Tether's Gold-Backed Digital Asset XAU₮ Receives Shariah Certification

Tether announces on July 27, 2026, that its gold-backed digital asset XAU‛ has received Shariah compliance certification from Amanah Advisors, led by Mufti Faraz Adam. This milestone enables Muslim investors to access physical gold ownership digitally through a structure that avoids interest, leverage, and speculative derivatives. The certification is expected to drive adoption across GCC countries, South Asia, and Africa, supported by educational resources and governance frameworks.

XAU‛ Shariah certification

• ▪Tether announced on July 27, 2026, that its gold-backed digital asset XAU‛ received Shariah compliance certification from Amanah Advisors
• ▪The Shariah compliance certification for XAU‛ was led by Mufti Faraz Adam of Amanah Advisors

Islamic finance principles

• ▪Gold has served as a foundational store of wealth in Islamic finance for more than 1,400 years.
• ▪The Shariah certification confirms that XAU‛ aligns with core Islamic finance principles, enabling Muslims to access physical gold ownership digitally

Physical gold tokenization structure

• ▪Each XAU‛ token represents direct ownership of physical gold held in Swiss vaults
• ▪One full XAU‛ token represents ownership of one troy fine ounce of gold on a London Good Delivery bar, redeemable in physical gold.

Shariah compliance requirements

• ▪The XAU‛ structure avoids riba (interest), leverage, speculative derivatives, and maintains a transparent reserve structure
• ▪The Shariah certification confirms that TG Commodities, S.A. de C.V. meets requirements including real ownership of physical gold and clear asset backing

Geographic market expansion

• ▪The Shariah certification is expected to support the expansion of XAU‛ across GCC countries, South Asia, parts of Africa, and global financial centers
• ▪Tether plans to support the rollout of XAU‛ with multilingual educational resources and regional communication initiatives.

Amanah Advisors governance framework

• ▪The governance frameworks developed by Amanah Advisors will particularly support XAU‛ acquisition through secondary markets.
• ▪Amanah Advisors will work with Tether to develop guidelines and governance frameworks to support the adoption of XAU‛ in a Shariah-compliant manner.