Binance Launches Sharia Earn: World’s First Certified Halal Crypto Staking Product

July 14, 2025 2143

Binance, the world’s largest cryptocurrency exchange, has officially launched Sharia Earn—its first fully certified Sharia-compliant crypto staking product. Announced during the Binance Square Webinar by CEO Richard Teng, Sharia Earn is designed to provide Muslim investors worldwide with halal crypto investment opportunities.

What Is Sharia Earn?

Sharia Earn allows users to earn staking rewards on select cryptocurrencies, starting with Binance Coin (BNB) and Solana (SOL), while adhering strictly to Islamic finance principles. Each supported token is certified as halal by Amani Advisors, a globally recognized Sharia advisory firm.

According to Binance CEO Richard Teng, this marks a defining moment for both Binance and the wider crypto industry:

“A truly inclusive financial system must respect the values and needs of every community, and that’s the vision behind Sharia Earn.”

How It Works

  • Supported assets: BNB, ETH-based tokens, and Solana
  • Reward mechanism:
    • BNB: Daily variable staking rewards in BNB
    • Solana: Wrapped tokens (BSOL) increase in value over time
    • ETH: Wrapped WBETH accrues halal-compliant staking rewards

Binance emphasized a rigorous selection and certification process, ensuring all staking rewards stem solely from halal transactions and yield-generating activities allowed under Islamic law.

Certified by Amani Advisors

Sharia Earn is governed under a structured Sharia governance framework led by Amani Advisors. This includes:

  • Initial screening and certification of each token
  • Ongoing quarterly reviews
  • Independent Sharia audits

Bader Al Kalooti, Binance’s Head of Regional Operations for MENA, highlighted the growing demand:

“There’s a clear demand from the Muslim community for halal investing opportunities. We built Sharia Earn to address that need.”

Available Markets and Expansion

As of July 2025, Sharia Earn is live in over 30 markets including:

  • South Asia
  • Central Asia
  • Commonwealth of Independent States (CIS)
  • Indonesia
  • Turkey

Binance confirmed plans for expansion into additional Muslim-majority countries, focusing on the Middle East and Southeast Asia.

Why Sharia Earn Matters

Islamic finance prohibits earning interest through non-compliant means like lending with interest (riba) or investments in prohibited industries. Staking crypto under halal conditions offers a new way for Muslim investors to participate in digital finance while respecting religious guidelines.

Sharia Earn bridges the gap between traditional Islamic finance and the modern world of cryptocurrency, making Binance the first global crypto exchange to offer a certified Sharia-compliant staking product.

Potential for Growth

Binance has over 25 million users in key Islamic finance markets, yet less than 3% currently use crypto earn products. By introducing Sharia Earn, Binance hopes to tap into this under-served market.

Bader Al Kalooti noted:

“From a business perspective, there’s significant opportunity—both for retail users and institutions.”

A Step Forward for Financial Inclusion

Sharia Earn aligns with Binance’s broader financial inclusion strategy. With Islamic finance gaining traction globally, especially in fintech and blockchain sectors, this launch positions Binance as a pioneer in halal digital asset products.

Conclusion

With Sharia Earn, Binance sets a new standard in the crypto industry, offering Muslim investors a reliable, certified halal staking option. Live now on the Binance platform, the product is expected to roll out more broadly in the coming months.

For full details and availability, users are encouraged to visit Binance’s official website or app.