Tether's XAU₮ Gold-Backed Token Receives Islamic Law Compliance Certification from Amanah Advisors

XAUUSD0.66%
According to ChainCatcher, Tether's gold-backed digital asset XAU₮ has obtained Islamic law compliance certification from Amanah Advisors, led by Mufti Faraz Adam. The certification confirms that XAU₮ meets core principles of Islamic finance. Each token represents direct ownership of physical gold stored in Swiss vaults and issued by TG Commodities, S.A. de C.V. The certification requirements include genuine physical gold ownership, verifiable asset backing, absence of interest, and no leverage or speculative derivatives. Tether stated that XAU₮ can support Islamic banking integration of digital gold products and long-term wealth preservation strategies.
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