Tether’s gold-backed token XAU₮, representing one troy ounce of LBMA-certified gold held in Swiss vaults, has received Shariah certification from Sharlife and CoinStudy, which assigned it a score of 81 out of 100. On July 24, 2026, the Abu Dhabi Global Market (ADGM) designated XAU₮ as an Accepted Spot Commodity, allowing authorized firms to offer services related to the token in one of the Middle East’s key financial hubs. This breakthrough follows Tether’s broader strategy: a $150 million investment in Gold.com in February 2026 and a partnership with Fasset in April to launch a gold-backed Visa neobanking card targeting Islamic finance audiences. However, Halalscreener rated XAU₮ as « Doubtful » with a score of 50 out of 100 under AAOIFI criteria, and questions remain about whether planned Shariah-compliant yield products will withstand regulatory scrutiny.
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