NewsHK
Against the backdrop of growing global demand for Shariah-compliant investment products, gold-backed digital tokens have gained a new certification pathway into Islamic finance.
Tether's XAUt has received Shariah certification, a development that could expand the token's reach among Islamic financial institutions and investors seeking compliant exposure to physical gold.
What the certification addresses at the protocol level XAUt is structured as a token backed by physical gold.
For Islamic investors, the question has always been whether that digital claim constitutes a permissible commodity holding or a prohibited financial instrument.
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