---
description: Prepared by Dr Farrukh Habib
---

# Full Terms & Conditions

**1. Introduction**&#x20;

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.&#x20;

**2. Nature of Relationship**&#x20;

* Your deposit constitutes a Shariah-compliant investment under an Islamic investment agency contract (Wakalah Bi Al Istithmar, WBI in short).&#x20;
* Qist acts as your Wakeel (Investment Agent) and will manage your funds according to the principles of Islamic finance and the approved investment mandate.&#x20;

**3. Dynamic Investment Terms**&#x20;

* Your investment term starts upon deposit and ends upon withdrawal.&#x20;
* There is no fixed lock-in period; you may withdraw funds at any time without penalty.&#x20;
* Profits are calculated and distributed in real time once earned and realized from the liquidity pools.&#x20;

**4. Investment Scope & Restrictions**&#x20;

* Funds will be deployed only into approved, Shariah-compliant stablecoins and decentralized liquidity pools (e.g., Orca, Raydium, Meteora, Kamino – liquidity section only).&#x20;
* We will not engage in interest-based, leveraged, or speculative investments.&#x20;
* We may adjust allocations dynamically using optimization strategies inspired by best practices (e.g., Lulo model).&#x20;

**5. Returns & Risk**&#x20;

* Your returns are derived from fee-based profits generated through real trading activity in liquidity pools.&#x20;
* Capital is not guaranteed, and you bear the risk of loss unless caused by our negligence or breach of mandate.&#x20;
* If you withdraw before profits are realized, you may not receive a return for that portion.&#x20;
* Returns may vary over time due to market performance.&#x20;

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

Your gross profit will be treated as follows:&#x20;

1. A portion is allocated to a Profit Equalization Reserve (PER).&#x20;
2. A Wakalah fee is deducted (as per our fee schedule).&#x20;
3. The remaining amount is distributed to you as net profit.&#x20;
4. If needed, PER may be used to supplement investor returns during low-profit periods.&#x20;

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

* The Wakalah fee may be fixed, percentage-based, or benchmark-linked, and is transparently disclosed.&#x20;
* A performance incentive may apply if actual profits exceed a defined threshold.&#x20;
* Fees and incentives will never convert into a guaranteed return.&#x20;

**8. Shariah Compliance**&#x20;

* Qist is structured in accordance with AAOIFI Shariah Standards, and reviewed, certified, and monitored by Dr. Farrukh Habib, our Shariah Advisor.&#x20;
* We only deploy funds into approved Shariah-compliant assets.&#x20;
* You may access our Shariah Guidelines and certification summaries for further transparency.&#x20;

**9. Third-Party Rewards**&#x20;

* From time to time, third-party promotional rewards (e.g., FDUSD from First Digital Labs) may be allocated to you.&#x20;
* These are conditional gifts, permissible under Shariah, and not guaranteed.&#x20;
* They will be disclosed transparently when applied.&#x20;
* These promotional rewards are dependent on the approval of our Shariah Advisor.&#x20;
* If any pool or reward incentive is not approved by our Shariah Advisor, then we will avoid it by putting our best efforts.&#x20;
* 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.&#x20;

**10. Withdrawals & Termination**&#x20;

* You may withdraw funds fully or partially at any time via the Qist platform.&#x20;
* We reserve the right to temporarily pause withdrawals due to technical upgrades or extreme market conditions, with prior notice where possible.&#x20;

**11. Reporting & Transparency**&#x20;

* You will have access to real-time dashboards or periodic statements that reflect:&#x20;
  * Investment performance,&#x20;
  * Profit distributions,&#x20;
  * PER balances,&#x20;
  * Fees deducted.&#x20;
* All records are auditable and maintained transparently.&#x20;

**12. Agreement & Consent**&#x20;

By checking the box and depositing funds, you confirm that you:&#x20;

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.
