Tether’s XAUt gold token receives Shariah certification to expand Islamic finance access
Cointelegraph 2026-07-27 16:44:03
Context: Tether's XAUt gold token has received Shariah certification, a move that could significantly expand its accessibility to Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold. This certification is crucial as it aligns with Islamic finance principles, allowing Tether to tap into a niche market that prioritizes investments compliant with Islamic law. The certification process involves rigorous scrutiny to ensure that the token's operations and structure adhere to Shariah principles.
Key Facts
- The Shariah certification of Tether's XAUt gold token enables Islamic financial institutions and investors to invest in a Shariah-compliant gold-backed digital asset, potentially broadening the token's user base.
- Tether's gold token, XAUt, is backed by physical gold, providing investors with a digital means to gain exposure to gold while adhering to Islamic finance principles that govern permissible investments.
- The certification could facilitate greater participation from Islamic investors and institutions in the digital asset space, particularly in gold investments, by ensuring that XAUt's operations and structure are compliant with Shariah law.