Solv Unveils Shariah-Compliant Bitcoin Yield Product, Unlocking New Opportunities for Middle Eastern Investors
Solv, the Bitcoin staking protocol with over $2 billion in BTC locked on its platform, announced the launch of SolvBTC.core, a Shariah-compliant yield product designed to offer Middle Eastern investors a way to earn returns on their Bitcoin holdings while adhering to Islamic finance principles.
The new offering, developed in collaboration with the Core ecosystem, integrates decentralized finance (DeFi) features such as liquid staking, lending, and decentralized exchanges. With the guidance of Nawa Finance and certification from Amanie Advisors, SolvBTC.core ensures full Shariah compliance by generating yield through activities like securing the Core blockchain and participating in on-chain DeFi protocols.
This product allows Bitcoin holders to earn passive income without compromising on ethical or religious values, giving them access to the growing Core blockchain ecosystem. The launch of SolvBTC.core aims to tap into the expanding demand for Shariah-compliant financial products in the Middle East, where Bitcoin is already one of the most popular assets.
Ryan Chow, founder of Solv Protocol, emphasized the product’s potential to attract institutional investors in the region, offering a compliant way to stake Bitcoin and earn on-chain returns.
“With the launch of SolvBTC.core, we’re opening doors for traditional financial institutions and sovereign wealth funds in the Middle East to participate in Bitcoin staking without violating Shariah principles,” Chow said in a statement. “This is a crucial step in the broader adoption of digital assets by institutional investors in the region.”
Shaqir Hashim, a core contributor at Nawa Finance, pointed out that Bitcoin has become the leading digital asset in countries like Saudi Arabia, UAE, Pakistan, Nigeria, Indonesia, and Malaysia, where demand for yield-generating opportunities is on the rise.
“The next evolution in Bitcoin holdings is earning yield. At Nawa Finance, we’re enabling Bitcoin holders to engage with ethical yield strategies that are fully compliant with Shariah law, providing a way for institutions and individuals in these regions to benefit from digital assets,” Hashim said.
