Binance launches Sharia-compliant crypto staking platform for halal investing

Binance has launched Sharia Earn, a faith-based crypto staking product certified by Islamic scholars. This marks the global crypto exchange’s first formal entry into the Islamic finance space. The platform aims to expand access to halal investing and empower Muslim users to participate in decentralized finance while adhering to Shariah principles.

Certified by Amanie Advisors, a Shariah advisory firm, Sharia Earn is the first multi-token staking product built to align with Islamic finance. The offering debuts with BNB, ETH, and SOL, allowing users in select countries to earn passive income from crypto assets through a model compliant with Islamic laws governing finance.

The global Islamic finance market is valued at over $4 trillion, yet many Muslims have remained cautious of participating in the crypto space due to concerns over religious compliance. Sharia Earn aims to address this by integrating halal principles such as risk-sharing, wealth circulation, and the prohibition of riba (interest) and gharar (excessive uncertainty).

The platform uses Binance Earn’s existing BNB Locked Products, ETH Staking, and SOL Staking infrastructure, reviewed and approved under a Wakala-based model by qualified Shariah scholars. All funds are directed toward ventures and assets certified as halal.

Sharia Earn will initially be available to users in over 30 countries, including Saudi Arabia, Pakistan, Egypt, Indonesia, Turkey, the UAE, and Bangladesh. Its rollout represents a significant step toward bridging the gap between Islamic finance and blockchain technology.

The launch comes amid renewed momentum in the cryptocurrency market. On Thursday, Bitcoin rose 2.1% to $110,961.70, just below its recent all-time high of nearly $112,000. Institutional interest continues to rise, with companies such as Strategy Inc. and GameStop Corp reportedly acquiring Bitcoin for their treasuries.

By offering Shariah-compliant staking options, Binance is not only diversifying its product range but also tapping into a largely underserved market segment, reinforcing its strategy to expand crypto access while respecting religious and ethical frameworks.