Binance Launches Sharia-Compliant Crypto Staking to Target Middle East Growth
Binance has launched Sharia Earn, a crypto staking product that follows Islamic finance rules. CEO Richard Teng announced the launch during a Binance Square Webinar. He called it the company’s most important product so far. Sharia Earn lets users earn rewards by staking certain cryptocurrencies. It starts with BNB and Solana. The product follows Sharia law, which means it is halal for Muslim investors. This is Binance’s first move into Islamic finance. The company wants to connect digital assets with financial products that meet Islamic standards. Richard Teng said this launch is a big step for both Binance and the crypto industry. He explained that Sharia Earn is for Muslim users everywhere. Teng said a fair financial system should respect the needs of every community. That is the goal behind Sharia Earn. He also said that Islamic finance values transparency and shared prosperity. These are the same values that guide Binance. Sharia Earn is now available in 30 markets. These include South Asia, Central Asia, the Commonwealth of Independent States, Indonesia, and Turkey. Binance plans to expand to more Muslim-majority countries soon. Bader Al Kalooti leads Binance’s operations and growth in the MENA region. He said there is strong demand for halal investment options. Many people in the Muslim community have asked for these products at events and meetings. Crypto use has grown fast in Muslim-majority countries. However, many yield products have not been available to these users. Sharia Earn was created to fill this gap. Amani Advisors, a well-known Sharia advisory firm, has certified the product. Each token offered through Sharia Earn is checked and approved to make sure it follows Islamic rules. Al Kalooti said Binance uses a clear Sharia governance process. Amani Advisors reviews the product regularly and does independent audits. Sharia Earn supports BNB and ETH-based tokens first. The rewards come from halal protocols. BNB rewards are paid daily at a changing rate, usually in more BNB. ETH and Solana users get wrapped tokens, WBETH and BSOL, which grow in value as rewards build up. Al Kalooti said Binance uses a strict process to pick which tokens are included. All rewards come only from halal activities. Binance expects that Sharia Earn will interest both individual and institutional investors. Al Kalooti said there is a big business opportunity. Binance has over 25 million users in key markets. Less than 3 percent use Earn products now. Sharia Earn aims to reach this large group. This launch fits with Binance’s goal to make finance more accessible. Islamic finance is becoming more popular in global fintech. Binance is now the first major crypto exchange to offer a certified Sharia-compliant staking product. The company wants to grow in the Islamic finance market, especially in the Middle East and Southeast Asia. He said this launch is the start of a new chapter. Crypto and Islamic finance can now grow together. Sharia Earn is now live on Binance. The company will make it available in more markets soon. #binance #Sharia_Earn #bitcoin #Pakistan #pakistanicrypto
it happened to me also. but that was few hundred I think around 300
lady billionaire 26
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I never imagined I’d be writing this, but today I woke up to a brutal reality — my $1600 investment was completely wiped out while I was asleep. It was my worst move yet: I had set multiple low-limit orders across various coins and decided to rest, trusting the system. By the time I woke up, everything was gone. Just like that.
What hurts the most is that this wasn’t just my account — I was trading on behalf of my brother, with the hope of surprising him with a profit for his birthday. I truly believed I could make it work. Instead, I ended up losing it all.
It’s a harsh reminder of how deep, unpredictable, and unforgiving the world of crypto can be. I’m trying to keep myself busy so it doesn’t consume me completely, but yes — it hurts. It really does.
To anyone out there riding the crypto wave: stay sharp, manage your risk, and don’t underestimate how quickly things can turn. Sometimes, the best move is to pause and reflect.
Taiko Trading Competition: Trade Taiko (TAIKO) and Share about $1M of Rewards
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Wallet is excited to launch the Taiko Trading Competition on Binance Alpha! During the Promotion Period, trade TAIKO in your Binance Wallet (Keyless) or via Binance Alpha to share exclusive token rewards. Any user who is eligible to trade Binance Alpha tokens is eligible to participate in this trading competition. Promotion Period: 2025-05-31 06:00 (UTC) to 2025-06-14 06:00 (UTC) General Rules: Participants will be ranked according to their total purchase volume on TAIKO during the Promotion Period. The top 11,500 users by purchase volume of TAIKO tokens during the Promotion Period will share 1,495,000 TAIKO tokens equally (130 TAIKO per user). Please Note: Only trades executed via Binance Wallet (Keyless) or Binance Alpha will qualify in this Promotion. Third-party dApp transactions are excluded.Only cumulative purchases count during the campaign. Selling is excluded.No Volume Caps: There is no cap on the trading volume for each participant in this Promotion.Transactions related to bridging of tokens are not eligible for this Promotion. How to Participate: Update your Binance App to the latest version, ensure you have created a Binance Wallet (Keyless) and backed it up.During the Promotion Period, trade TAIKO on Binance Wallet (Keyless) or Binance Alpha. After the Promotion Period ends, rankings will be automatically calculated. Eligible winners will receive their rewards in their Binance Alpha accounts before 2025-06-28 16:00:00 (UTC). Terms & Conditions: These terms and conditions (“Activity Terms”) govern your participation in this activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions (b) Binance Terms of Use; and (c) Binance Privacy Policy. Only users from qualified regions who complete account verification (KYC) and hold an active Binance Wallet shall be eligible. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed. Tokens will not be distributed to users who delete or deactivate their Binance Wallets.Reward Distribution:All rewards will be distributed in TAIKO tokens, according to the reward distribution mentioned above.Token rewards will be distributed to eligible users before 2025-06-28 16:00:00 (UTC).Eligible winners can check their token rewards directly on their Binance Alpha accounts or Binance Wallet (Keyless).Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2025-05-31 Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning. Binance Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Wallet Terms of Use and always do your own research. Binance Alpha features emerging digital assets which are not listed on the Binance Exchange and which are generally expected to have a low market capitalisation and unique or novel characteristics. The inclusion of a digital asset as a Binance Alpha asset does not in any way imply, directly or indirectly, that such digital asset will be listed on Binance Exchange in the future. As digital asset prices can be volatile, the value of any investment that you make in Alpha Assets may go down or up and you may lose all or part of the value of the amount that you invest. Please note that in relation to Binance Alpha (i) the risk of loss of all or part of your investment is magnified with Binance Alpha assets as they are subject to increased price volatility (ii) by purchasing Alpha Assets, you are exposed to price slippage and blockchain fees, which can have a negative impact of the price of Alpha Assets (iii) Alpha Assets cannot be withdrawn from the Binance Exchange, and you will only be able to access Alpha Assets from your Alpha Account only. You are solely responsible for your investment decisions. Binance will not in any circumstances be responsible or liable for any losses that you may incur arising directly or indirectly from an investment in Binance Alpha Assets.