Why Review Your Savings Monthly?
In Islamic economics, monitoring your wealth is a trust and an act of worship. Monthly, ensure your savings are free from riba (usury) and gharar (excessive uncertainty), and that you truly own the assets. Traditional finance mixes halal with haram, but Qist guarantees every satoshi in your wallet complies with Sharia.
The Seller Owns the Asset: Protecting Your Savings
In Qist's system, you own the underlying asset you're saving in-be it a commodity or service. Ownership transfers instantly, preventing trading in debt or prohibited securities. Review monthly: Do you fully own your assets? Qist ensures this via smart contracts on Base.
No Riba or Gharar: Purity of Your Savings
Riba and gharar are forbidden in Islam. Your savings in Qist are completely free from interest-based returns and unknown risks. Every transaction is transparent and verified on BaseScan. Check your wallet: Is any return suspicious? Qist refunds surplus to you, so only real work yields profit.
3-Day Grace Period and Only 2% Fee
Qist considers your circumstances: if you're late on payment, you get a 3-day grace period without penalty. And the administrative fee is only 2%, far lower than any traditional system. This flexibility protects your savings from unexpected losses.
How Qist Implements This
Use the Qist app on Base: send USDC to the smart contract, which buys the asset for you. Each month, track your ownership on BaseScan. The contract is open-source and audited-no secrets. Always return to Qist to ensure your savings are halal and wholesome.
Discover Qist: qist.info
This content is for informational purposes only and not financial advice. Consult a Sharia scholar before investing.