- Trending
- Comments
- Latest
Luno says every staking product it offers in Malaysia is now Shariah-certified, after advisory firm Sharlife Sdn Bhd certified Polkadot, Avalanche, Cosmos and NEAR on November 10, 2026. Ethereum, Solana and Cardano were certified between December 2024 and October 2025. The review also covers Luno’s Large Cap Bundle.
The company’s Large Cap Bundle, which provides exposure to up to five major cryptocurrencies by market capitalisation, has also received approval following an independent assessment.
The assessment was conducted by Sharlife Sdn Bhd, a Shariah advisory firm registered with the Securities Commission Malaysia. The firm examined the contractual arrangements and operational structures behind Luno’s staking services to determine whether they aligned with relevant Islamic finance requirements.
The review covered how staking transactions are validated and how rewards are generated and distributed to investors. These operational details formed part of the assessment used to establish whether the products complied with the applicable principles.
Sharlife founder and chief executive officer Mohamad Zulhaikal Mat Zukri explained the scope of the review, highlighting the importance of examining how the products function rather than relying solely on their descriptions.
“Our Shariah review examined the relevant contractual arrangements and operational mechanisms of the staking services, including how transactions are validated and rewards are distributed,” Mat Zukri said.
The assessment also extended to Luno’s Large Cap Bundle, which operates differently from individual cryptocurrency staking products.
According to Sharlife, the review considered the bundle’s investment arrangement, the criteria used to select its constituent assets, its automatic rebalancing mechanisms and the screening procedures applied to ensure compliance.
Mat Zukri said the firm found the reviewed products consistent with the relevant Islamic financial requirements following its assessment.
“Based on the scope of our assessment, we found the reviewed products to be consistent with the relevant Shariah principles and requirements,” he said.
The independent review provides an additional layer of assessment for investors who consider religious compliance when selecting digital asset investment products.
Beyond its seven staking assets, Luno’s Large Cap Bundle represents another part of the exchange’s effort to expand its range of investment products.
The bundle tracks the CoinDesk 5 Index, offering exposure to as many as five leading cryptocurrencies based on market capitalisation. Its portfolio is automatically rebalanced, allowing the composition of the investment product to adjust as the underlying market changes.
The Shariah certification review of the bundle covered its investment structure, asset selection process, portfolio rebalancing and applicable screening procedures.
Unlike staking, which involves participating in blockchain transaction validation and receiving associated rewards, the Large Cap Bundle provides investors with diversified exposure to major digital assets through a managed portfolio structure.
Having both products independently assessed broadens the range of investment options available to Muslim investors who want exposure to the cryptocurrency market while observing Islamic financial principles.
Luno said the certification makes it the first regulated digital asset exchange in Malaysia to offer a complete range of independently certified passive-growth products.
The development also brings its staking portfolio fully under Shariah certification, less than two years after Ethereum staking became the first product of its kind to receive such certification in December 2024.
The certification comes amid broader efforts to examine how digital assets and blockchain-based financial services can fit within Islamic finance frameworks.
Scarlett Chai, Luno’s Malaysia country manager, said the exchange would maintain its collaboration with Shariah advisers to evaluate other assets and offerings.
The company’s approach suggests that its existing Shariah certification coverage is part of a continuing process rather than a final expansion of its product range.
By extending independent assessments across its staking services and Large Cap Bundle, Luno is positioning its offerings to serve investors who want access to cryptocurrency markets without overlooking religious considerations.
The latest Shariah certification also highlights the growing intersection between digital asset investment and Islamic finance, particularly in markets such as Malaysia, where regulatory oversight and religious compliance remain important considerations for financial products.
Copyright © 2025 - The Bit Gazette.
