Transaction flow

The end-to-end transaction flow of Qist can be summarized in the following sequential steps:

1. Investors deposit funds into the investment pool (smart contract) under WBI (Wakalah Bi Al Istithmar (Investment Agency) agreement).

2. The deposited funds are converted into approved halal stablecoins (e.g., USDC, USDT, PYUSD, FDUSD, EURC, USDG), depending on the liquidity requirements and strategic allocation targets.

3. Qist, acting as the Wakeel (investment agent), allocates the stablecoins into selected halal liquidity pools across decentralized exchanges (DEXs) such as Orca, Raydium, Meteora, Kamino (liquidity section only), and other Shariah approved pools.

4. By providing liquidity to these pools, Qist earns fee-based profits (gross profit) through the DEXs' native market-making mechanisms.

5. The gross profit generated is then processed in the following structured manner: [edit: Qist currently takes no fees]

• A predefined percentage or fixed portion of the gross profit is allocated to the Profit Equalization Reserve (PER).

• Qist deducts its management fee (Wakalah fee), which may be fixed or profit or performance-based, in accordance with the WBI contract.

• The remaining profit (net of PER allocation and Wakalah fee) is then distributed to the investors as their halal return on investment.

1. In case the actual profit for any given period is lower than market expectations, Qist may choose to partially or fully utilize the PER to enhance the investor payout.