Binance taps $4T market with first-ever Sharia-compliant staking service
Binance taps $4T market with first-ever Sharia-compliant staking service originally appeared on TheStreet.
In a major expansion move, Binance has introduced Sharia Earn, the world's first Sharia-compliant crypto staking service.
The platform, certified by Amanie Advisors, is hoping to soothe the years-long Islamic quandary regarding the compatibility of interest-free finance and the realm of decentralized assets. The multi-token crypto staking service taps into the growing interest in halal financial products among the world's 1.9 billion Muslims.
Although the Islamic finance sector is worth over $4 trillion, most of the community has been sitting on the sidelines of crypto due to the potential for riba (interest), gharar (uncertainty), and asset authenticity. Binance's Sharia Earn is a direct response to this trend.
The offering enables individuals in over 30 countries, including Indonesia, Saudi Arabia, Pakistan, and Egypt, to earn returns on BNB, ETH, and SOL through staking products designed to adhere to Islamic halal rules and ethics. It operates based on the Wakala contract, a Sharia-approved contractual structure that ensures revenue generation remains halal.
Richard Teng, CEO of Binance, said the launch "empowers the Muslim community and Sharia-focused investors to participate in one of the most exciting financial revolutions of our time."
What makes Sharia Earn notable isn't only religious compliance — it's the institutional-grade design and tech stack behind it. Based on Binance Earn's underlying staking infrastructure, the solution utilizes an established mechanism while utilizing a clear filter for halal eligibility.
It's also a test of how DeFi platforms can localize offerings without sacrificing decentralization or yield potential.
As crypto adoption accelerates in the developing world, products such as Sharia Earn may be essential tools in increasing financial inclusivity, not just through technology but by respecting cultural and even spiritual frameworks that mainstream finance sometimes ignores.
Binance taps $4T market with first-ever Sharia-compliant staking service first appeared on TheStreet on Jul 11, 2025
This story was originally reported by TheStreet on Jul 11, 2025, where it first appeared.
