Binance Reveals Sharia-Compliant Multi-Token Staking
2025-07-11 13:31:39
Main Idea
Binance has launched a Sharia-compliant multi-token staking platform called Sharia Earn, certified by Amanie Advisors, offering staking for BNB, ETH, and SOL in 31 countries initially.
Key Points
1. Binance's Sharia Earn platform is officially certified by Amanie Advisors, ensuring compliance with Islamic finance principles.
2. The platform supports staking for Binance Coin (BNB), Ethereum (ETH), and Solana (SOL).
3. Initially available in 31 countries, including Afghanistan, Bangladesh, Egypt, Indonesia, and others, with plans to expand to more jurisdictions.
4. Rewards for BNB are generated on-chain through Simple Earn Locked Products, while ETH and SOL stakers receive WBETH and BNSOL respectively.
5. The platform aims to align with Islamic finance by avoiding interest (riba) and excessive uncertainty (gharar).
Description
Major crypto exchange Binance has launched a sharia-compliant multi-token staking platform, Sharia Earn , officially certified by Amanie Advisors , a major Sharia advisory firm. According to the press release, this is the first such platform in the world. The goal is to provide a more inclusive financial product in line with Islamic principles. Additionally, it will enable halal investing globally. Binance says that this is their first entry into Islamic finance. The new platform “has been devel...
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