- Move strengthens access to Shariah-compliant digital asset investments in Malaysia
- Completes Shariah certification across all seven staking offerings and its Large Cap Bundle
Luno, Malaysia's leading digital asset exchange, has announced that its entire staking suite and Large Cap Bundle are now Shariah-certified, making it the country's first regulated digital asset exchange to offer a full range of Shariah-certified passive-growth products to Malaysian investors.
The certification follows an independent Shariah review by Sharlife Sdn Bhd, a Shariah advisory firm registered with the Securities Commission Malaysia, covering Luno's staking offerings for Polkadot (DOT), Avalanche (AVAX), Cosmos (ATOM) and NEAR Protocol (NEAR).
These four offerings join Ethereum (ETH), Solana (SOL) and Cardano (ADA), which Luno's independent Shariah adviser certified between December 2024 and October 2025, bringing all seven of Luno's staking wallets under Shariah certification.
In the same review, Sharlife certified Luno's Large Cap Bundle, which tracks the CoinDesk 5 Index available in Malaysia, as Shariah-compliant. Launched in November 2024 in partnership with CoinDesk Indices, the bundle gives customers exposure to up to five of the largest cryptocurrencies by market capitalisation in a single, automatically rebalanced portfolio.
Malaysia has five digital asset exchanges registered with the Securities Commission Malaysia (SC): Luno, HATA Digital, MX Global, SINEGY DAX and Kinetic DAX. The exchanges recorded combined trading value of US4.2 billion(RM17 billion) in 2025, up 23% from US3.4 billion (RM14 billion) in 2024, according to the SC.
This milestone means Malaysian Muslim investors can now stake, bundle and hold digital assets on Luno, with the assurance that the platform's passive-growth products have been independently assessed against Shariah requirements.
Luno's country manager for Malaysia, Scarlett Chai, said, “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. Every staking wallet and our Large Cap Bundle are now certified, which makes Luno the first regulated exchange in Malaysia where Muslim investors can grow their digital asset holdings passively without compromising their beliefs.”
“Malaysia pioneered the modern Islamic finance industry, from the first Islamic bank in 1983 to the world's first green sukuk. It is only right that Malaysia also leads in bringing digital assets within reach of Islamic finance. With over one million customers in the country, we are honoured to be the exchange that makes this possible, and we will keep working with our Shariah advisers to bring new assets and products under certification as we grow,” Chai added.
Mohamad Zulhaikal Mat Zukri, founder and CEO of Sharlife, said, “Our Shariah review examined the relevant contractual arrangements and operational mechanisms of the staking services, including how transactions are validated and rewards are distributed. For the Large Cap Bundle, we assessed its investment arrangement, asset selection and rebalancing mechanisms, including the applicable Shariah screening process. Based on the scope of our assessment, we found the reviewed products to be consistent with the relevant Shariah principles and requirements. Completing certification across the current staking suite is a meaningful step for Islamic fintech in Malaysia.”
“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,” Zulhaikal added.
Shariah-compliant digital asset products represent a further development in Malaysia's Islamic finance ecosystem, where nearly half of all financing and nearly two-thirds of the capital market already operate on Shariah principles.
In December 2024, Luno became the world's first regulated digital asset exchange to offer Shariah-certified Ethereum staking, followed by Solana and Cardano in October 2025. The latest certification completes its staking suite less than two years after the initial milestone.
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