Binance Launches Sharia Earn, World’s First Sharia-Compliant Platform

This development opens the door for observant Muslim investors to engage in crypto staking without violating religious prohibitions around interest, excessive uncertainty, or exposure to forbidden sectors such as alcohol and gambling.

Richard Teng, CEO of Binance, said "Our new Shariah Earn product offers halal-compliant earning opportunities, empowering the global Muslim community to participate in crypto confidently." The product is built on the Islamic Wakala model, where Binance acts as an agent managing users’ funds without guaranteeing fixed returns, avoiding riba and ensuring all rewards stem from asset-backed activities in line with Islamic principles.

What distinguishes Sharia Earn from conventional staking is its ethical screening and certification process. Amanie Advisors conducted an in-depth review of all program mechanics, including the source of staking yields, asset types, and operational safeguards. The firm issued a formal fatwa and compliance certificate dated July 1, 2025, signed by its chairman Dr. Mohd Daud Bakar, affirming the platform’s alignment with Islamic jurisprudence. Binance has committed to ongoing monitoring and periodic revalidation to ensure the program continues to meet Sharia standards as the ecosystem evolves.

Initially, Sharia Earn is available in over 30 jurisdictions, with a strong focus on Muslim-majority markets including Saudi Arabia, the United Arab Emirates, Egypt, Turkey, Pakistan, Indonesia, Malaysia, Nigeria, and Bangladesh. The product is currently offered on an opt-in basis through the Binance website, where users can access detailed documentation, compliance credentials, and FAQs explaining how each asset meets Islamic requirements.

The launch of Sharia Earn marks a strategic move by Binance to expand into the estimated $4 trillion Islamic finance market, which has long remained underserved by digital asset platforms. Observant Muslim investors have often avoided crypto participation due to the absence of Sharia-certified products, despite growing interest in blockchain technology across the Middle East, North Africa, and South Asia. Binance’s move may serve as a blueprint for how crypto platforms can responsibly serve religious communities without compromising on legal or financial integrity.

In addition to appealing to Muslim investors, Sharia Earn’s transparent, risk-averse design and ethical oversight may also attract non-Muslim users seeking socially responsible or faith-aligned financial products. The program excludes exposure to harmful industries and uses a conservative agent-based model that avoids the speculative risks of DeFi lending and yield farming.

Nevertheless, challenges remain. Islamic scholars continue to debate whether volatile cryptocurrencies are compatible with Islamic finance, given concerns about gharar, or excessive uncertainty. While Amanie Advisors’ certification lends legitimacy, broader religious consensus may take time to coalesce. Regulatory acceptance in key jurisdictions will also be critical to the platform’s long-term viability. Binance has indicated that additional tokens and Sharia-compliant decentralized finance (DeFi) offerings may be introduced in the future, depending on feasibility and continued certification.