Category

Tokenized Gold coins: are they halal?

13 Tokenized Gold coins screened against our 27-point Shariah methodology. Open any report for pillar scores, criterion breakdowns and purification guidance.

What is Tokenized Gold?

Tokenized gold refers to blockchain-based tokens that represent ownership of physical gold, typically at a fixed ratio such as one token per gram or troy ounce. Each token is backed by allocated bullion held in secured vaults by a custodian, with issuers providing audits or redemption mechanisms allowing holders to exchange tokens for physical metal or verify reserves on-chain. These tokens trade on cryptocurrency exchanges and combine gold's price stability with blockchain features like divisibility, transferability, and use as collateral in decentralized finance.

Halal: 3 coins (23%)Mashbooh: 8 coins (62%)Haram: 2 coins (15%)13 coins
  • Halal23%
  • Mashbooh62%
  • Haram15%
ShariahRibaGhararMaysir
43PAX GoldPAXGHALAL89.9
355Matrixdock GoldXAUMHALAL77.5
1283Gold Token SA DGLD Tokenized GoldDGLDHALAL76.5
38Tether GoldXAUTMASHBOOH67.1
1575Comtech GoldCGOMASHBOOH65.4
1480VNX GoldVNXAUMASHBOOH65
1573GoldZip GoldXGZMASHBOOH65
131Kinesis GoldKAUMASHBOOH63.1
617Goldfish GoldGGBRMASHBOOH62.3
2270KinkaXNKMASHBOOH62.2
300Pleasing GoldPGOLDMASHBOOH57.7
1033Streamex GLDYGLDYHARAM41.1
2844Tenbin GoldTGLDHARAM33.1

How CryptoUmmah screens Tokenized Gold coins

As with every category we track, coins here are screened individually against our 27-point methodology across the three core pillars — riba (interest), gharar (uncertainty), and maysir (speculation/gambling) — rather than being judged by category label alone. Two coins sharing this tag can land on very different verdicts depending on their specific tokenomics, revenue model, and governance structure. Across the 13 Tokenized Gold coins we've screened, the average Shariah compliance score sits at 63.5/100, with 23% classified Halal, 62% Mashbooh, and 15% Haram.