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Binance Introduces First Sharia-Compliant Investment Product

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by Giorgi Kostiuk

10 hours ago

Binance has launched Sharia Earn, a product compliant with Islamic financial principles. This move aims to broaden the platform's audience.

What Makes Sharia Earn Stand Out?

Sharia Earn differs from traditional staking models by adhering to Islamic financial principles. The certification from Amanie Advisors assures users that the product complies with Sharia, providing confidence in the legality of their investments.

Which Cryptocurrencies Are Allowed?

Sharia Earn includes Binance Coin (BNB), Ethereum (ETH), and Solana (SOL), as well as wrapped tokens like WETH and BNSOL. This selection follows the standards set by AAOIFI, underscoring Binance's commitment to inclusivity.

Who Are Amanie Advisors?

Founded in 2005, Amanie Advisors specialize in advising on Islamic law for investments. Under the leadership of Tan Sri Dr. Mohd Daud Bakar, the firm is a leading consultant for over 100 Islamic funds globally.

Binance's initiative with the launch of Sharia Earn sets a precedent in the crypto market by offering financial products that are sensitive to religious principles and the needs of investors.

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