Tether gold token XAUt has received certification from Islamic law, expanding the Islamic finance market

According to Cointelegraph, Tether's gold-backed token XAUt has received Shariah certification from Amanah Advisors, confirming that its structure complies with Islamic financial principles— including full backing by physical gold, no interest and leverage, and transparent reserves. Each XAUt represents one ounce of physical gold stored in Swiss vaults.

This certification provides Tether with a clearer path to promote XAUt to Islamic financial institutions and investors, and is expected to drive adoption in the Gulf Cooperation Council, South Asia, and parts of Africa. XAUt is one of the largest tokenized gold products in the crypto market, with on-chain asset value increasing from approximately $700 million in July 2025 to about $2.5 billion.