Binance has launched Sharia Earn, a Sharia-compliant crypto staking platform designed for Muslim investors, marking its entry into the $4 trillion Islamic finance sector.

The platform supports major cryptocurrencies like BNB, ETH, and SOL, structured to meet Shariah standards and provide halal passive income opportunities.

It addresses concerns over currency permissibility and Islamic scholars' rulings, including those from Turkey’s Diyanet, by offering a compliant investment alternative.

Binance's initiative responds to religious sensitivities, allowing Muslim investors to participate in crypto while avoiding prohibited sectors and interest-based returns.

This move enables millions of Muslims to participate in crypto investing in a manner consistent with their faith, potentially setting a new standard for halal crypto finance.

Launched on July 10, 2025, Sharia Earn offers a multi-token staking service that adheres to Islamic financial principles, certified by Amanie Advisors, a leading Islamic finance consultancy.

The service has been certified by Amanie Advisors, ensuring it aligns with Islamic law, and has seen over 50,000 users engage within 48 hours of its launch.

The initiative is expected to inspire other exchanges to develop similar Sharia-compliant crypto products, expanding ethical investing options.

Binance CEO Richard Teng emphasized that Sharia Earn aims to promote a more principled and equitable digital economy, despite challenges like market volatility.

Binance plans to expand its offerings and explore partnerships with Islamic banks and fintech startups, demonstrating a long-term commitment to Islamic finance.

Sharia Earn is distinct from traditional staking models, employing wakala contracts to avoid interest and guarantee transparent risk and return, complying with AAOIFI standards.

Sharia Earn is available in 29 to 30 countries, including Indonesia, UAE, Saudi Arabia, and Egypt, targeting a significant Muslim investor demographic.