Full Terms & Conditions

Prepared by Dr Farrukh Habib

1. Introduction

By ticking the checkbox and proceeding with the deposit, you (the “Investor”) agree to enter into a Wakalah Bi Al Istithmar (Investment Agency) agreement with Qist (“Platform”, “we”, or “us”) for the purpose of investing in halal digital assets and liquidity pools through the Qist product.

2. Nature of Relationship

• Your deposit constitutes a Shariah-compliant investment under an Islamic investment agency contract (Wakalah Bi Al Istithmar, WBI in short).

• Qist acts as your Wakeel (Investment Agent) and will manage your funds according to the principles of Islamic finance and the approved investment mandate.

3. Dynamic Investment Terms

• Your investment term starts upon deposit and ends upon withdrawal.

• There is no fixed lock-in period; you may withdraw funds at any time without penalty.

• Profits are calculated and distributed in real time once earned and realized from the liquidity pools.

4. Investment Scope & Restrictions

• Funds will be deployed only into approved, Shariah-compliant stablecoins and decentralized liquidity pools (e.g., Orca, Raydium, Meteora, Kamino – liquidity section only).

• We will not engage in interest-based, leveraged, or speculative investments.

• We may adjust allocations dynamically using optimization strategies inspired by best practices (e.g., Lulo model).

5. Returns & Risk

• Your returns are derived from fee-based profits generated through real trading activity in liquidity pools.

• Capital is not guaranteed, and you bear the risk of loss unless caused by our negligence or breach of mandate.

• If you withdraw before profits are realized, you may not receive a return for that portion.

• Returns may vary over time due to market performance.

6. Profit Distribution (edit: Qist currently takes no fees)

Your gross profit will be treated as follows:

1. A portion is allocated to a Profit Equalization Reserve (PER).

2. A Wakalah fee is deducted (as per our fee schedule).

3. The remaining amount is distributed to you as net profit.

4. If needed, PER may be used to supplement investor returns during low-profit periods.

7. Fees & Incentives (edit: Qist currently takes no fees)

• The Wakalah fee may be fixed, percentage-based, or benchmark-linked, and is transparently disclosed.

• A performance incentive may apply if actual profits exceed a defined threshold.

• Fees and incentives will never convert into a guaranteed return.

8. Shariah Compliance

• Qist is structured in accordance with AAOIFI Shariah Standards, and reviewed, certified, and monitored by Dr. Farrukh Habib, our Shariah Advisor.

• We only deploy funds into approved Shariah-compliant assets.

• You may access our Shariah Guidelines and certification summaries for further transparency.

9. Third-Party Rewards

• From time to time, third-party promotional rewards (e.g., FDUSD from First Digital Labs) may be allocated to you.

• These are conditional gifts, permissible under Shariah, and not guaranteed.

• They will be disclosed transparently when applied.

• These promotional rewards are dependent on the approval of our Shariah Advisor.

• If any pool or reward incentive is not approved by our Shariah Advisor, then we will avoid it by putting our best efforts.

• If in case, such Shariah non-compliant rewards or incentives are collected mistakenly, then those rewards will be channeled to charity under the supervision of our Shariah Advisor.

10. Withdrawals & Termination

• You may withdraw funds fully or partially at any time via the Qist platform.

• We reserve the right to temporarily pause withdrawals due to technical upgrades or extreme market conditions, with prior notice where possible.

11. Reporting & Transparency

• You will have access to real-time dashboards or periodic statements that reflect:

  • Investment performance,

  • Profit distributions,

  • PER balances,

  • Fees deducted.

• All records are auditable and maintained transparently.

12. Agreement & Consent

By checking the box and depositing funds, you confirm that you:

Have read, understood, and accepted these Terms & Conditions. Understand that this is a Shariah-compliant investment agency contract, not a deposit or savings account. Accept that returns are based on actual performance and are not guaranteed. Agree to the application of PER, Wakalah fees, and the approved investment scope.