Tether Gold-backed digital asset XAU₮ receives Sharia compliance certification
2026-07-27 12:03
Odaily Planet Daily News Tether announced that its gold-backed digital asset XAU₮ has received Sharia compliance certification from Amanah Advisors, an institution led by Mufti Faraz Adam. The certification confirms that XAU₮ adheres to the core principles of Islamic finance.
XAU₮ is issued by TG Commodities, S.A. de C.V., and each full token represents direct ownership of physical gold stored in Swiss vaults. Certification requirements include genuine ownership of physical gold, clear and verifiable asset backing, no interest, no leverage or speculative derivatives, and transparent reserve structure.
Tether stated that XAU₮ can be used for Islamic bank integration of digital gold products, takaful and halal savings products, long-term wealth preservation strategies, tokenized trade finance, and collateral applications. Amanah Advisors will continue to work with Tether to develop practice guidelines and governance frameworks to support the adoption of XAU₮ in a Sharia-compliant manner.
XAU₮ is issued by TG Commodities, S.A. de C.V., and each full token represents direct ownership of physical gold stored in Swiss vaults. Certification requirements include genuine ownership of physical gold, clear and verifiable asset backing, no interest, no leverage or speculative derivatives, and transparent reserve structure.
Tether stated that XAU₮ can be used for Islamic bank integration of digital gold products, takaful and halal savings products, long-term wealth preservation strategies, tokenized trade finance, and collateral applications. Amanah Advisors will continue to work with Tether to develop practice guidelines and governance frameworks to support the adoption of XAU₮ in a Sharia-compliant manner.
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