#ShariahCompliance

Tether’s Gold-Backed Token XAUT Gains Shariah Compliance Certification

Tether has officially secured Shariah compliance certification for its gold-backed digital token, XAUT, from the advisory firm Amanah Advisors. This certification confirms that the token adheres to Islamic finance principles by prohibiting interest, excessive uncertainty, and speculation. Each XAUT token represents one fine troy ounce of physical gold stored in Swiss vaults, ensuring the asset remains tangible and compliant with religious standards. By meeting these requirements, XAUT is now positioned as a permissible investment for Muslim investors and institutions globally. This development is significant for the RWA market as it bridges the gap between blockchain-based digital assets and the $4 trillion Islamic finance industry. The move could accelerate the adoption of tokenized precious metals in key markets such as the UAE, Saudi Arabia, Malaysia, and Indonesia. Furthermore, this certification sets a precedent for other digital asset issuers looking to align their products with ethical and legal frameworks in diverse financial sectors.

bitcoinworld.co.in·3h ago