Tether's XAUT Gold Token Secures Shariah Certification for Islamic Finance
Tether's gold‑backed digital token XAUT has been granted Shariah certification by Amanah Advisors, led by Mufti Faraz Adam. The certification confirms that each XAUT token, representing one troy ounce of physical gold stored in Swiss vaults, complies with Islamic finance principles, including full asset backing, the absence of interest, leverage and speculative derivatives.
The approval opens the token to Islamic banks, institutions and individual investors seeking Shariah‑compliant exposure to physical gold. Tether expects broader adoption across markets where Islamic finance is prevalent, such as the Gulf Cooperation Council, South Asia and parts of Africa. As of March 31, XAUT was backed by more than 707,000 troy ounces of gold worth over $3.3 billion, with its on‑chain value rising from about $700 million in July 2025 to roughly $2.5 billion.
Earlier, the Abu Dhabi Global Market (ADGM) had designated XAUT as an Accepted Spot Commodity, strengthening its regulatory standing in the United Arab Emirates. The Shariah certification is viewed as a key step toward integrating tokenised real‑world assets into the Islamic finance ecosystem.
Entities: Abu Dhabi Global Market (ADGM) · Amanah Advisors · Mufti Faraz Adam · Tether · XAUT
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Mufti Faraz Adam led the certification process. (Mufti Faraz Adam)
- [● 3 SOURCES] The certification allows Islamic banks and investors to access digital gold in a Shariah‑compliant way. (Tether)
- [● 3 SOURCES] Each XAUT token represents one troy ounce of physical gold stored in Swiss vaults. (Tether)
- [● 3 SOURCES] XAUT received Shariah certification from Amanah Advisors. (Amanah Advisors)
- [○ 1 SOURCE] ADGM designated XAUT as an Accepted Spot Commodity. (Abu Dhabi Global Market)
- [○ 1 SOURCE] XAUT’s on‑chain asset value grew from about $700 million in July 2025 to roughly $2.5 billion. (RWA.xyz data)
- [○ 1 SOURCE] XAUT was backed by more than 707,000 troy ounces of gold worth over $3.3 billion as of March 31. (Tether)
- [● 3 SOURCES] The certification confirms XAUT avoids interest, leverage and speculative derivatives, aligning with Shariah principles. (Amanah Advisors)