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28.07.26 - 13:27
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Tether′s XAUt Gold Token Receives Shariah Certification To Expand Islamic Finance Access (ZeroHedge)
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Tether's XAUt Gold Token Receives Shariah Certification To Expand Islamic Finance Access
Authored by Nate Kostar via CoinTelegraph.com,
Tether's gold-backed token XAUt has received Shariah certification from Amanah Advisors, a move that could expand access to the token among Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold.
The certification found XAUt's structure complies with key Islamic finance principles, including full backing by physical gold, the absence of interest and leverage, and transparent reserves.
Each XAUt token represents one troy ounce of physical gold stored in Swiss vaults, according to Tether.
The designation gives Tether a clearer pathway to market XAUt to Islamic financial institutions and investors that require Shariah-compliant investment products.
Tether said it expects the certification to support adoption across markets where Islamic finance is widely used, including the Gulf Cooperation Council, South Asia and p...
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