future Developments*: The company has hinted at introducing more Islamic finance-aligned innovations, with Sharia Earn being just the beginning of a broader strategy to serve Muslim users with compliant crypto offerings.
