Binance
Centralized exchangeThe largest crypto exchange by volume. Licensed in Dubai, Abu Dhabi, Bahrain and Kazakhstan; no longer serves the EU or the US.
- Spot fee
- 0.1%
- 0.075% paying in BNB
- Coins with a halal verdict
- 0
- of those listed here
- Available in
- 6 of 11
- countries we track
- Checked
- Sep 27, 2026
Reliability
6.7/ 10
Good licences and a USD 1 billion reserve fund; proof of reserves is self-attested.
Score updated
- Proof of reserves5.0
- Licences8.0
- Incident history6.0
- Segregation of funds6.0
- Insurance fund9.0
- Security practices8.0
Liberandum halal verdict
Suitable with care
A Muslim can use spot trading and Sharia Earn here, but must avoid margin, futures, options and ordinary Earn.
Use
- Spot trading
- Sharia Earn (BNB, ETH, SOL)
Avoid
- Margin, futures, options
- Simple Earn, Dual Investment, Loans
More details
Binance is the largest crypto exchange, licensed in Dubai (VARA), Abu Dhabi (ADGM), Bahrain and Kazakhstan, with a USD 1 billion SAFU fund and a monthly, self-attested proof of reserves. It offers Sharia Earn, a staking product reviewed by Amanie Advisors. A Muslim user can use spot trading and Sharia Earn, but must avoid margin, futures, options and ordinary Earn products. Binance stopped serving EU users on 1 July 2026 and does not serve the US. Spot orders on Binance settle immediately into the user's account, which meets the requirement of immediate exchange (qabd) for currency-like assets under AAOIFI Shariah Standard 1 and Standard 20. Margin, USD-M and COIN-M futures, options, leveraged tokens and copy trading of futures involve interest-bearing borrowing or deferred settlement of both counter-values and should be avoided. Simple Earn, Flexible and Locked savings, Dual Investment and Loans pay a fixed or interest-like return and are not reviewed by a Shariah board. The exception is Sharia Earn (launched July 2025): staking of BNB, ETH and SOL under a wakala (agency) contract, reviewed by Amanie Advisors, with no guaranteed return and exclusion of interest (riba), excessive uncertainty (gharar) and non-compliant assets. It is a halal alternative to ordinary Earn for those three coins and is still offered as of September 2026. Binance does not screen its full catalogue for Shariah compliance, so every other coin must be checked on Liberandum before buying. Reliability is 6.7/10. Binance publishes a monthly proof of reserves with Merkle tree and zk-SNARK self-verification (45th report, snapshot 1 August 2026), but no named independent auditor attests it. As of September 2026 it holds a VARA licence (VL/24/04/001, 15 April 2024), three ADGM FSRA licences (operating since 5 January 2026), a Central Bank of Bahrain Category 4 licence, AIFC (Kazakhstan) and Japan FSA licences. In November 2023 Binance pleaded guilty in the US to Bank Secrecy Act, unlicensed money-transmitting and sanctions violations and agreed to pay about USD 4.3 billion; its founder pleaded guilty and stepped down. This was not a loss of client funds. SAFU holds about 15,000 BTC (about USD 1 billion, February 2026) at a published address. Binance obtained SOC 2 Type II (December 2023) and ISO 27001 / 27701 (June 2023) certifications. Availability: Binance serves most Muslim-majority markets. It withdrew its MiCA application in Greece in June 2026 and from 1 July 2026 stopped accepting new EU clients; reports say new orders, deposits and Earn were also halted, while withdrawals remain available. US residents cannot use Binance.com. Indonesian users are served through the licensed group exchange Tokocrypto.
How to use Binance the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Both sides settle at once
- Allowed
Convert
Instant swap, same as spot
- With care
Staking
Only Sharia Earn: BNB, ETH, SOL
- Avoid
Savings and Earn
Simple Earn pays interest-like returns
- Avoid
Margin
Trading with borrowed money
- Avoid
Futures and options
Futures, options, deferred settlement
- Avoid
Loans
Interest-based borrowing against crypto
- Avoid
Structured products
Dual Investment, not certified
Shariah-compliant earn
Sharia Earn, launched in July 2025, is a staking product for BNB, ETH and SOL structured as a wakala (agency) contract and reviewed by Amanie Advisors. Binance acts as agent and does not guarantee returns. It launched in about 29 countries in the Middle East, North Africa and South Asia and is still offered as of September 2026; availability in a given country should be checked in the app.
Sharia Earn
Staking of BNB, ETH and SOL through Binance Earn, built on BNB Locked Products and ETH and SOL staking rather than lending. BNB offers flexible and locked terms; ETH and SOL are locked only. Launched July 2025 in Saudi Arabia, the UAE, Qatar, Egypt, Indonesia, Pakistan and other countries.
Structure · Reviewed and certified by Amanie Advisors. Wakala contract accepted on subscription: Binance acts as agent (wakeel) for the user, with no guaranteed or fixed return; the wakala fee rate is not disclosed in the sources reviewed. Interest (riba), excessive uncertainty (gharar) and non-compliant assets are excluded; the reward mechanisms were reviewed by Sharia scholars before launch.
Partial token screening
Binance screens assets for Shariah compliance only inside Sharia Earn (currently BNB, ETH and SOL). The rest of the spot catalogue is listed through Binance's normal listing review, which is not a Shariah screen, so each coin must be checked on Liberandum before buying.
Step by step
How to trade halal on Binance
Register and complete verification
Create an account on binance.com or in the Binance app and complete Identity Verification (ID document and selfie). Users in Dubai are onboarded by the VARA-licensed entity Binance FZE; EU residents can no longer open accounts as of September 2026.
Deposit without interest-bearing products
Use Deposit or Buy Crypto (card, bank transfer or P2P where offered). Keep the balance in the Spot wallet. Do not move funds into Simple Earn, Flexible or Locked savings, Dual Investment or Loans: they pay interest-like returns and are not Shariah-certified.
Check each coin on Liberandum
Before buying, check the coin's halal status on Liberandum. Binance's listing review is not a Shariah screen; only the three Sharia Earn assets (BNB, ETH, SOL) are screened, and only for that product.
Trade only in Spot
Use Trade > Spot (or Convert) so both sides settle immediately. Avoid Margin, Futures (USD-M and COIN-M), Options, leveraged tokens, trading bots on futures and Copy Trading of futures.
Use Sharia Earn instead of ordinary Earn
If you want staking income on BNB, ETH or SOL, choose Sharia Earn in the Earn section where it is offered in your country. It runs on a wakala contract reviewed by Amanie Advisors with no guaranteed return.
Withdraw to self-custody
Move long-term holdings via Wallet > Withdraw to a wallet you control, and enable 2FA and an anti-phishing code on the account.
Availability
Where Binance serves users and under which licence
Your country:Choose your country
- Bahrain
- Egypt
- European Union
- Indonesia
- Kazakhstan
- Pakistan
- Qatar
- Saudi Arabia
- United Arab Emirates
- United Kingdom
- United States
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- Country not found
Choose your country to see availability
Available in United Arab Emirates
- Licence
- Binance FZE, VARA VASP licence VL/24/04/001 (Dubai); Binance.com global platform regulated by ADGM FSRA via Nest Exchange, Nest Clearing and Custody and Nest Trading
- KYC
- Full KYC (ID + selfie) required before trading
Available in Saudi Arabia
- Licence
- No local licence; served by the global platform (ADGM entities)
- KYC
- Full KYC (ID + selfie) required before trading
Available in Qatar
- Licence
- No local licence; served by the global platform (ADGM entities)
- KYC
- Full KYC (ID + selfie) required before trading
Available in Bahrain
- Licence
- Binance Bahrain BSC(c), Category 4 crypto-asset licence from the Central Bank of Bahrain; BPay Global BSC(c) payment licence
- KYC
- Full KYC (ID + selfie) required before trading
Available in Egypt
- Licence
- No local licence; served by the global platform (ADGM entities)
- KYC
- Full KYC (ID + selfie) required before trading
Restricted in Indonesia
- Licence
- Served locally through group exchange Tokocrypto (PT Aset Digital Berkat), Bappebti PFAK licence since September 2024
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- IDR through Tokocrypto
Restricted in Pakistan
- Licence
- Preliminary no-objection certificate from PVARA (December 2025), not an operating licence; full licence application pending as of September 2026
- KYC
- Full KYC (ID + selfie) required before trading
Available in Kazakhstan
- Licence
- BN KZ Technologies Limited, AFSA licences in the Astana International Financial Centre (trading facility, custody, dealing)
- KYC
- Full KYC (ID + selfie) required before trading
Restricted in United Kingdom
- Licence
- No FCA registration; Binance states its entities are not regulated by the FCA and UK users are not covered by the Financial Ombudsman Service
- KYC
- Full KYC (ID + selfie) required before trading
Not available in United States
- Licence
- Binance.com does not serve US persons; Binance.US is a separate company with a narrower product set
- KYC
- Not applicable
Not available in European Union
- Licence
- No MiCA authorisation; MiCA application in Greece withdrawn June 2026. From 1 July 2026 no new clients and no new crypto services; withdrawals remain available
- KYC
- Not applicable for new users
- United Arab EmiratesAvailable
Binance FZE, VARA VASP licence VL/24/04/001 (Dubai); Binance.com global platform regulated by ADGM FSRA via Nest Exchange, Nest Clearing and Custody and Nest Trading
- Saudi ArabiaAvailable
No local licence; served by the global platform (ADGM entities)
- QatarAvailable
No local licence; served by the global platform (ADGM entities)
- BahrainAvailable
Binance Bahrain BSC(c), Category 4 crypto-asset licence from the Central Bank of Bahrain; BPay Global BSC(c) payment licence
- EgyptAvailable
No local licence; served by the global platform (ADGM entities)
- IndonesiaRestricted
Served locally through group exchange Tokocrypto (PT Aset Digital Berkat), Bappebti PFAK licence since September 2024
- PakistanRestricted
Preliminary no-objection certificate from PVARA (December 2025), not an operating licence; full licence application pending as of September 2026
- KazakhstanAvailable
BN KZ Technologies Limited, AFSA licences in the Astana International Financial Centre (trading facility, custody, dealing)
- United KingdomRestricted
No FCA registration; Binance states its entities are not regulated by the FCA and UK users are not covered by the Financial Ombudsman Service
- United StatesUnavailable
Binance.com does not serve US persons; Binance.US is a separate company with a narrower product set
- European UnionUnavailable
No MiCA authorisation; MiCA application in Greece withdrawn June 2026. From 1 July 2026 no new clients and no new crypto services; withdrawals remain available
Presence by country
- United Arab EmiratesDubai: Binance FZE, VARA VASP licence VL/24/04/001 (April 2024). Abu Dhabi: three ADGM FSRA licences for the global platform, live January 2026.Licensed
- Saudi ArabiaServed by the global platform without a local licence; Sharia Earn launched here in July 2025.Available
- QatarServed by the global platform without a local licence; Sharia Earn launched here in July 2025.Available
- BahrainBinance Bahrain BSC(c), Category 4 crypto-asset service provider licence, Central Bank of Bahrain.Licensed
- EgyptServed by the global platform without a local licence; Sharia Earn launched here in July 2025.Available
- IndonesiaGroup exchange Tokocrypto (PT Aset Digital Berkat) holds a Bappebti PFAK licence since 6 September 2024.Licensed
- PakistanPreliminary no-objection certificate from PVARA (December 2025), not an operating licence; full licence application pending as of September 2026.Registered
- KazakhstanBN KZ Technologies Limited, AFSA licences in the Astana International Financial Centre.Licensed
Reliability in detail
Overall 6.7 of 10
Proof of reserves
5.0Monthly proof of reserves since November 2022 (45th report, snapshot 1 August 2026: about 657,000 BTC, 3.98 million ETH, 32.9 billion USDT). Users can verify inclusion via Merkle tree and zk-SNARK proofs, but the reports are self-attested: no named independent auditor attests them.
Licences
8.0As of September 2026: VARA VASP licence (Dubai, 15 April 2024), three ADGM FSRA licences for the global platform (operating since 5 January 2026), Central Bank of Bahrain Category 4, AFSA (Kazakhstan), Japan FSA, Bappebti via Tokocrypto, AUSTRAC registration. No MiCA authorisation (EU exit July 2026), no FCA registration, no US licence for Binance.com.
Incident history
6.0No hack of client funds on the exchange reported in the last five years. In November 2023 Binance pleaded guilty in the US to Bank Secrecy Act, unlicensed money-transmitting and sanctions violations and agreed to pay about USD 4.3 billion and retain an independent compliance monitor; its founder resigned. These were AML/sanctions failures, not losses of client funds.
Segregation of funds
6.0Custody for the global platform sits with Nest Clearing and Custody Limited, an ADGM Recognised Clearing House with a custody stipulation, and the PoR covers client balances. No independent audit confirming legal segregation of all client assets was found.
Insurance fund
9.0SAFU (Secure Asset Fund for Users) was converted into about 15,000 BTC (about USD 1.005 billion) in February 2026 at a published address; Binance rebalances it to USD 1 billion if it falls below USD 800 million. It is held and managed by Nest Clearing and Custody, regulated by ADGM FSRA.
Security practices
8.0SOC 2 Type II audit by A-LIGN (December 2023) and ISO 27001 / ISO 27701 certifications (June 2023, for France, Bahrain and UAE operations); no more recent report confirmed. 2FA, withdrawal whitelists and anti-phishing codes. SAFU covers losses from account compromise caused by Binance system vulnerabilities (claims within 90 days).
Fees
Spot trading, deposits and withdrawals
Spot trading
0.1% maker · 0.1% taker
Regular (VIP 0) spot fee 0.1 % maker and taker. Paying fees in BNB gives a 25 % discount (0.075 %). Lower fees at VIP tiers by 30-day volume.
Deposits
Crypto deposits are free. Fiat deposits and card or third-party purchases carry fees that depend on the country and method and are shown before confirmation.
Withdrawals
Crypto withdrawals carry a flat network fee per asset and network, shown before confirmation. Fiat withdrawal fees depend on the country and method.
Halal coins you can buy on Binance
Coins with a halal verdict listed on this exchange
No coins with a halal verdict on this exchange yet
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