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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the growing integration of digital assets into Sharia-compliant financial markets, Tether's gold-backed token XAUt has received official Sharia certification. The certification was granted by Amanah Advisors following a structural review to ensure the token meets Islamic finance principles, including real asset ownership and the absence of interest (riba). According to reports, this milestone is designed to unlock access for Islamic banks, institutions, and individual investors to hold and trade tokenized gold.
The certification reinforces XAUt's position as a digital asset representing direct ownership of physical gold stored in Swiss vaults, providing a transparent digital alternative for investors in the GCC and other Islamic hubs. Per analyst facts, this update is a compliance milestone rather than a new product launch, aimed at broadening legitimacy among Sharia-conscious institutions. Market data suggests that such certification can be a gating factor for institutional access, potentially accelerating adoption in halal savings products and trade finance platforms.
Looking ahead, while specific price data for XAUt was unavailable at the close of July 28, 2026, investors should monitor broader economic catalysts. Key upcoming events include the interest rate decision in Turkey on July 23, 2026, which may influence investor sentiment in major regional markets where Islamic finance demand is significant.