Binance has launched a new Sharia investment multi token staking product called Sharia Earn. As per Binance this is the first Sharia compliant multi token staking product. It is build on Binance’s Earn core products that include BNB locked products, ETH staking and SOL staking.

As per the announcement, with over 280 million users worldwide, Binance is committed to building products that serve the diverse needs of their global community. the announcement notes, “We’re proud to answer the call for faith-aligned crypto solutions because we believe the future of finance should be inclusive by design. And now, thanks to Sharia Earn, users can grow their crypto while staying true to Islamic finance principles.”


While conventional staking products follow standard financial models, Sharia Earn is uniquely structured to align with the core tenets of Islamic finance. Certified by Amanie Advisors, a globally respected Sharia advisory firm, users’ assets are carefully managed in full accordance with Islamic finance principles, in particular such as no interest (riba), no excessive uncertainty (gharar), no exposure to haram sectors like alcohol, gambling, or adult content.

Users can also view the Sharia Compliance Certificate for Sharia Compliant Earn Products, issued by Amanie Advisors on 2025-07-01, signed by Dr. Mohd Daud Bakar, confirming Sharia Earn’s adherence to Sharia principles.

Through a Wakala agreement, users’ staked crypto supports Halal blockchain ventures; all protocols are screened for ongoing Sharia compliance, ensuring full transparency in how rewards are generated and distributed. For more details on the reward mechanisms, please refer to our Sharia Earn, Simple Earn Locked Product, ETH Staking & SOL Staking FAQs.


For BNB, rewards are generated on-chain through the Simple Earn Locked Products. Users receive halal rewards daily at a variable rate, paid directly to their Spot Accounts. Users maintain full visibility and control throughout and can choose to withdraw early at any time, at the cost of forfeiting accumulated rewards. For more details, please refer to our Simple Earn Locked Product FAQs.

For ETH and SOL, users receive WBETH and BNSOL upon subscription. These liquid staking tokens increase in value over time regularly per the staking rate of return displayed on the product pages. This is reflected in the regular update of WBETH & BNSOL’s exchange rate on the product pages – illustrating both the staked assets and halal rewards earned. Users can redeem them at any time for ETH or SOL, including all accrued value. For more information, please refer to our ETH Staking & SOL Staking FAQs.

The mechanics of BNB Locked Products, and ETH Staking & SOL Staking take effect through the Wakala agreement and the structuring of the Sharia Earn Terms of Use and have been reviewed by Sharia scholars and deemed to be Sharia Compliant for our Islamic users. More information can be found here.

Sharia Earn will be available for users in the following countries: Afghanistan, Algeria, Bangladesh, Bhutan, Egypt, Indonesia, India, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Morocco, Nepal, Oman, Pakistan, Palestinian territories, Qatar, Saudi Arabia, Sri Lanka, Sudan, Tunisia, Turkey (.com), United Arab Emirates, Yemen, Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, and Tajikistan.

Binance will announce as availability expands to additional jurisdictions.


Sharia Earn is part of our broader vision of a truly global and inclusive financial system. It embodies our personal values, centered on fairness, transparency, and shared prosperity. To celebrate the launch of Sharia Earn, we’re running exclusive launch promotions with up to $100,000 in crypto rewards.

Campaign 1: Subscribe to Sharia Earn, Earn Points, and Share $80,000 in USDT Rewards

Promotion A: Subscribe & Earn Subscribe or stake a minimum amount to any eligible Sharia Earn product and climb the leaderboard to win a share of $60,000 in USDT rewards.

Promotion B: New User Exclusive The first 5,000 eligible new users who subscribe at least 20 USDT to any eligible Sharia Earn product may receive a 4 USDT token voucher from a 20,000 USDT reward pool on a first-come, first-served basis.

Campaign 2: Red Packet Giveaway: Share Up to $20,000 in USDT Rewards

Promotion A: Register for a Binance account and complete identity verification (KYC), then subscribe to any eligible Sharia Earn product during the Promotion Period. The first 2,000 users will each receive a $5 USDT Red Packet on a first-come, first-served basis.

Promotion B: Refer a friend who registers for a Binance account, completes identity verification (KYC), and subscribes to Sharia Earn. Once complete, both the referrer and their referred friend will each receive a $2.5 USDT Red Packet. This Promotion is capped at 1,000 referrers and 1,000 referees on a first-come, first-served basis. Each referrer can receive a maximum of 2 Red Packets only.

Bitget, cryptocurrency exchange, and UNICEF have partnered for a three year period to bring advanced digital skills and blockchain literacy to young people in eight regions globally including Morocco. Bitget will become part of UNICEF’s Office of Innovation Game Changers Coalition program and will offer blockchain training modules to teachers and blockchain skills to girls, their parents and mentors in Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco, and South Africa.

Through the partnership, Bitget Academy, the educational arm of Bitget, will help develop UNICEF’s first interactive, online and in-person blockchain training module based on video games creation skills development for teachers and young people. Support from Bitget will also help expand the Coalition’s reach to a ninth country.

“This partnership reflects our shared belief that digital skills are a powerful driver of opportunity and inclusion,” said Sandra Visscher, Executive Director of UNICEF Luxembourg. “By collaborating with Bitget, we want to empower adolescent young people with the tools, knowledge, and confidence to shape their own futures. Innovation should be a force for inclusion, opening doors, broadening horizons, and ensuring that technology works for everyone, everywhere.”

“Emerging technologies should not be reserved for the privileged few—they must be introduced early and equitably. Blockchain, with its real-world use case and potential for social good, is one of the most powerful tools we can give to our younger generation to build products that change the way we look at modern society. With Blockchain4Her, what began as a mission to empower hundreds of women has scaled into a global movement to educate thousands of girls. This is the kind of scale and impact blockchain was built for,” said Gracy Chen, CEO at Bitget.

Bitget will also aim to introduce UNICEF to leading blockchain protocols and developers from across the Web3 landscape to participate in the educational initiative. These contributors could serve as mentors and partners, offering diverse perspectives and possibilities for blockchain technologies.

Every year, adolescent girls and young women in low and middle-income countries miss out on USD 15 billion in economic opportunities due to a gap in internet access and digital skills relative to their male peers. With 90 per cent of jobs today requiring digital competencies, the Game Changers Coalition responds to the urgency of closing the gender digital skills gap. Together, Bitget and UNICEF are working to build a scalable, inclusive model that equips young women with the tools to navigate and shape the digital economy of tomorrow.

As part of the Game Changers Coalition, Bitget joins the Global Video Game Coalition, Micron Foundation and ecosystem builders – Women in Games in a shared ambition to reach 1.1 million girls by 2027, with learning and skills-building opportunities.

At Gitex Africa 2025, the General Director of Bank Al Maghrib, Mr. Abderrahim Bouazza noted that the crypto draft law is now at the Ministry of Economy and Finance, who will then submit it to a technical committee to oversee its adoption process.

In his speech he emphasized that the technology underlying crypto assets could be utilized to develop fintech services. Bank Al Magrib had announced in 2022 that it was close to finalizing its crypto regulatory framework. Then on December 20th 2024, the Central Bank of Morocco represented by its governor Abdellatif Jouahri announced that the draft crypto bill to regulate the use of cryptocurrencies was ready. Jouahri stressed that the full draft is ready to put in place a proper regulatory framework.

Boazza was discussing Morocco’s plans to create an acquisition support fund for merchants to strengthen payment infrastructure. Bank Al Maghrib. He had noted, “Among the short-term actions to strengthen the payment infrastructure, BAM intends to set up an acquisition support fund to facilitate the acceptance of electronic payments by merchants.”

Noting that digital payment adoption among merchants remains low, he stated that the Central Bank aims to implement incentive measures to encourage their adoption of the electronic payment system.

“The Central Bank is working on implementing more attractive pricing for electronic payments by lowering interchange fees, including those for bank cards, while also considering making cash usage more restrictive in the medium term. These actions will be carried out as part of a broader strategy for the digitalization of payments and fintech development, stemming from a rigorous and thorough diagnostic,” he continued.

He also discussed the introduction of CBDC digital currency or the e-dirham which could address certain challenges in the payment sector especially when it comes to the utilization of cash, but noting that this would require alot of time.

He noted, “The success of this project would depend on how the public perceives the digital currency. It would need to be as credible and accessible as physical cash.”

Chainalysis shared an excerpt from its upcoming 2024 Geography of Cryptocurrency report covering the MENA region and noting that MENA is the seventh largest crypto market globally in 2024 with the biggest two crypto countries being Turkey and Morocco.

WEEX crypto exchange, which has over 6 million customers globally, has announced that since it started serving the MENA region in January 2025, it has witnessed expansive growth especially in countries such as Egypt, Algeria, Iraq, Morocco and Saudi Arabia.

Egypt has the highest number of users on WEEX crypto exchange making up 30 percent of their total MENA customer base, while Algeria follows at 17.3 percent, Iraq and Morocco making up 7-8 percent respectively.

Surprisingly Saudi Arabia customers are just 6.2 percent of their total MENA customer base. All numbers are founded on data up to March 31st, 2025.

While the number of customers still make up less than 1 percent of their total customer base, WEEX has showcased their commitment to the MENA region, launching their headquarters in the UAE as part of MENA expansion plans.

The Dubai headquarter currently houses 600 employees and is expected to add 50 more hires over the next two years. 

Andrew Weiner, Vice President of WEEX, stated, “We have witnessed impressive growth in our MENA customer base since we began offering our services in January 2025, this showcases the attraction that crypto has in the region especially in countries in North Africa, and the GCC. We will continue to expand our offering to support the MENA region while we seek to acquire regulatory licenses.”

He adds, “We believe that everyone should be able to access the crypto market, and that crypto will play a strong role in the economies of the future especially in the Middle East. We hope to serve our clients with the utmost security, transparency, and offering.”

WEEX already serves 6.2 million customers across 130+ countries. The crypto exchange has a daily trading volume of over $5 billion and supports more than 1,700 trading pairs. WEEX also boasts of a 1,000 BTC Protection Fund to protect users’ assets. In MENA the crypto exchange is offering Arabic language support through chatbot on their website, submitting a ticket on the website as well as through their telegram community.

Fred, MENA Regional Manager, WEEX, noted, “As traditional markets wrestle with inflation and uncertainty, crypto stands as a beacon of innovation, offering a glimpse into a more resilient, decentralized financial future.”

WEEX is currently participating and sponsoring TOKEN2049 Dubai event being held in Dubai UAE between April 30th and May 1st, 2025.

The Chainalysis 2024 crypto geography report noted that the MENA region has become the seventh largest crypto market globally. The biggest two countries being Turkey and Morocco, while the fastest growing countries were Saudi Arabia and Qatar. Saudi Arabia remained the fastest-growing crypto economy in the MENA region in 2024, growing by 154% year-over-year.

According to Statista, in Egypt, the number of users in the cryptocurrencies market is expected to reach 11.30m users by 2025. The user penetration rate is expected to be 9.72% in 2025.

The Central Bank of Morocco, better known as Bank Al Maghrib has formed the Morocco Fintech Center (MFC). It includes governmental entities, private sector entities as founding members. The Center was founded during a general meeting on January 15th 2025 at the headquarters of Bank Al Maghrib.

The founding members of the Morocco Fintech Center (MFC), include Ministry of Economy and Finance, represented by Mrs. Nadia Fettah Alaoui; Ministry of Digital Transformation and Administration Reform, represented by Mrs. Amal El Fallah Seghrouchni; Bank Al-Maghrib, represented by Mr. Abdellatif Jouahri; Moroccan Capital Market Authority, represented by Ms. Nezha Hayat; Insurance and Social Security Control Authority, represented by Mr.Abderrahim Chaffai; Mohammed VI Fund for Investment, represented by Mr. Badr Belkadi; TAMWILCOM, represented by Mr. Hicham Zanati Serghini; Digital Development Agency, represented by Mr. Sidi Mohammed Drissi Melyani; Al Akhawayn University, represented by Mr. Amine Bensaid; Mohammed VI Polytechnic University, represented by Mr. Khalid Baddou; Attijariwafa Bank, represented by Mr. Mohamed El Kettani; Banque Centrale Populaire, represented by Mrs. Naziha Belkeziz; Bank of Africa, represented by Mr. Mounir Kabbaj; CDG Invest, represented by Mr. Yassine Haddaoui; and HPS, represented by Mr. Mohamed Horani.

The general assembly approved that other organizations could join the association.

Morocco Fintech Center to assist Fintech startups

The Morocco Fintech Center aims to constitute a common window for Fintech startups and companies, supporting their development through support, incubation, acceleration and training. The MFC hopes to facilitate their understanding of the regulatory environment as well as access to financing. It will promote a collaborative fintech ecosystem fostering partnerships and networking opportunities while encouraging research and development in financial innovation.
The MFC held its first Board of Directors meeting under the presidency of Mr. Abdellatif Jouahri, Wali of Bank Al-Maghrib. The Board appointed Mr. Mustapha Lahlali as Executive Director.

As per the press release, Council members are committed to working together to accelerate the national fintech ecosystem.

Morocco to announce crypto regulations

On December 20th 2024, the Central Bank of Morocco represented by its governor Abdellatif Jouahri announced in Rabat Morocco that the draft crypto bill to regulate the use of cryptocurrencies was ready. Jouahri stressed that the full draft is ready to put in place a proper regulatory framework.

Jouahri stated, “Discussions are to be held with all stakeholders, including the Moroccan Capital Markets Authority (AMMC) and the Insurance and Social Security Supervisory Authority (ACAPS). We proceeded to a specific definition of the cryptocurrency and prepared a general public survey that details the specifics and use of this virtual currency in Morocco.”

Chainalysis’s 2024 Geography of Cryptocurrency report covering the MENA region and noting that MENA is the seventh largest crypto market globally in 2024 with the biggest two crypto countries being Turkey and Morocco.

Morocco Digital 2030 strategy includes DLT, and AI

On September 25 2024, Morocco unveiled its Digital 2030 strategy which aims to transform Morocco into a digital leader and boost its digital economy using AI, DLT (Distributed Ledger Technology), cloud services, and an ecosystem that supports innovative startups.

As per the strategy, the country seeks to create 240,000 jobs in the digital sector by 2030, which it expects will contribute 100 billion dirhams ($10.36 billion dollars) to the country’s gross domestic product while increasing digital export revenues to 40 billion dirhams ($4.15 billion). The strategy also aims to improve Morocco’s ranking in the United Nations Online Services Index, moving from 100th to 50th place worldwide in addition to creating 3,000 startups and improving 5G coverage to 70% of the North African kingdom’s territory.

The Hashgraph Association, a Swiss non-profit, drives global adoption of Hedera-powered solutions by funding innovation, training, and venture programs. It promotes economic inclusion and a digital future with a positive ESG impact, will be working with Agency of Digital Development to strengthen citizen services using the Hedera DLT network and Web3 technologies. It will also be working with Moroccan UM6P Ventures, an early-stage venture capital firm and the investment arm of UM6P (Mohammed VI Polytechnique University), will help to develop entrepreneurship and accelerate science innovation and co-investment opportunities in Morocco and the wider Africa region.

Once again the Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, has spoken about the crypto assets regulatory framework that the country will soon adopt noting that it will align with G20 recommendations. In a press conference this week, during the BAM’s council for 2024, he noted that the crypto framework will manage the use of crypto assets while encouraging innovation in the financial sector.

Last month the Governor also noted that the crypto framework was in the adoption phase. Morocco has been working on this crypto framework since 2022.

Jouahri said that the regulation aligns with the latest G20 recommendations. It also addresses the financial risks linked to crypto-assets.  

“We want to regulate the use of crypto-assets without hindering the innovation that may arise from this ecosystem,” Jouahri said.  

The governor explained that the framework was developed with technical assistance from the International Monetary Fund (IMF) and the World Bank. It seeks to balance two priorities; ensuring a secure and well-regulated environment and fostering innovation.  

The drafting process included broad consultations with national and international institutions, as well as economic stakeholders. “We engaged all relevant parties to create this framework. This approach ensures effective adoption and minimizes uncertainties,” Jouahri added.  

In September 2024, Chainalysis in its 2024 Geography of Cryptocurrency report covering the MENA region noted that MENA is the seventh largest crypto market globally in 2024 with the biggest two crypto countries being Turkey and Morocco. Turkey held 11th position while Morocco 27th where Turkey capture $137 billion and Morocco $12.7 billion.

Moroccan authorities have arrested five individuals in connection with an alleged cryptocurrency fraud operation.

The suspects, aged between 24 and 48, were detained earlier this week in Salé, following a complaint received through international law enforcement cooperation channels.

As per the news on Hespress, they are suspected of being involved in a phishing scam that targeted foreign citizens by sending malicious emails. The emails were designed to steal the victims’ digital wallet information containing cryptocurrency, which was then converted into cash via their personal bank accounts.

During the investigation, police seized a sum of money believed to be linked to the criminal activities, along with electronic devices, including a computer and mobile phones, which may contain digital evidence of the hacking operations.

The suspects are currently being held in police custody as part of a preliminary investigation, overseen by the public prosecutor’s office, to uncover the full details of the case and identify all individuals involved in the criminal network.

In April 2024 a 21-year-old Frenchman, Thomas Clausi, was convicted Thursday in Morocco of “fraud” and illegal use of cryptocurrency and sentenced to 18 months in prison.

He was also slapped with a fine of about 3.4 million euros.

Incarcerated since December 23, 2021, Clausi, who presented himself as an entrepreneur before the judge, appeared before the criminal chamber of the court of Casablanca, competent for criminal cases.

He was accused of “fraud” and “payment with foreign currency on Moroccan territory”, in particular for having used bitcoins to buy a luxury car.

This comes a week after the Central Bank governor in Morocco stated that the crypto regulations will soon be out and are currently being adopted.

 

In a recent visit between UAE, Hamid AlZaabi, Director General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), hosted a Moroccan national delegation led by Dr. Jawhar Al Nafisi, Chairman of the Moroccan National Financial Intelligence Authority, coordinated on initiatives with regards to anti money laundering and counter terrorism financing, with DIFC giving presentation on UAE experience in virtual assets.

Members of the EO AML/CTF presented on topics such as the National Strategy and virtual assets, and the UAE’s experience using AI to combat money laundering and terrorism financing. A joint discussion resulted in the agreement on specific areas of cooperation to be included in follow-up steps to implement the terms of the Memorandum of Understanding between the EO AML/CTF and the Moroccan National Financial Intelligence Authority.

In addition Dubai International Financial Centre (DIFC) discussed the UAE experience analyzing cases related to virtual assets.


Hamid AlZaabi highlighted the robust cooperation between the UAE and Morocco and its significant impact on raising standards of compliance within the MENA region.

He stated, “Our two countries are united in commitment to combating financial crime and collaborate effectively on multiple levels, both bilaterally and through the Middle East and North Africa Financial Action Task Force (MENAFATF). I am pleased that through our regular meetings, we have developed a comprehensive framework for cooperation and have launched several joint initiatives that are already making a difference. By sharing expertise and best practices, the expertise developed by each country can be leveraged to mutual benefit, to ensure safeguarding our financial regional system.”


Dr. Jawhar Al Nafisi, Chairman of the Moroccan National Financial Intelligence Authority, commented, “This visit underscores the strong strategic ties between Morocco and the UAE, as both nations aim to align strategies and visions on bilateral, regional and international levels, and share expertise to prepare for the upcoming mutual evaluation round. To ensure the sustainability of the efforts made to combat money laundering and terrorism financing, I am pleased to invite Director General, Hamid Al Zaabi to Kingdom of Morocco for progress discussions and to measure the effectiveness of joint committees established during the meetings held over the past two days.”
During the two-day meeting, the parties discussed ongoing bilateral cooperation activities. To further enhance the coordination efforts, both parties have decided to establish several joint committees, including ones to monitor standards and developments, technical committees, and a supervisory committee to track progress and ensure goal attainment.

It is noteworthy that although Morocco leads in terms of the number of crypto holders, it has still not regulated crypto and virtual assets.

Tookeez, a Moroccan Blockchain loyalty startup, has raised $1.5 million from Azur Innovation Fund, a public private seed capital fund in Morocco.

As per the press release, the startup plans to use the funds to expand into Morocco and the MENA region. The funds will also go into technical development for its blockchain technology system. The fintech startup is a universal system that aggregates loyalty points from a wide range of brands into a single wallet. This wallet enables transactions to be carried out across a wide network of shops and brands, making the platform a source of additional value and complementary income for the ecosystem.

Following this, tookeez plans to expand into other African countries by 2026 to reach 4 million active members by 2028.

Hicham Amadi, Wiam and Siham Emejjad founded tookeez with an aim of eliminating the challenges associated with loyalty point conversions and transforms the royalty program ecosystem. The biggest challenge is point accumulation which is usually slow, while redemption is also difficult.

Siham Elmejjad, CEO of tookeez, comments, “We are humbled by the trust of our investors. This fundraising marks a crucial step in our development. Our goal is to reach 4 million active members by 2028. To make tookeez a true ecosystem of economic and financial inclusion for our continent.”

tookeez collects loyalty points from multiple brands and stores them in a wallet, which users can then use to transact across a large network of stores and brands. Brands use tookeez to allow their customers to pay with accumulated points.

Azur Innovation Fund noted that it is proud to collaborate with tookeez, recognizing that the startup is redefining the customer loyalty ecosystem. “Our ambition is to support entrepreneurs who have a significant impact on the world, and tookeez embodies this vision perfectly,” Adnane Filali, President of Azur Innovation Fund, said.

The loyalty market in Africa and the Middle East is expected to reach $6.48 billion in 2024. Between 2019 to 2023, this market recorded a CAGR value of 12.1%. It is predicted that this market in the region will continue to grow at a CAGR of 9.7% between 2024-2028.

Moroccan BDO advisory has partnered with Naoris Consulting to integrate Naoris’s solutions including their blockchain based security protocol into their service offerings.

According to the announcement the integration is specifically designed to meet the unique challenges of the French-speaking African market.

The synergy between BDO Advisory and Naoris will make it possible to develop tailor-made digital transformation strategies, with a particular emphasis on cybersecurity. The objective is to use Naoris’ advanced technology to strengthen the resilience and competitiveness of African organizations and businesses, explains BDO Advisory.

On LinkedIn, Zakaria Fahim Managing Partner of BDO Morocco, stated, “We are excited to promote our strategic partnership for advancing decentralized cybersecurity using blockchain technology. This collaboration is key to providing innovative, secure solutions for Morocco and Africa.”

He added, “Our shared goal is to develop advanced cybersecurity systems leveraging blockchain’ s decentralization and transparency. This partnership will enable us to offer robust solutions tailored to the unique challenges faced by our enterprises in Africa and globally.”

Naoris Consulting on LinkedIN noted, “We are excited to share a pivotal chapter in our story. We’re embarking on a strategic partnership with BDO Morocco, a union of vision and expertise to revolutionize digital transformation with cybersecurity as a backbone in Francophone Africa. Envision a landscape where every organization in Francophone Africa is empowered to thrive digitally, bolstered by unyielding cybersecurity. This partnership is our stride towards turning that collective dream into a tangible reality, ensuring a safer and more innovative future for all.”

More and more Blockchain companies are moving to Morocco to serve the African region, including entities such as The Hashgraph Association, IR4Labs and others.