Binance Launches Sharia Earn, First Halal Multi-Token Staking Product

Binance Launches Sharia Earn, First Halal Multi-Token Staking Product
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Binance has introduced Sharia Earn, the world’s first Sharia-compliant multi-token staking solution designed for Muslim investors seeking ethical crypto investments aligned with Islamic finance principles, Blockchainreporter.net reported. The product, approved by Amanie Advisors, adheres to rules prohibiting interest (riba), excessive uncertainty (gharar), and investments in non-compliant industries like gambling or alcohol.

Sharia Earn uses Binance Earn’s infrastructure and includes products such as $BNB Simple Earn Locked, $ETH Liquid Staking, and $SOL Liquid Staking. Users can earn halal rewards daily through BNB staking, with the option to exit early at the cost of forfeiting rewards. For Ethereum and Solana, users receive liquid staked tokens (WBETH and BNSOL) that reflect value growth and can be redeemed anytime.

The program is available in select regions and regularly updated for eligibility, with compliance verified by qualified Sharia scholars. To celebrate the launch, Binance is running promotions with $100,000 in USDT rewards through competitions and referral incentives. Participation requires the latest Binance app, with terms and conditions applying.