12 Oct 2025
- 14 Comments
When Binance rolled out its new Sharia Earn platform on July 11, 2025, the crypto world got a glimpse of an unlikely marriage: high‑tech finance meeting age‑old Islamic law. The launch event unfolded in Dubai, United Arab Emirates, and was later highlighted in a Binance Square Webinar on July 14, where CEO Richard Teng called it the company’s "most meaningful product yet."
Background: Islamic Finance Meets Crypto
Islamic finance, a $4 trillion‑plus industry, has long avoided crypto because of worries over riba (interest) and gharar (excessive uncertainty). Yet the demand for halal investment avenues has been simmering. In Southeast Asia alone, more than 200 million Muslims expressed interest in digital assets last year, according to a survey by the Islamic Development Bank.
Enter Amanie Advisors, a Malaysia‑based Sharia advisory firm. After a rigorous review involving dozens of scholars, the firm gave its seal of approval to Binance’s new staking model, which relies on a Wakala agreement – an agent‑principal structure that sidesteps interest while allowing profit‑sharing.
Details of the Sharia Earn Launch
The product, officially named Sharia Earn, offers staking for three major tokens: Binance Coin (BNB), Ethereum (ETH) and Solana (SOL). Expected annual returns sit between 5 % and 8 %, a figure that mirrors conventional halal savings accounts in the region. The platform went live the same day it was announced, with users able to opt‑in through a dedicated dashboard that highlights compliance status for each token.
Sharia Earn LaunchDubai was celebrated with a live webcast, where Teng said, "Today we are proud to introduce a staking solution that respects the values of Muslim investors worldwide. Transparency and shared prosperity are at the heart of both Islamic finance and our mission at Binance."
Within 48 hours, more than 50,000 accounts had activated Sharia Earn, according to data from Crowdfund Insider. Early adopters span seven countries – Afghanistan, Bangladesh, Egypt, Indonesia, Pakistan, Saudi Arabia, and the United Arab Emirates – where local regulators have signaled tentative support for the initiative.
- Launch date: July 11, 2025
- Supported tokens: BNB, ETH, SOL
- Annual return estimate: 5‑8 %
- Initial markets: 7 Muslim‑majority countries
- Certification: Amanie Advisors
Reactions from Binance and the Muslim Community
Richard Teng’s comments were echoed by community leaders. Sheikh Dr. Yusuf Al‑Qaradawi, a senior Sharia scholar based in Cairo, praised the effort, noting that "the product adheres to the core tenets of Islamic finance while opening a new frontier for halal digital assets."
Meanwhile, Binance’s public‑relations chief, Lina Hassan, stressed that the company will continue working with regional regulators to ensure ongoing compliance across differing interpretations of Sharia law.
Market Impact and Analyst Views
Industry analysts see the launch as a potential catalyst for a broader shift. Bloomberg’s crypto desk estimated that a successful halal staking product could unlock up to $30 billion in previously untapped digital asset capital over the next three years. "If Binance can prove the model works, we’ll likely see rivals like Coinbase and Kraken chase the same niche," said fintech commentator Mara Patel of The Financial Times.
However, skeptics caution that crypto volatility remains a risk. A recent report by the International Islamic Financial Market warned that price swings could jeopardize the perceived stability of halal returns, urging continuous oversight by qualified Sharia boards.
Future Outlook and Challenges
Binance says it plans to expand Sharia Earn beyond the initial three tokens, adding stablecoins that meet halal criteria after further audits. Partnerships with Islamic banks in Malaysia and Saudi Arabia are already under discussion, aiming to create a bridge between traditional banking deposits and crypto staking.
Regulatory clarity will be key. While the United Arab Emirates has a relatively crypto‑friendly stance, other markets like Saudi Arabia are still drafting specific guidelines for digital assets under Sharia law. Binance’s ability to navigate these differing regulatory landscapes will determine whether Sharia Earn can scale globally.
In the meantime, the company is rolling out educational webinars in Arabic, Urdu and Bahasa Indonesia to help potential users understand the mechanics and risks involved. The hope is that informed participation will build trust and keep the product aligned with both financial and religious expectations.
Frequently Asked Questions
How does Sharia Earn differ from regular crypto staking?
Sharia Earn uses a Wakala (agency) model rather than paying interest, meaning profits are shared between Binance and the user in a way that complies with Islamic law. The platform also screens the underlying projects to ensure they operate in halal‑permitted sectors.
Which countries can currently access Sharia Earn?
At launch, the service is available to residents of Afghanistan, Bangladesh, Egypt, Indonesia, Pakistan, Saudi Arabia and the United Arab Emirates. Binance says it will roll out to additional Muslim‑majority markets later this year.
What returns can users expect?
The platform markets an annualised return of roughly 5 % to 8 %, depending on the token and market conditions. These figures are comparable to conventional Islamic savings accounts but come with the volatility inherent to crypto assets.
Is the product fully Sharia‑compliant?
Yes. The staking model was vetted and certified by Amanie Advisors, which consulted a panel of scholars across Malaysia, Saudi Arabia and the Gulf region to confirm compliance.
What are the main risks involved?
Besides the usual crypto price swings, users must consider regulatory risk – some jurisdictions may later restrict or tax crypto staking. Additionally, differing interpretations of Sharia law could affect the product’s acceptability in certain markets.
Manish Mistry
October 12, 2025From a regulatory standpoint the introduction of a Wakala‑based staking model represents a nuanced reinterpretation of profit‑sharing mechanisms that have long been prohibited under classical riba doctrines.
Rashid Ali
October 13, 2025What’s exciting is that this approach could open doors for countless Muslim investors who have previously felt sidelined by the crypto space; the partnership with Amanie Advisors lends credibility, and the educational webinars in native languages show Binance is serious about community outreach.
Tanvi Shrivastav
October 13, 2025Oh great, another “most meaningful product yet” that will magically turn volatile crypto into a halal savings account 🙄 – because apparently the market has been waiting for a financial alchemy trick that will definately work every time. 😒
Naman Patidar
October 14, 2025Meh.
Vinay Bhushan
October 14, 2025Look, the numbers speak for themselves; a 5‑8 % yield on a blockchain‑backed asset is a solid baseline for early adopters, and the transparent profit‑sharing model should give cautious investors the confidence to dip their toes in.
Gursharn Bhatti
October 14, 2025The real question isn’t whether Sharia Earn is compliant, but who is quietly mapping the data streams behind the scenes; every new financial product in the crypto sphere inevitably becomes a vector for state actors to monitor capital flows under the guise of religious legitimacy, and the involvement of multinational exchanges only deepens that web of surveillance.
Arindam Roy
October 15, 2025Sounds like marketing fluff.
Parth Kaushal
October 15, 2025The corridors of Dubai’s skyscrapers have never witnessed such a theatrical unveiling, where glittering banners proclaim the sanctity of finance while the market’s pulse throbs with restless anticipation. Binance, the leviathan of exchange platforms, has cast itself in the role of a modern‑day prophet, promising that the volatile seas of crypto can be tamed by the ancient principles of Sharia law. Yet behind the glossy press releases lies a labyrinth of legal scholars, each poring over fine print as if deciphering a sacred text, hoping to reconcile profit‑sharing with the prohibitions of riba. The Wakala agreement, a cornerstone of this venture, is presented as a moral compromise, but its implementation will inevitably be tested by the ever‑fluctuating valuations of BNB, ETH, and SOL. Investors are being offered a tantalizing 5‑8 % annual return, a figure that mirrors conventional Islamic savings, but the specter of crypto volatility looms large, threatening to erode that promise in a single market swing. The rollout across seven nations, each with its own regulatory tapestry, reads like a geopolitical chessboard where Binance positions itself as the benevolent ruler of a new financial order. Scholars from Malaysia to Saudi Arabia have stamped their approval, yet dissenting voices whisper that the true test will be the product’s resilience when the market experiences a severe correction. In the meantime, Binance’s marketing machine churns out webinars in Arabic, Urdu, and Bahasa, a cascade of educational content designed to assuage doubt and project confidence. The sheer speed of adoption-over fifty thousand accounts in the first forty‑eight hours-suggests a pent‑up demand for halal‑compliant digital assets that cannot be ignored. Still, history teaches us that every financial innovation carries the seed of its own disruption, and the integration of crypto into Islamic finance may spark debates that reshape jurisprudential boundaries. One can imagine future boardrooms where clerics and technologists argue over the definition of “excessive uncertainty,” a term that could become the fulcrum upon which this experiment pivots. Should the model prove sustainable, competitors will undoubtedly scramble to emulate it, potentially saturating the market with a plethora of Sharia‑aligned products. Conversely, a failure could reinforce skeptics’ claims that crypto remains fundamentally incompatible with the ethical framework of Islamic economics. As the sun sets over the Palm Jumeirah, the world watches with bated breath, wondering whether this marriage of technology and tradition will endure or dissolve in the next market storm. Only time will reveal whether Binance’s audacious gamble will be remembered as a pioneering triumph or a cautionary tale etched into the annals of financial history.
Namrata Verma
October 15, 2025Really? You’d think a crypto‑exchange could at least get the math right-5‑8 %? That’s not a miracle, that’s a baseline, and you’re glorifying it like it’s a revelation!!!
Rajesh kumar
October 16, 2025It is infuriating that a foreign‑owned exchange like Binance thinks it can dictate what is “acceptable” for our Muslim brothers and sisters without a single local regulator taking full ownership of the product; our own banks have been pioneering Sharia‑compliant finance for decades, yet we watch a multinational corporation swoop in with flashy branding and claim a monopoly on Islamic innovation. This is not just about finance; it is about cultural sovereignty, and allowing an external entity to set the standards erodes the very foundation of our community’s economic independence. The fact that they are promising returns that mimic traditional savings accounts while hiding behind blockchain jargon should raise alarm bells among anyone who values authentic halal certification. We must demand that any product marketed to our people be developed, audited, and governed by local scholars and institutions, not outsourced to a distant boardroom that cares more about market share than religious integrity.
sanjay sharma
October 16, 2025For a clear picture, review the certification documents released by Amanie Advisors; they outline the exact criteria used to assess compliance, which can help differentiate genuine Sharia‑aligned products from superficial branding.
Rani Muker
October 16, 2025It’s encouraging to see more options emerging, and as long as users stay informed and consider both the potential returns and the inherent risks, the ecosystem can grow in a way that benefits everyone.
Hansraj Surti
October 17, 2025In the grand tapestry of digital finance, each thread of innovation weaves a narrative that transcends mere profit and touches the soul of collective aspiration 🌌 the introduction of Sharia Earn is not just a product but a symbol of convergence where technology meets tradition a beacon that invites the curious to explore the uncharted horizons of ethical investment 🌟 as we navigate this evolving landscape let us remember that true wealth lies not only in the numbers displayed on a screen but in the shared values that bind us across continents and cultures 🌍 the journey ahead is filled with both promise and peril and it is our shared responsibility to steward this venture with wisdom humility and an unwavering commitment to authenticity 🕊️
Prince Naeem
October 17, 2025The interplay between faith and finance challenges us to redefine value beyond mere monetary metrics, inviting a deeper contemplation of what prosperity truly means.