Luno has secured Shariah certification for its entire staking suite and its Large Cap Bundle in Malaysia.
The digital asset exchange says this makes it the first regulated digital asset exchange in the country to offer Muslim investors a full range of Shariah-certified passive-growth products.
Sharlife, a Shariah advisory firm registered with the Securities Commission Malaysia (SC), carried out the independent review.
It covered Luno’s staking services for Polkadot (DOT), Avalanche (AVAX), Cosmos (ATOM) and NEAR Protocol (NEAR).
Staking allows cryptocurrency holders to commit their assets to help validate transactions on a blockchain network and earn rewards in return.
All seven Luno staking wallets now certified
The four newly certified assets join Ethereum (ETH), Solana (SOL) and Cardano (ADA). These three assets received Shariah certification between December 2024 and October 2025.
Amanie Advisors certified Luno’s Ethereum staking in December 2024, while the earlier certifications for Solana and Cardano brought the total number of certified staking wallets to seven.
The same review covered Luno’s Large Cap Bundle, which the exchange launched in Malaysia in November 2024 in partnership with CoinDesk Indices.
It tracks the CoinDesk 5 Index available in Malaysia and gives customers exposure to up to five of the largest cryptocurrencies by market capitalisation. The portfolio is automatically rebalanced.
What the Shariah review assessed
For the staking services, Sharlife examined the contractual arrangements and operational mechanisms, including how transactions are validated and how rewards are distributed.
For the Large Cap Bundle, the assessment covered its investment arrangement, asset selection, rebalancing mechanisms and applicable Shariah screening process.
Based on the scope of its assessment, Sharlife found the reviewed products consistent with the relevant Shariah principles and requirements.
“Muslim investors have long asked for clarity on whether digital asset products are permissible. Luno’s decision to put its entire passive-growth range through independent review, rather than a single product, sets the standard that other platforms in the region should follow,”
said Mohamad Zulhaikal Mat Zukri, Founder and CEO of Sharlife.
Building on Ethereum staking
“When we certified Ethereum staking as Shariah-compliant in December 2024, we made a commitment to expand our Shariah-compliant range so that every Malaysian could invest with assurance. Today we deliver on that promise,”
said Scarlett Chai, Country Manager for Malaysia at Luno.
Chai added that the company will continue working with its Shariah advisers to bring additional assets and products under certification.
Featured image credit: Edited by Fintech News Malaysia, based on image by peoplecreations via Magnific
