ComTech Gold $CGO becomes the first 100% Gold backed token

ComTech Gold $CGO becomes the first 100% Gold backed token

Dubai, United Arab Emirates: ComTech FZCO receives Shariah Compliance Certification for ComTech Gold Token (CGO), becoming the first in industry to be awarded a shariah certification for Gold tokenization product in the Region. Shariah certification (Fatwa) was issued by Amanie Advisors Ltd, an entity specialising in field of Shariah-compliant investments and Islamic finance solutions.

ComTech FZCO, a Dubai-based company redefining tokenization infrastructure (for real-world assets), started with digitization of Gold powered by XDC Network. Comtech Gold ‘CGO’ is listed on Global Exchanges like LBank, Bitrue. Investors can buy CGO by opening an account with these exchanges. Investors can hold tokens within the exchange wallets or with any of the Internationally accepted wallets like D’cent, Guarda, or through regulated digital Custodians like Propine, a MAS-regulated entity.

Supported by the guidance from Amanie Advisors Ltd, ComTech Gold Shariah certification was provided after confirming that the structure, mechanism, and relevant key legal documentation of Comtech Gold Token met all the necessary requirements in line with Shariah rules and standards defined by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

Navin D’souza, Chief Executive Officer of ComTech Gold, said: “We are proud to be the first Gold blockchain company in the region to receive Shariah