š What is Sharia Earn on Binance?
Sharia Earn is a staking-only product launched in July 2025, explicitly designed to comply with Islamic finance (Shariah) principles. It was certified by Amanie Advisors, a reputable Sharia advisory firm, and marketed as the worldās first multi-token Sharia-compliant staking service
š Key Features:
Supported tokens: BNB, ETH, SOL
Mechanism: Uses staking (not lending), following a Wakala contract, avoiding interest (riba), excessive uncertainty (gharar), and funding of non-Sharia-compliant sectors
Reward structure:
BNB: rewards from onāchain activity paid daily to Spot Wallet.
ETH & SOL: Users receive liquid staking tokens (WBETH, BNSOL), which appreciate over time and are redeemable for the underlying assets plus halal earnings
ā Why Itās Considered Halal
Avoids Riba: Rewards are not guaranteed fixed interest but derived from validator/network fees.
Transaction transparency ensures clarity on how funds are used.
Shariah-certified structure and continuous monitoring lend credibility
š Sharia-Incompatible Binance Products
According to Binance and independent Islamic finance sources, these are not Sharia compliant:
Flexible Savings & Locked/Fixed Savings: treated as interest-bearing because user funds are lent out
Staking mixed with lending (e.g., Simple Earn, Super Earn, DeFi savings): very likely haram due to underlying lending usage
Margin, Futures, and Derivatives: considered haram due to riba, speculation (maisir), and gharar
š Broader Islamic Finance Insights
Staking (Proof-of-Stake) is generally seen as halal, as long as it isnāt conflated with lending or interest-bearing schemes
Earn products that treat your assets like loans without real value generation are widely considered riba and thus haram
Scholarly caution remains regarding transparency and structureācritical for ensuring compliance
š§ Pros & Cons of Sharia Earn
ā Pros ā ļø Cons
Officially Sharia-certified via Amanie Advisors. Limited to BNB, ETH, SOL; may expand later.
Based on pure staking, avoiding usury and interest. Staking rewards are tied to volatile network conditions.
Offers transparent, ethical passive income opportunities. Users must ensure the process remains fully compliant over time.
š Bottom Line
Sharia Earn is the only Binance product explicitly structured to meet Islamic finance standards using an approved, interest-free staking model. However:
Avoid traditional Binance Earn, Simple/Super Earn, and Savings productsāthey involve lending and are considered haram.
Steer clear of margin trading, futures, and derivatives.
Whenever in doubt, consult a qualified Islamic finance scholar to verify the Shariah Compliance
