Binance, the world’s largest cryptocurrency exchange, has introduced Sharia Earn, the first multi-token staking platform that follows Sharia law and has been approved by Amanie Advisors. This is Binance’s first official foray into Islamic finance, which is worth $4 trillion.

Sharia Earn lets Muslim investors take part in decentralised finance (DeFi) while following Islamic rules. This solves the issues that have been lingering for a long time regarding following religious rules when investing in Bitcoin.

Sharia Earn works with Binance Earn’s existing infrastructure and supports major cryptocurrencies like BNB, ETH, and SOL. The platform works on a Wakala-based approach, which means that Binance is an agent who manages assets but doesn’t guarantee fixed returns. This is in line with Islamic financial standards, and some of the most important features are;

The platform makes sure that all funds go to halal businesses, which is in line with the ideas of risk-sharing and wealth circulation.

Sharia Earn is now available in more than 30 countries, including Saudi Arabia, the UAE, Pakistan, Indonesia, and Egypt, which are all large Muslim markets. Binance wants to make it easier for people to use blockchain technology and Islamic financing. 

There are promotional initiatives to help with the platform’s rollout; for example, there are $100,000 in USDT awards through leaderboards and referral programs, but you need to have the latest version of the Binance app to take part.

Sharia Earn is a big step toward inclusive finance since it lets Muslim investors participate in DeFi without going against their religious beliefs. The Islamic banking market is worth more than $4 trillion, but not many people are using crypto because they are worried about following the rules. 

Binance’s project, which is carefully checked by Sharia, fills this vacuum and could open up billions of halal digital assets. “This is more than just a product,” said CEO Richard Teng. “It’s a movement toward a more fair and principled digital economy.”

Sharia Earn sets a new norm for halal crypto investing, but there are still problems. Some experts say that crypto is not allowed in Islam because it is too risky.

Binance helps with this by using clear, Sharia-compliant architecture, but more people need to learn about it for it to be more widely accepted. In the future, token offerings may grow, and new DeFi products may be added. This could change Islamic finance by using blockchain’s transparency.

Sharia Earn from Binance is a pioneering combination of Islamic finance and blockchain technology that gives Muslim investors a legal way to make passive income through crypto staking. Binance is changing the crypto landscape for Muslims throughout the world by putting transparency, ethical investing, and accessibility first. This will help make the digital economy more accessible to everyone.