Global crypto exchange Binance has launched its first Islamic finance product with the launch of Sharia Earn, a staking service certified as Sharia-compliant by advisory firm Amanie Advisors.
Designed to align with Islamic principles such as the prohibition of interest (riba) and excessive uncertainty (gharar), the platform enables users in select markets to earn passive income from digital assets like BNB, ETH and SOL.
The move opens a new pathway for faith-based investors seeking access to crypto markets and signals Binance’s broader push to build inclusive, values-driven financial products.
Richard Teng, CEO of Binance, said: “Our mission has always been to create an inclusive and transparent trading environment. With this product we’re empowering the Muslim community and Sharia focused investors to participate in one of the most exciting financial revolutions of our time. This is more than a product – it’s a movement toward a more principled and equitable digital economy that promotes financial freedom for all.”
Spotlight on Sharia Earn
Sharia Earn brings together elements of Islamic finance and blockchain-based decentralised finance. While decentralised finance seeks to replace traditional intermediaries through technology, Islamic finance operates under religious principles such as risk-sharing, ethical investment and the prohibition of both interest (riba) and excessive uncertainty (gharar).
The product has been certified as Sharia-compliant by Amanie Advisors, an Islamic finance advisory firm. According to Binance, the structure ensures that user funds are directed toward ventures and assets deemed halal, or permissible under Islamic law.
Sharia Earn will initially launch in a selection of markets, including Saudi Arabia, Indonesia, Egypt, Pakistan, the United Arab Emirates, and more than two dozen other countries across the Middle East, South Asia and North Africa.
The service is based on existing Binance Earn products, including BNB Locked Products, ETH staking, and SOL staking. Each has been reviewed by Sharia scholars under a wakala agreement framework, which defines the roles of the platform and users in accordance with Islamic contract principles.
