Sharia Earn, the first multi-token staking solution that complies with Islamic finance rules, was introduced in the United Arab Emirates by Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange in the world. This development opens up new avenues for halal investment worldwide.
Millions of Muslims have been excluded from the decentralised banking movement because of the uncertainty around religious compliance, despite the fact that the Islamic finance business is worth over $4 trillion. Sharia Earn aims to close this gap by obtaining official certification from Amanie Advisors, a well-known Sharia advice business worldwide.
This is the first time Binance has entered the Islamic finance market. The platform offers a Shariah-compliant earn product that enables users to earn yield within the boundaries of a Shariah-compliant earn product that has been established in accordance with faith-based principles. It launched with BNB, ETH, and SOL.
Creating an inclusive and transparent trading environment has always been our mission,” said Binance CEO Richard Teng. We are enabling Sharia-focused investors and the Muslim community to take part in one of the most exciting financial revolutions of our time with this offering. This is a movement towards a more moral and just digital economy that encourages financial independence for everyone, not just a product.
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