Luno Malaysia, the digital asset exchange or crypto exchange, announced that its entire staking suite and self-named Luno Large Cap Bundle are now shariah compliant. The move makes it the first digital exchange to do so, offering a full range of Shariah-certified passive growth for local investors.
The certification comes after a comprehensive review by Sharlife, a Shariah advisory firm, that is registered with the Securities Commission Malaysia. The new coverage includes Avalanche (AVAX). Cosmos (ATOM), NEAR Protocol (NEAR), Polkadot (DOT), Solana (SOL), Cardano (ADA), and Ethereum (ETH). Surprisingly, Ripple (XRP) is not on that list.
For the Luno Large Cap Bundle, the Shariah compliance covers investment arrangement, asset selection, rebalancing mechanisms, and a Shariah screening process. As for the indicative annual reward for each coin, the following is as provided by the crypto exchange.
