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Binance Launches Sharia-Compliant Crypto Product in UAE and 28 Countries

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Dubai – Binance has entered the Islamic finance space with the launch of Sharia Earn, a blockchain-based crypto product certified as Sharia-compliant. The offering, now available in 29 countries, is aimed at empowering Muslim investors seeking faith-aligned alternatives in the digital finance ecosystem.

The product, certified by Amanie Advisors, ensures compliance with key Islamic finance principles including the prohibition of interest (riba), excessive uncertainty (gharar), and investments in non-compliant assets. Sharia Earn enables users to earn returns through approved staking mechanisms involving major cryptocurrencies like BNB, ETH, and SOL.

“This product empowers the Muslim community and Sharia-focused investors to participate in one of the most exciting financial revolutions of our time,” said Binance CEO Richard Teng, highlighting its alignment with ethical and transparent investing.

Faith-Driven Finance Meets Crypto Innovation

The launch addresses a long-standing market gap. Despite the Islamic finance industry surpassing $4 trillion globally, many Muslim investors have remained cautious about decentralized finance due to religious concerns. Sharia Earn offers a values-based alternative using the Wakala model, commonly used in Islamic finance to ensure ethical deployment of funds.

Key Rollout Markets Include UAE and GCC

The product is live in the UAE, Saudi Arabia, Qatar, Egypt, Indonesia, Pakistan, and several others across the Middle East, North Africa, and South Asia. The UAE’s crypto-savvy population and progressive regulations position it as a priority market for Binance’s Islamic finance roadmap.

A Benchmark for Sharia-Compliant Crypto

Sharia Earn reflects a broader shift where blockchain transparency meets Islamic finance ethics, a convergence many believe could define the next wave of financial inclusion. The UAE’s increasing focus on digital assets and Islamic finance makes the timing especially strategic.

Binance has not announced plans to expand the product beyond the initial markets but indicated that future rollouts will depend on adoption and regulatory frameworks.

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