Binance Launches First Shariah‑Compliant “Halal” Crypto Staking Service
Binance unveiled Sharia Earn, the first-ever Shariah-certified “Halal” crypto staking platform. The service allows users to stake BNB, Ethereum (ETH) and Solana (SOL) tokens under a model that avoids interest (riba), excessive uncertainty (gharar), and involvement with forbidden industries.
Certification was granted by Amanie Advisors on July 1, 2025, under a Wakala framework that directs users’ assets into vetted, compliant blockchain ventures.
Available in over 30 countries including Saudi Arabia, the UAE, Pakistan, Egypt and Indonesia, the platform issues daily rewards in Spot Accounts for BNB and tokenized units (WBETH, BNSOL) for ETH and SOL.
Joseph Richard Teng, Binance’s CEO, described the launch as:
“empowering the Muslim community and Sharia-focused investors”.
Bader Al Kalooti, Binance’s regional head for MENA, reported sustained interest during community events in the region.
According to Gulf Business, this marks Binance’s entrance into Islamic finance, targeting markets in the Middle East and North Africa. Coin World emphasized the move taps into a $4‑trillion global Islamic finance ecosystem and positions Binance as a pioneer in faith-aligned digital asset tools.
How it operates:
- Users stake BNB for fixed terms with rewards disbursed daily.
- Staked ETH and SOL yield tokenized versions that appreciate over time.
- All protocols undergo ongoing screening to maintain compliance. These measures aim to eliminate interest and reduce ambiguity commonly found in conventional crypto staking.
Though faith-driven users are the primary target, Binance suggests the model may attract anyone seeking greater transparency and ethical returns.
Industry observers describe Sharia Earn as raising the standard for ethical crypto finance, demonstrating that asset staking can conform to religious and moral precepts without sacrificing yield.
Looking ahead, this launch signals a widening of digital finance to include underrepresented communities. Whether other exchanges will follow remains to be seen.
