Solv introduces Shariah-compliant bitcoin yield product with core ecosystem

Solv Protocol, an on-chain fund platform that enables users to earn smart yields on diverse assets via financial NFTs, has introduced a new Shariah-compliant Bitcoin staking product.

SolvBTC.CORE is a liquid staking token developed to meet the principles of Islamic finance. It allows BTC holders to earn yield by helping secure the Core blockchain and participating in decentralized finance (DeFi) activities.

The product was developed in collaboration with Nawa Finance and has received Shariah certification from Amanie Advisors. 

The launch comes as the platform surpasses $2 billion in locked BTC.

The new offering provides Middle Eastern BTC holders with a compliant path to engage in on-chain staking and DeFi, enabling them to earn additional returns on their Bitcoin holdings while adhering to ethical investment standards.

Ryan Chow, founder of Solv Protocol, said the product creates new opportunities for institutional investors in the region. He noted that aligning with both Islamic finance and international regulatory standards could support the broader adoption of digital assets by sovereign wealth funds and traditional financial institutions.

Shaqir Hashim, a core contributor at Nawa Finance, emphasized the high level of BTC ownership in countries such as Saudi Arabia, the UAE, Pakistan, Nigeria, Indonesia, and Malaysia. He said the demand is shifting toward yield-generation solutions aligning with local values and compliance requirements.

Solv Protocol provides infrastructure that enables Bitcoin holders to stake, lend, and invest while earning yield across the DeFi landscape.