The *.bin files are Self extracting packages just like rpm packages. Here i am installing JAVA 6 with "jre-6u23-linux-i586.bin" package. So take a look ...
To install Java with .bin file, first give it execution permission by
#chmod 777 jre-6u23-linux-i586.bin (Very important step)
Now just run it with
Installed ... Now to configure any settings you have to see it's manual or README file if provided with package, because every utility have different configuration steps.