In a digital economy hungry for ethical alternatives, one Sharia-compliant currency is carving out space where faith meets finance. Tharwa, a UAE-based company that issues stablecoins backed by real-world assets, has launched its Islamic stablecoin thUSD on Real Finance’s blockchain platform—expanding the infrastructure for decentralized finance built on tangible assets. Though not the first halal cryptocurrency, thUSD appears to be the first with this particular mix of backing: Sukuk, gold, real estate, and short-term sovereign debt combined in a Sharia-compliant, USD-pegged design.
This integration matters because it brings a better product than the earlier Islamic digital finance projects. The stablecoin’s diverse portfolio makes it more appealing for investors, especially the followers of Islam, who are always looking for better Sharia-compliant investment tools. It might serve as a template for future faith-based digital currencies.
Tharwa plans to use artificial intelligence-driven financial models to manage the holdings. Real Finance brings transparency and compliance tools to the partnership.
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Both companies describe their product as a step towards sustainable and more innovative on-chain finance.
The demand for halal digital assets continues to exceed supply, and this multi-asset, fully on-chain stablecoin could pave the way for a time when faith and finance coexist more harmoniously.
