Binance Launches Sharia Earn, an Islamic Banking-Aligned Token

July 14, 2025 • FinTech News
Binance Launches Sharia Earn, an Islamic Banking-Aligned Token

Breaking New Ground in Islamic Finance

Binance, the world’s leading cryptocurrency exchange, has made a landmark move into Islamic finance with the launch of Sharia Earn – a revolutionary product that brings decentralized finance (DeFi) into compliance with Sharia law. This initiative opens the $4 trillion Islamic finance market to cryptocurrency investment while adhering to strict religious principles.

Certified Compliance with Islamic Principles

Developed in consultation with Amanie Advisors, a globally recognized Islamic finance consultancy, Sharia Earn meets all key requirements:

Key Compliance Features:

  • No Riba (Interest): Eliminates prohibited interest-based earnings

  • No Gharar (Excessive Uncertainty): Transparent investment structures

  • Asset-Backed: Investments tied to real blockchain utility

  • Ethical Screening: Excludes non-compliant industries

The product launches with three carefully vetted cryptocurrencies:

  1. Binance Coin (BNB)

  2. Ethereum (ETH)

  3. Solana (SOL)

Addressing a Massive Untapped Market

Sharia Earn responds to growing demand from Muslim investors:

Market Potential:
✔ 1.8 billion Muslims worldwide
✔ $4 trillion Islamic finance industry
✔ 70% of Muslims previously avoided crypto due to compliance concerns

Initial Target Markets:
→ Saudi Arabia
→ United Arab Emirates
→ Indonesia
→ Pakistan
→ Turkey
→ Egypt
→ Qatar

Product Mechanics and Benefits

Sharia Earn offers unique advantages:

For Investors:

  • Halal-certified earnings

  • Staking rewards without interest

  • Transparent blockchain verification

  • Low minimum investment thresholds

For the Crypto Ecosystem:
→ Broader adoption in Muslim-majority nations
→ Increased institutional participation
→ Enhanced credibility for blockchain finance

Leadership Perspective

Binance CEO Richard Teng emphasized the product’s significance:
“Sharia Earn represents more than financial innovation – it’s about inclusive access. We’re empowering Muslim communities to participate in the digital asset revolution while staying true to their values.”

Implementation and Availability

The rollout includes:

Phase 1 (Q3 2024):

  • 30+ countries

  • Mobile and web access

  • Multilingual support

Future Expansion:
✔ Additional compliant assets
✔ Institutional offerings
✔ Integration with Islamic banks

Industry Impact and Reactions

Financial experts highlight:

Positive Developments:

  1. Mainstream validation of crypto assets

  2. Bridge between traditional and digital finance

  3. Blueprint for other faith-based products

Challenges Ahead:
→ Ongoing Sharia compliance monitoring
→ Regional regulatory variations
→ Competing Islamic crypto products

The Road Ahead

Binance plans to:

  • Expand its Sharia advisory board

  • Develop educational resources

  • Partner with Islamic financial institutions

  • Continuously audit compliance