Binance’s Sharia Earn vs Traditional Earn: Amanie CEO Explains Key Differences

During Binance’s Sharia Virtual Super Meetup on Binance Square, Maya Marissa Malek, CEO of Amanie Advisors, outlined the core distinctions between Binance’s existing Earn products and its newly launched Sharia Earn platform.Malek emphasized that while both products offer yield opportunities, Sharia Earn is uniquely designed to comply with Islamic finance principles. “The key differences lie in the compliance framework and the reward structure,” she explained. “Sharia Earn avoids interest (riba), excessive uncertainty (gharar), and any exposure to sectors that are considered non-permissible under Sharia law.”The product has been certified by Amanie Advisors and is built on familiar Binance Earn mechanisms—including BNB Locked Products, ETH Staking, and SOL Staking—but implemented through a purpose-built Wakala agreement. This Islamic finance structure enables halal delegation of capital and ensures that reward generation remains in line with ethical standards.Malek noted that all underlying protocols have been reviewed and approved by qualified Sharia scholars and will continue to undergo periodic assessments to maintain compliance.Binance’s launch of Sharia Earn marks the first multi-token staking platform to offer verified Sharia compliance, expanding access to passive crypto income for observant Muslim users across multiple regions.