DSN MUI Uncovers Potential for Sharia Crypto Based on Gold and Sukuk

The National Sharia Council of the Indonesian Ulema Council (DSN MUI) is advocating for the creation of sharia-compliant cryptocurrency assets. The key requirement is that these digital assets must be backed by real-world assets (RWA), such as gold or other commodities, to meet Islamic legal standards.

Gunawan Yasni, Deputy Treasurer General of DSN MUI, explained that tangible assets like gold can be tokenized on the blockchain. This process is permissible as long as it aligns with sharia principles and features transparent transaction methods. "The closest thing to crypto assets is real-world assets (RWA). If gold is a commodity, it can very well be used for gold tokenization based on blockchain or crypto assets," Gunawan stated at the Indonesia Blockchain Week 2026 in Jakarta.

Developing sharia-backed crypto with real-world assets is expected to broaden the application of blockchain technology within the Islamic finance sector. DSN MUI believes this approach could lead to innovative instruments in the digital economy, especially when the tokenized assets have a clear and accountable underlying value. Similar opportunities exist for tokenizing sukuk, or Islamic bonds, from both government and corporate issuers, making them more accessible to the public and integrating them into the digital asset ecosystem.

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The closest thing to crypto assets is real-world assets (RWA). If gold is a commodity, it can very well be used for gold tokenization based on blockchain or crypto assets.