Binance, one of the world’s biggest cryptocurrency exchanges, has launched a new crypto investment product called Sharia Earn, which follows Islamic finance principles. This is described as the first multi-token staking platform created especially for halal investing. The product has been certified by Amanie Advisors, a well-known Sharia advisory company.
Sharia Earn will be available in about 30 countries, including Pakistan, Saudi Arabia, UAE, Indonesia, Egypt, Afghanistan, and other countries with large Muslim populations. Binance says this launch is part of its plan to make financial services more accessible and support ethical investing for Muslims around the world.
Binance CEO Richard Teng said this product shows Binance’s mission to build a fair and open trading platform. By offering Sharia-compliant options, Binance wants to help Muslim investors join the fast-growing crypto market without going against their beliefs.
The launch of Sharia Earn is also seen as a way to attract more people to use crypto in a way that suits their faith. Staking is when investors lock their crypto tokens for a set time to earn rewards. With Sharia Earn, Muslim investors can do this in a way that is approved under Islamic finance rules.
This step could help build trust and encourage more Muslim investors to try crypto services. Overall, Binance wants to make crypto investing more inclusive so that people from different communities can benefit from the digital economy while staying true to their values.
