The scope of the "Sharia certification" for Binance Sharia Earn is clear: it is issued by Amanie Advisors, based on AAOIFI standards, and reviews whether the product structure itself avoids interest (riba), excessive uncertainty (gharar), and gambling (maysir). However, it does not guarantee returns, does not cover market price fluctuations, and does not mean that all underlying protocols involved are always halal. The certification confirms that "this arrangement does not violate Islamic finance principles," not that "you won't lose money."
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
Who is the Certifier and What Standards Are Used?
The certification was completed by Amanie Advisors, a Sharia advisory firm headquartered in Kuala Lumpur. Binance's official statements emphasize that the product review is based on standards set by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions).
AAOIFI is one of the more widely accepted standard-setting bodies in the field of Islamic finance. Amanie Advisors has a track record in Sharia certification for the cryptocurrency sector, and the certificate it signs is issued by Dr. Mohd Daud Bakar.
What Does the Certification Specifically Cover?
According to Binance's terms and official statements, the certification covers the structural level of the product:
Contract Structure: Sharia Earn uses a Wakala agreement (agency agreement). Under this structure, Binance, as the agent (Wakeel), manages the assets entrusted by users, who retain ownership of the assets and bear the economic risks and rewards. The terms clearly state that Wakala is recognized as a permissible method of capital delegation.
Source of Returns: Rewards must come from on-chain staking activities, not from interest-bearing loans. The Sharia Guidelines in the terms state that rewards come from "work done for validation and network maintenance." This means the returns correspond to the rewards validators receive for maintaining the blockchain network, not the time value of money alone.
Excluded Areas: The certification requires avoiding interest, excessive uncertainty, and gambling, and returns must not come from activities prohibited by Sharia. The terms also require quarterly monitoring to ensure that the proportion of rewards generated from prohibited categories does not exceed 5%.
Asset Screening: Currently supports three assets: BNB, ETH, and SOL, each of which has undergone Sharia screening.
What the Certification Does Not Cover
This is the part you need to understand before using the product.
No guarantee of principal or returns. A sentence in the Sharia terms directly addresses this: The Principal (user) "shall have no recourse against the Wakeel for the Yield Farming Protocol's failure to generate Reward Assets." Rewards depend on the actual performance of staking activities and are variable, not promised.
Does not cover market risk. The depreciation of cryptocurrency assets due to price volatility is a separate dimension from Sharia compliance. Both Binance's product page and Academy articles include risk warnings about price fluctuations.
Does not cover "all protocols at all times." The certification is based on quarterly reviews and annual transaction monitoring, but the terms also acknowledge that if the Sharia Advisor makes a final determination that certain arrangements are non-compliant, the relevant parties can negotiate a restructuring, but this does not mean users can automatically receive compensation or exit immediately.
Does not cover user eligibility. Sharia Earn is currently only available to users in specific countries and regions, including over thirty countries such as the UAE, Saudi Arabia, Egypt, Pakistan, Indonesia, Turkey, India, Bangladesh, and Nigeria. Users not on the list cannot operate through the Sharia Earn interface, even if their account location or identity meets other conditions.
Three Types of Practical Risks
First, the ongoing compliance risk of the underlying protocols. The Sharia certification reviews the structure at a specific point in time, but blockchain protocols are dynamic. The terms include quarterly reviews and a 5% tolerance threshold, which itself indicates that compliance requires continuous monitoring rather than being a one-time, static state.
Second, limitations on recourse under the Wakala structure. Users delegate assets under an agency relationship, and Binance, as the agent, does not bear responsibility for staking failures or the non-generation of returns. This is fundamentally different from traditional deposits or principal-protected products.
Third, the dynamic nature of regional availability. The list of countries for Sharia Earn is maintained and updated by Binance and may change due to regulatory or operational adjustments. Your current access does not guarantee future availability; similarly, if you cannot access it now, you may become eligible after a future update.
If You Are Deciding Whether to Use It
The core of the Sharia Earn certification addresses whether "this staking arrangement meets the requirements of Islamic finance regarding contract structure and source of returns." If this is your concern, the certification from Amanie Advisors and the reference to AAOIFI standards provide a verifiable basis.
But if you interpret it as "safer because it has a religious certification" or "won't lose money because it's certified," your understanding is off track. The certification answers the question of compliance; market risk and product mechanism risks need to be assessed separately. Binance's own risk warnings state that digital asset prices can be volatile and you may not be able to recover the amount you invested.
The world's largest cryptocurrency exchange by trading volume,leading in security and liquidity.
New user benefit: Enjoy 20% off trading fees upon registration!
References
- Binance·Sharia Earn: Halal Earning, Simplified (AE), page undated; checked on: 2026-10-04.
- Binance·Sharia Earn: Halal Earning, Simplified, page undated; checked on: 2026-10-04.
- Binance·Binance FZE Sharia Earn Terms, page published or updated: 2025-07-09; checked on: 2026-10-04.
- Binance·Introducing Sharia Earn: Simplified Halal Crypto Growth, page published or updated: 2025-07-10; checked on: 2026-10-04.
- Aletihad·Binance's Sharia Earn marks a big milestone in Islamic and crypto finance, page published or updated: 2025-07-19; checked on: 2026-10-04.
- Binance Academy·A Beginner's Guide to Binance Earn, page published or updated: 2024-04-18; checked on: 2026-10-04.
