Tether said on July 27 that its gold-backed digital asset XAUT has received Shariah compliance certification from Amanah Advisors, a move the company says opens a compliant digital gold investment route for Muslim users, Islamic banks, and institutional investors worldwide. According to Tether, the certification confirms that XAUT aligns with core Islamic finance principles and lets users hold physical gold in digital form through blockchain infrastructure. Each XAUT token represents direct ownership of physical gold stored in a Swiss vault, and the structure does not include interest, leverage, or speculative derivatives. Amanah Advisors said issuer TG Commodities, S.A. de C.V. meets Islamic finance requirements, including actual ownership of physical gold, transparent and verifiable reserves, no interest-based mechanism, and no use of leverage or speculative derivatives. Tether added that gold has long held an important role in Islamic finance and said the certification is expected to support XAUT adoption across GCC countries, South Asia, parts of Africa, and global Islamic finance centers.

ruya, the UAE’s digital-first Islamic bank, has become the first Islamic bank in the world to offer direct access to Bitcoin and other virtual asset investments through its mobile app. The service is launched in partnership with licensed virtual asset infrastructure provider Fuze and is positioned as fully Shari’ah-compliant, ethical, and focused on long-term investing rather than speculation.

ruya (رويا), the UAE's digital-first Islamic bank, has become the first Islamic bank globally to offer direct virtual asset investments including Bitcoin through its mobile app, in partnership with Fuze. The service is fully Shari'ah-compliant and designed for long-term growth, not speculation. The UAE received over $30 billion in virtual assets in the year ending June 2024, up 42% year-on-year. ruya also provides customer support via community centers and hybrid call centers.