Tether Gold secures Shariah certification for XAU₮

The review conducted by Mufti Faraz Adam’s team scrutinized the token’s ownership model and reserve transparency, confirming that XAU₮ aligns with Islamic finance requirements. By eliminating elements of riba—the prohibition on interest—the certification opens a pathway for the token to be utilized in halal savings products, takaful insurance services, and institutional gold allocations. Each XAU₮ token represents one troy fine ounce of physical gold, a tangible backing that satisfies the need for identifiable assets in Shariah-compliant transactions.

This development follows the Abu Dhabi Global Market’s recent designation of XAU₮ as an Accepted Spot Commodity, further embedding Tether’s offerings within the Middle Eastern financial landscape. Tether CEO Paolo Ardoino noted that the certification bridges traditional demand for gold with modern blockchain infrastructure, potentially accelerating adoption across the Gulf Cooperation Council countries, South Asia, and Africa. With the token’s locked value surging to approximately $2.86 billion over the past year, the approval provides institutional investors a structured way to gain gold exposure without relying on synthetic contracts.