Binance Shariah Staking Guide — Full Breakdown & Transcript

[00:01] new video. In this video, we'll be talking about Binance's latest product, which they announced today: Sharia-compliant sticking. What does "sticking" mean? What does "

[00:13] Sharia-compliant sticking" mean? And where does the issue of halal and haram fit into this, and in crypto in general? This will be the focus of our discussion today. Honestly, guys, the issue of halal and haram for us as Muslims is, of course, a non-negotiable topic when it comes to

[00:31] crypto. Whenever we talk about any crypto-related profit product, Muslims always crypto-related profit product, Muslims always ask if it involves usury (riba), if it involves uncertainty (gharar), or if there's any kind of prohibition, so they don't get involved. Binance,

[00:47] after reaching over 280 million users, realized today that they wanted to create something suitable for these people, who are so numerous and care about receiving products that

[01:01] products that meet their needs and fully comply with their religious obligations. So, for meet their needs and fully comply with their religious obligations. So, for of the fact that the return we'll see now isn't huge. The most important thing is that we now have a product that

[01:17] huge. The most important thing is that we now have a product that respects our principles. We don't accept usury (riba) or uncertainty (gharar), meaning we don't know where the profits are coming from. Are these profits profits generated, for example, from betting or anything else that's

[01:32] forbidden (haram)? As Muslims, we completely avoid this. Let's take a look together. We'll go to the Earnings product, or the

[01:48] Products option, or Sharia-compliant products. As you can see, we currently have three products. These three products, or three currencies, are 100% guaranteed. When we invest in them, it's 100% guaranteed that their returns come from a

[02:04] in them, it's 100% guaranteed that their returns come from a 100% halal source. There's absolutely nothing related to usury (riba), 100% halal source. There's absolutely nothing related to usury (riba), no interest whatsoever. There's no no interest whatsoever. There's no ambiguity or uncertainty about the

[02:17] source of these profits. So, they tell us that there is a fixed profit, like bank interest, for example, 20%, 5%, 10%, 15%, whatever it is, and that's it. fixed profit, like bank interest, for example, 20%, 5%, 10%, 15%, whatever it is, and that's it. This profit is fixed, it will come to

[02:29] you, it will come to you, but where does the source of these profits come from? The bank won't tell you, "We did this and that, we brought you this and gave you the profits." So, regarding the issue of the source of profits, the

[02:41] source of all profits is documented on the blockchain. I mean, the profits that come from the PMB, mean, the profits that come from the PMB, which, as you can see, are from 0.16 to 0.32%, which, as you can see, are from 0.16 to 0.32%, 32% annually. I mean, imagine the amount is very small,

[02:53] as I am telling you. Of course, this amount does not mean that it comes from transactions documented on the mean that it comes from transactions documented on the blockchain and its source is 100% known, so there is no deception and there is no blockchain and its source is 100% known, so there is no deception and there is no usury. Why? Because the interest or amount isn't

[03:06] fixed, meaning you're receiving profits that aren't fixed. So, this removes us from the issue of usury. The company that developed this product in partnership with Binance is called Amani Advisors. They've been

[03:18] with Binance is called Amani Advisors. They've been working with working with banks for many years, providing Sharia-compliant product consultations. As you can see here, with the BMP, if we want to

[03:31] BMP, if we want to lock it, there's a specific period you set, from 15 days up to 120 days. Depending on the locking period, you 'll receive returns. These returns are for you. For example, if you lock it for 120 days and then want to

[03:47] withdraw your funds after 100 days, you can do so with the click of a button, but without the initial amount. This is because, specifically with BMPs, if you want to lock them, you have to lock them for a

[04:00] specific period and adhere to that timeframe to receive the corresponding profits. As I mentioned, the corresponding profits. As I mentioned, the profits are calculated... It's a daily process, meaning the profits aren't fixed at all. Regarding Ethereum, as we can see, the percentage is

[04:14] Ethereum, as we can see, the percentage is approximately 2.5%, and for Solana, it's 6.69% to 69%. approximately 2.5%, and for Solana, it's 6.69% to 69%. another currency in return. You make a stick of ETH and receive WP ETH in return.

[04:29] ETH and receive WP ETH in return. WP ETH is like a certificate of ownership, proving you hold one ETH. So, you made two sticks of one ETH and received one WP ETH in return. made two sticks of one ETH and received one WP ETH in return.

[04:45] generated from the ETH you made the sticks for. You can sell WP ETH today, tomorrow, or the day after. It's the source through which you prove you made the sticking. So, if you sell it to me, I can

[05:00] take it and return it to Binance and receive the ETH you made the sticks for. It's not The condition is that you, and God knows best, can return it. You can sell it to other people, meaning it's considered a regular currency that you can trade. This currency is, of course, a currency with added profit value

[05:16] of course, a currency with added profit value generated through the Ethereum sticks. The same applies to Solana; you create sticks and receive something called BN Sol in exchange for the Sol you create the sticks for. The value of

[05:31] BN Sol in exchange for the Sol you create the sticks for. The value of BN Sol is also variable because the value of BN Sol is the value of Solana and the profits generated as a result of its sticks. So, the value of its sticks. So, the value of BN Sol is higher

[05:45] than the value of Sol. You can redeem it or return it and get Solana with profits at any time you want. Of course, the conversion ratio conversion ratio changes every three days depending on the profits

[06:00] generated. As we said, the profits are not very large, but it's a start the profits are not very large, but it's a start because there is an Islamic economy based on digital currencies. Completely transparent and regularly monitored by Sharia-compliant bodies—like the one I

[06:16] mentioned earlier, Security Finance or Security Advisor—they conduct ongoing monitoring and perform a quarterly evaluation to determine if the sources of income are

[06:28] questionable. If any are found to be questionable, they are immediately canceled. Therefore, this product is immediately canceled. Therefore, this product is 100% Sharia-compliant and meets the expectations of Muslims 100% Sharia-compliant and meets the expectations of Muslims concerned about ensuring that not a single penny of illicit origin enters their possession,

[06:43] concerned about ensuring that not a single penny of illicit origin enters their possession, God forbid. That's everything I wanted to tell you regarding the Sharia stick for the Binance product they launched today. If you have any questions for me or Binance about this

[06:57] product, please write them in the comments below, and I will certainly convey your concerns to the platform. Thank you so much for your support, and I hope to see you in future videos. Peace be upon you.