Buy ETH or BTC in Sharia-compliant installments via on-chain Murabaha - no riba (interest), no bank, no intermediary. Built on Base Mainnet.
Launch Qist App Learn MoreIslamic DeFi (Decentralized Islamic Finance) applies Sharia-compliant financial contracts - like Murabaha (cost-plus sale) - through smart contracts on the blockchain, replacing banks and intermediaries.
It combines the transparency and accessibility of DeFi with Islamic finance principles: no riba (interest), no gharar (excessive uncertainty), and genuine asset ownership before sale.
Qist (Arabic: قسط - "installment") is the first live, decentralized Islamic Murabaha protocol on Base Mainnet (Ethereum L2 by Coinbase). It is a smart contract that enables Sharia-compliant installment purchases of ETH and BTC.
| Feature | Conventional DeFi (Aave, Compound) | Qist Islamic DeFi |
|---|---|---|
| Contract Type | Interest-bearing loan (riba) | Cost-plus sale (Murabaha) |
| Profit Structure | Variable interest, compounding | Fixed markup, agreed upfront |
| Asset Delivery | Receive cash/tokens to speculate | Receive the actual asset immediately |
| Ownership Before Sale | Not required | Mandatory (real deposit in contract) |
| Sharia Compliance | Haram (riba-based) | Halal by design |
| Transparency | On-chain but complex | Fully transparent, open source |
Islamic DeFi applies Sharia-compliant financial contracts - Murabaha (cost-plus sale), Musharakah (profit-sharing partnership), Ijarah (lease) - through blockchain smart contracts. It replaces banks and intermediaries while maintaining Islamic principles: no riba (interest), no gharar (uncertainty), and real asset ownership.
Most conventional DeFi (Aave, Compound, Uniswap yield farming) involves riba (interest) and is therefore haram. However, Islamic DeFi protocols designed around Murabaha or other Sharia-compliant contracts can be halal. Qist Protocol is built specifically to comply with Islamic finance principles - no interest, real asset sale, fixed and transparent profit.
Yes - through Islamic Murabaha financing. Qist Protocol enables this on Base blockchain: a seller deposits real ETH or BTC, sells it to you at a fixed pre-agreed markup paid in USDC installments. You own the asset from day one. This is a sale, not a loan - there is no interest, and the profit does not compound.
Murabaha (مرابحة) is an Islamic finance contract where a seller purchases an asset and sells it to the buyer at a disclosed cost-plus profit margin. The buyer may pay in installments. The key features: (1) seller must own the asset before selling, (2) profit is fixed and transparent, (3) price does not increase with late payment. It is one of the most widely used halal financing instruments in Islamic banks.
Islamic banks are centralized institutions requiring licenses, imposing fees, and potentially mixing compliant and non-compliant operations. Qist is a fully decentralized smart contract: its code is public and immutable (for the logic), any profit or collateral handling is transparent on-chain, and it requires no trust in a human intermediary. It's Islamic finance enforced by code, not by claims.
Riba-free crypto financing uses Islamic contracts instead of interest-bearing loans. In Murabaha, the profit comes from a legitimate sale at a fixed markup - not from lending money at interest. The total amount owed is fixed from day one and cannot increase. Qist implements this for ETH and BTC on Base blockchain.
Qist is deployed on Base Mainnet (Chain ID 8453), an Ethereum Layer-2 network by Coinbase. Base offers low gas fees, fast transactions, and is fully EVM-compatible. The smart contract address is 0xb2275E4aA2724D875a1a00206b40dD0fF188DEd5 (permanent proxy address, verified on BaseScan).
Buy ETH or BTC in Sharia-compliant installments - live on Base Mainnet.
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