Binance Launches Sharia Earn: Certified Halal Crypto Staking for Muslim Investors, Eyeing Middle East Growth

Binance has unveiled what it describes as its most meaningful product to date: Sharia Earn, a fully certified Sharia-compliant crypto staking solution designed to offer halal investment opportunities to Muslim users. The announcement was delivered during the Binance Square Webinar by CEO Richard Teng. The offering enables users to earn staking rewards on selected crypto assets, starting with BNB and Solana, while strictly adhering to Islamic finance principles. It marks Binance’s inaugural foray into the Islamic finance space and is viewed as a pivotal step toward bridging digital assets with Sharia-compliant financial products.

At the launch, Binance CEO Richard Teng characterized the development as a defining moment for both Binance and the broader crypto community. He stated, “Today, we are very proud to introduce Sharia-compliant staking solutions for BNB and Solana designed to meet the needs of Muslim users worldwide.” Teng added that a truly inclusive financial system must respect the values and needs of every community, and that vision underpins Sharia Earn. He further emphasized that the core tenets of Islamic finance—transparency and shared prosperity—are universal, aligning with the principles that guide all Binance initiatives. The product is live across 30 markets, spanning South Asia, Central Asia, the Commonwealth of Independent States, Indonesia, and Turkey, with plans to extend to additional Muslim-majority markets in the pipeline.

Overview and Significance

Sharia Earn represents a strategic expansion of Binance’s product portfolio into a market segment characterized by high demand for investment options that align with religious beliefs. The initiative comes at a moment when Islamic finance is experiencing renewed attention within fintech and digital asset ecosystems. The decision to launch a Sharia-certified staking product is anchored in a recognition of a sustained gap between mainstream crypto yield opportunities and the specific constraints of Sharia-compliant investment. By introducing a certified option, Binance aims to empower Muslim investors to participate in staking activities without compromising their religious obligations. This move is expected to resonate in jurisdictions with large Muslim populations where digital asset adoption has already shown considerable momentum but where product offerings that meet Sharia standards have historically been scarce.

The launch also signals a broader commitment to financial inclusion within the crypto sector. Binance is positioning Sharia Earn as a bridge between advanced blockchain technologies and traditional financial principles, aiming to create a more inclusive crypto environment that accommodates diverse cultural and religious contexts. In parallel, the move underscores a strategic belief that Islamic finance can play a meaningful role in the mainstream adoption of digital assets by providing trusted, ethics-aligned investment pathways. The emphasis on inclusivity reflects a broader industry trend toward designing crypto products that address the needs of underserved or underrepresented communities, with Sharia Earn representing a tangible embodiment of this approach.

Akey facet of the initiative is the emphasis on governance and transparency. The product’s certification process has been completed by a globally recognized Sharia advisory firm, ensuring that each supported token meets strict Islamic principles. Bader Al Kalooti, who leads Binance’s regional operations and growth for the Middle East and North Africa, highlighted the persistent demand for halal investing solutions across community engagements. He noted that Muslims increasingly seek investment opportunities that align with faith-based requirements, a sentiment echoed at community meetups across the region. He further explained that while crypto adoption has accelerated in many Muslim-majority markets, certain yield-generating products were previously inaccessible. Sharia Earn seeks to remove those barriers and broaden the scope of permissible crypto investments for this audience.

The geographic reach of Sharia Earn is expansive, with live operations in 30 markets, including key hubs in South Asia, Central Asia, the CIS, Indonesia, and Turkey. The expansion strategy suggests a deliberate plan to scale into additional Muslim-majority markets in the near term, leveraging Binance’s global platform and existing user base. The regional strategy is designed to align with local financial ecosystems, regulatory environments, and consumer behaviors, while ensuring that the product remains faithful to Islamic financial norms. This approach signals Binance’s intention to meet demand where it exists, while maintaining rigorous compliance standards that can reassure both retail and institutional participants.

Product Mechanics and Certification

Sharia Earn is structured to deliver halal staking rewards on selected crypto assets while maintaining adherence to Sharia principles. From a technical perspective, the initial rollout focuses on BNB and ETH-based tokens, with rewards distributed through protocols deemed halal. In the case of BNB staking, rewards are disbursed daily and typically take the form of additional BNB. For ETH-based assets and related tokens, the model employs wrapped versions to represent accrued rewards, namely WBETH for Ether-based tokens and BSOL for Solana-based holdings, allowing users to benefit from compounding over time as rewards accumulate.

The selection process for eligible tokens is described as rigorous. Al Kalooti emphasized Binance’s commitment to ensuring that all staking rewards arise from halal-based transactions and activities. This involves ongoing screening, quarterly reviews, and independent Sharia audits conducted by the advisory firm. The governance framework for Sharia Earn is designed to maintain continuous compliance, with governance-led oversight provided by Amani Advisors. This structure ensures that the product adheres to a high standard of religious conformity and provides a transparent mechanism for monitoring adherence over time.

The certification by Amani Advisors gives the product external validation that its underlying mechanics align with Islamic law. Token-by-token evaluation is conducted to assess issues such as permissible sources of reward, avoidance of prohibited activities, and alignment with ethical investment principles. The governance framework is described as structured, with ongoing oversight, periodic audits, and independent assessments designed to avoid drift from Sharia-compliant practices. The combination of initial token support, halal-developed reward mechanisms, and formal governance creates a credible pathway for Muslims seeking crypto investments that comply with religious guidelines.

In addition to the token-specific assessments, Sharia Earn is built to ensure transparency across its reward structure. The daily rewards, the nature of wrappers, and the underlying protocol activity are all subject to review to guarantee alignment with halal criteria. The framework also includes safeguards to prevent the inclusion of assets or yield streams that would contravene Sharia principles. This approach minimizes potential religious risk for users who rely on the certification to guide their investment decisions and helps maintain market confidence in a nascent product category.

Market Strategy, Adoption, and Implications

Binance’s rationale for Sharia Earn extends beyond serving a single demographic. The product is positioned to generate broader interest from institutional participants in Islamic finance markets, while also expanding access for retail investors seeking halal options. Al Kalooti noted that there is substantial opportunity on both retail and institutional fronts, given Binance’s large global user base. He cited that the platform has over 25 million users in key markets, yet less than 3 percent of them currently engage with Earn products. This disparity highlights a significant growth opportunity, which Sharia Earn aims to address by delivering a compliant, accessible, and scalable option that aligns with religious values and investment goals.

From a market development perspective, Sharia Earn aligns with Binance’s broader financial inclusion strategy. The product arrives at a moment when Islamic finance—traditionally anchored in regional banking ecosystems—has been gaining traction within fintech and crypto spaces. By combining Sharia compliance with the globally interoperable nature of blockchain technology, Binance envisions creating a new gateway for Muslims to participate in staking markets without compromising religious principles. This strategy is also attuned to geopolitical and economic realities in the Middle East and Southeast Asia, where Islamic finance has a significant footprint and where digital asset adoption is expanding rapidly across both retail and corporate users.

The collaboration with Amani Advisors adds a trusted compliance backbone to this initiative. The certification process and ongoing independent audits are designed to provide assurance to users and partners about the integrity of the product. The transparent governance mechanism is intended to reduce religious risk for participants and support sustainable growth in both markets where Islamic finance has deep cultural roots and those where it is emerging as a mainstream financial discipline. By delivering a product that blends cutting-edge blockchain capabilities with a principled framework, Binance aims to broaden the appeal of crypto assets in diverse financial cultures.

As part of its market exposure, Sharia Earn is described as having a significant potential to attract institutional capital. Islamic finance markets have shown appetite for sharia-compliant investment products, and digital assets are increasingly integrated into diversified portfolios. Binance’s stance is that institutional participation could be unlocked by providing products that meet strict halal criteria, published governance, and independent auditing. The combination of these attributes is expected to enhance credibility and stability in the eyes of traditional institutional buyers. The company’s analysis also points to a structural opportunity to address the current gap in Earn product adoption among existing users. With a large base of active users but relatively low usage of staking products, Sharia Earn could catalyze a broader shift toward higher adoption of compliant staking strategies.

Technical and Compliance Details

Sharia Earn’s initial technical design centers on two primary token groups: BNB-based assets and ETH-based assets. The reward models are built to ensure that distributions occur within the boundaries of halal activity. The daily distribution for BNB staking is straightforward, with rewards issued in the same token (BNB) on a daily cadence. For ETH-based tokens, the system employs wrapped reward constructs to reflect accrued gains over time, specifically WBETH and BSOL. These wrappers are designed to help users visualize increases in value as staking rewards accumulate, while maintaining a clear link to the halal nature of the underlying activity.

The certification and ongoing monitoring structure are a central feature. Amani Advisors oversees a structured Sharia governance framework, including ongoing screening, quarterly reviews, and independent Sharia audits. This framework is intended to maintain alignment with religious standards and to monitor for any drift that could compromise halal compliance. The governance approach balances the need for flexibility to adapt to evolving market conditions with the imperative to preserve the integrity of the product’s Sharia-compliant status. Users can be confident that independent checks are in place to verify that the staking operations generate rewards through permissible means.

Beyond the token-level assessments, the product’s broader risk-management stance focuses on ensuring that all stakeholders understand the halal criteria and the implications of participating in Sharia Earn. The initiative is designed to be clear about which assets are eligible, how rewards are calculated, and how ongoing compliance will be maintained. The intention is to provide a sense of predictability and trust in a space that has historically faced scrutiny over product quality and religious compatibility. The combination of token-level screening, a formal governance framework, and independent auditing is designed to create a robust compliance posture that can stand up to scrutiny from scholars, practitioners, and investors alike.

Culture, Values, and the Future Trajectory

The launch of Sharia Earn is framed by a broader corporate narrative at Binance that emphasizes inclusivity, transparency, and shared prosperity as universal values. Teng’s remarks connect Sharia Earn to the long-standing tenets of Islamic finance, stressing that the innovation does not compromise ethics but rather reinforces a principle-based approach to wealth creation. The emphasis on universal values aligns with the company’s claim that it seeks to harmonize modern technology with enduring financial ethics. This alignment is intended to reassure users who might otherwise be cautious about participating in crypto markets due to concerns about compliance and religious constraints.

From a strategic perspective, the introduction of Sharia Earn can be viewed as a signal of Binance’s ambition to shape the next phase of crypto adoption in culturally important regions. The platform’s expansion plan, with 30 markets already in operation and additional Muslim-majority markets on the horizon, reflects a deliberate effort to integrate crypto services into existing financial ecosystems in a way that respects local norms. The initiative also underscores the potential for crypto exchanges to act as bridges between traditional financial practices and innovative digital asset technologies, offering products that respect religious guidelines while delivering modern financial mechanisms such as staking rewards and liquid wrappers.

The comprehensive approach to governance, certification, and market expansion suggests that Binance intends Sharia Earn to be more than a niche product. By combining a rigorous Sharia-compliant framework with scalable technology, institutional interest, and a broad geographic footprint, the company seeks to establish a lasting presence in the Islamic finance landscape. The product’s credibility hinges on the ongoing, transparent verification of compliance, as well as the ability to adapt to evolving Sharia interpretations and market needs. If successful, Sharia Earn could become a model for future coexistence of crypto innovation and faith-based financial principles, potentially inspiring other platforms to pursue similar certified offerings in collaboration with respected Sharia authorities.

Conclusion

Sharia Earn marks a landmark moment for Binance and the broader crypto ecosystem as it directly addresses the demand for halal, Sharia-compliant staking opportunities in the digital asset space. By introducing a fully certified product that enables staking rewards on BNB and Solana through halal protocols, Binance is setting a precedent for ethical and transparent crypto offerings that resonate with religious investors around the world. The product’s certification by a respected Sharia advisory firm, the governance framework led by that advisor, and the ongoing independent audits collectively establish a robust compliance backbone that can support wide adoption.

The strategic timing of the launch—across 30 markets with expansion plans into additional Muslim-majority regions—demonstrates a clear intent to harmonize Islamic finance principles with cutting-edge blockchain technology. The emphasis on transparency, shared prosperity, and inclusivity aligns with the core values of Islamic finance and reflects Binance’s broader mission to foster financial inclusion through innovative solutions. The involvement of regional leadership in the MENA region and the explanation of strong, persistent demand for halal investment opportunities further validate the product’s market relevance and potential for sustainable growth.

Technically, Sharia Earn combines straightforward reward mechanics with a rigorous compliance regime. The use of daily BNB rewards and wrapped reward tokens (WBETH and BSOL) provides a practical and visually intuitive framework for users while preserving the halal integrity of the staking process. The ongoing screening, quarterly reviews, and independent Sharia audits establish a continuous loop of verification and accountability that gives practitioners, scholars, and investors confidence in the product’s adherence to Islamic law. The 30-market rollout and immediate ambition to broaden coverage reaffirm Binance’s belief that there is substantial room for growth in halal crypto investments, particularly in regions with strong Islamic financial traditions and rising digital asset activity.

Looking ahead, Sharia Earn is positioned to be more than a product launch. It represents a strategic pivot toward integrating Sharia-compliant finance with global crypto markets, potentially inspiring further collaboration between crypto platforms and Islamic finance advisory bodies. If the initiative proves successful, it could catalyze broader acceptance of crypto staking within faith-based investment communities and stimulate market development in regions where financial inclusion is a top priority. In the broader context of Islamic finance’s evolution within fintech, Sharia Earn stands as a significant example of how religiously-informed principles can coexist with innovation, offering practical pathways for Muslims worldwide to participate in the digital asset economy in a manner that respects their beliefs.

The product’s live status on the Binance platform confirms its readiness for user participation, with the anticipation of broader market availability in the coming months. As the crypto industry continues to mature, Sharia Earn embodies a thoughtful, principled approach to product design and governance—an approach that balances opportunity with responsibility, transparency with compliance, and innovation with faith. In this sense, Binance’s Sharia Earn is not merely a product launch; it is a strategic statement about the future of inclusive crypto finance in a globally connected, faith-conscious world.