Binance has announced the launch of Sharia Earn, a first multi-token staking service that follows the principles of Islamic finance.
This is Binance’s first entry into Islamic finance. Launching with BNB, ETH, and SOL, the platform “offers a Sharia-compliant earn product that allows users to earn yield within the parameters of a Sharia-compliant earn product which has been developed in alignment with faith-based principles,” the company said.
Sharia Earn is officially certified by Amanie Advisors.
Richard Teng, CEO of Binance, commented, “Our mission has always been to create an inclusive and transparent trading environment. With this product we’re empowering the Muslim community and Sharia focused investors to participate in one of the most exciting financial revolutions of our time.
“This is more than a product – it’s a movement toward a more principled and equitable digital economy that promotes financial freedom for all.”
Sharia Earn will initially be available for users in the following countries: Afghanistan, Algeria, Bangladesh, Bhutan, Egypt, Indonesia, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Morocco, Nepal, Oman, India, Pakistan, Palestinian territories, Qatar, Saudi Arabia, Sri Lanka, Sudan, Tunisia, Turkey (.com), United Arab Emirates, Yemen, Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, and Tajikistan.
