Digital Gold Product Earns Shariah Certification, Opening Doors for Islamic Investors
XAU₮, a digital gold product, has received Shariah certification from Amanah Advisors. This approval confirms that XAU₮ aligns with Islamic finance rules, giving Muslim investors a compliant pathway to hold physical gold through blockchain infrastructure.
The certification is significant because it validates the core principles of halal financial products, including real asset backing, transparent reserves, and the absence of riba. Each XAU₮ token represents direct ownership of physical gold stored in Swiss vaults, making it a legitimate option for Islamic investors.
The approval is expected to support expansion across GCC markets, South Asia, Africa, and global financial centers that operate Islamic finance desks. Tether plans to accompany the rollout with multilingual educational resources and regional communication initiatives tailored to institutional and retail audiences.