Binance Launches Special Cryptocurrency Staking for Muslims

Exchanges

Sharia Earn allows users to stake BNB, ETH, and SOL. The product is certified by Amanie Advisors, Shariah consultants, and operates on a wakala (trust-based investment) model for digital asset management.

Under this model, investors entrust their assets to Binance, which invests them in projects declared halal by the exchange. Profits are distributed according to pre-agreed terms, and both risks and returns are shared between the parties — a structure that is believed to avoid Sharia-prohibited interest (riba) and excessive uncertainty (gharar).

Initially, the Sharia Earn platform will be available in Saudi Arabia, the UAE, Indonesia, and Egypt. The combined Islamic finance market in these four countries exceeds $4 trillion.

This is not the first time major crypto companies have taken steps to promote their financial products in the Islamic world, particularly in the MENA region (Middle East and North Africa). For example, the blockchain platform Algorand was certified by Bahrain’s Shariyah Review Bureau (SRB), while the German fintech firm Caiz Development, which opened a marketing office in the UAE, announced the development of a blockchain and cryptocurrency compliant with Islamic principles.

Previously, Pakistan’s Ministry of Finance stated that traditional Islamic values and Shariah requirements complicate the integration of cryptocurrencies into the country’s financial system.

See also: "Monthly Trading Volume on Polymarket Hits $1.16B, but Trader Count Declines"

#BNB, ETH, SOL

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