Tether’s XAUt gold token wins Shariah certification from Amanah Advisors

Certification opens distribution path

The certification indicates that XAUt’s structure aligns with core Islamic finance requirements. According to the assessment cited by Tether, the token is fully backed by physical gold, does not involve interest or leverage, and provides transparent reserves.

Tether said the decision creates a clearer route for offering XAUt to institutions and investors that require Shariah-compliant products. The company added that it expects the designation to help support adoption in regions where Islamic finance plays a major role, including the Gulf Cooperation Council, South Asia and parts of Africa.

How XAUt is structured

Tether says each XAUt token represents one troy ounce of physical gold held in Swiss vaults. The product is designed to give holders blockchain-based exposure to gold while relying on allocated physical reserves.

The Shariah certification rests on features that are typically central to Islamic finance screening in this context: direct asset backing, the absence of interest-based mechanisms and leverage, and reserve transparency. Amanah Advisors’ approval therefore addresses a key requirement for investors and institutions that cannot use products falling outside those principles.

Scale of the tokenized gold product

XAUt is already among the largest tokenized gold products in the crypto market. Tether’s most recent reserve figures showed that, as of March 31, the token was backed by more than 707,000 troy ounces of physical gold, valued at over $3.3 billion.

Separate market data points to rapid growth in the token’s onchain footprint. According to RWA.xyz, XAUt’s onchain asset value increased from around $700 million in July 2025 to roughly $2.5 billion.

Broader market context

The certification does not change the underlying reserve model described by Tether, but it may remove a barrier for market participants that need formal Shariah compliance before allocating to a product. For Tether, that potentially expands XAUt’s addressable market beyond existing crypto users into segments of Islamic finance that require specifically structured access to physical assets.