Major cryptography exchange Binance launched a multi-shops platform in accordance with Sharia law, Sharia law winsofficially certified by Amania advisersA large Sharia law consulting company.
According to the press release, this is the first platform of this type in the world. The objective is to provide a more inclusive online financial product with Islamic principles. In addition, it will allow Halal to invest on a global scale.
Binance says that this is their first entry into Islamic finance. The new platform “has been developed in alignment with denominational principles”. It offers users a way to gain performance in the settings of a product that conforms to Sharia law, says the team.
In addition, Sharia law wins the launches with Binance Coin (BNB),, Ethereum (ETH)And Solana (soil).
To start, the product will be available for users in 31 countries. This includes Afghanistan, Bangladesh, Egypt, Indonesia, Maldives, Morocco, Nepal, India, Pakistan, Palestine, Qatar, Saudi Arabia, Sri Lanka, Turkey and the United Arab Emirates, among others. The FAQ indicates that the exchange plans to extend the availability to additional jurisdictions.
In addition, the underlying technology of the platform is that of BNB BNC Earn’s locked products, Slake ETH and Sol Staking. Sharia researchers examined the three products.
BNB rewards are generated on the channel via simple locked products. Users will receive it daily at a variable rate, directly in punctual accounts.
For Eth and Sol, users receive Section And Bnsol During the subscription, said the blog post. These tokens reflect both the main and accumulated halal rewards.
Binance, through the BNB Foundation, succeeded in the 32nd quarterly event of token burning for the BNB cryptocurrency. The burn operation took place precisely at 07:29:06 UTC on July 10, eliminating 1,595,599.78 BNB tokens of traffic, worth around 1.07 million dollars based on an average BNB price of $ 660.16. Remarkably, despite the substantial volume of burnt token, the transaction costs amounted to only 0.0000021 BNB (equivalent to $ 0.001411). BNB token …
“No interest or excessive uncertainty”
Halal (authorized), or investment in accordance with sharia, is an investment approach that excludes Haram (prohibited) activities. These include interest (Riba) and game, among others.
“Sharia law is the place where two financial systems meet – Islamic finance and blockchain technology,” said the announcement.
He continues: “While crypto questions traditional finances by decentralization, Islamic finance questions it through halal directives – principles such as risk sharing, circulation of wealth, prohibition of interest (RIBA) and excessive uncertainty (Gharar).”
Consequently, Sharia law is certified by Amania Advisors, ensuring that user assets are managed entirely in the principles of Islamic finance. This includes zero exposure to interest, “excessive uncertainty” and factors prohibited by Islam, such as alcohol, game or adult content.
It also means that all funds are entering businesses and authorized assets under Islamic law.
In addition, the funds are punctuated by a Wakala agreement, a structure which allows the Halal de delegation of capital.
Binance maintains that the Islamic finance market exceeds 4 dollars of dollars, but that the ambiguity concerning religious compliance prevents millions of Muslims from entering decentralized finance (DEFI) and winning passive income in crypto.
In addition, the exchange performs launch promotions with up to $ 100,000 USDT Awards via two campaigns.
Meanwhile, a recent mid-year report of the Blockchain analysis company Cryptocurrency said the binance was seated at the top of several exchange measures in the first half of 2025.
Binance and Jamming were the most efficient exchanges in their respective categories during this period.
Binance was the leader in punctual volume, long -term trading, stablecoin reserves, capital entries and chain user activity. At the same time, Coinbase was a main institutional exchange, the researchers noting its participations and their use on the Ethereum network.
Binance has unveiled institutional loans, a new line of transforming credit offering verified business customers up to 4x lever by borrowing against several accounts without having to consolidate the assets. The product aims to stimulate capital efficiency for high frequency and institutional merchants who need quick access to liquidity, the stock market said on Thursday. Unlike standard margin products linked to a single account, institutional loans allow traders to pool the guarantees to …
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