4 Halal Financial Tools for Every Expat

Murabaha: Cost-Plus Financing Without Interest

Murabaha is a credit sale where the bank buys an asset and sells it to you at a marked-up price, paid in installments. Example: You need a car? The bank buys it for $18,000 and sells it to you for $20,000 over 3 years - no interest, no uncertainty. The asset is yours after full payment. Qist implements this via smart contracts with full transparency.

Mudarabah: Profit-Sharing Investment

Mudarabah is a partnership between capital provider (Rab-ul-Maal) and entrepreneur (Mudarib) who share profits as agreed. Example: You invest $10,000, the investor trades, and profits split 50-50. Losses are borne solely by the capital provider unless negligence. Qist offers decentralized Mudarabah contracts on Base, auditable and fair.

Diminishing Musharakah: Gradual Ownership Without Riba

Diminishing Musharakah is a co-ownership where you gradually buy out the financier's share. Example: Buying a $100,000 home: you pay 20%, rent is shared based on ownership ratio. Over 5 years, you own it fully. No interest, no gambling. Qist enables this via USDC and smart contracts.

Salam: Forward Sale With Guaranteed Price

Salam is a forward contract where the buyer pays in full upfront for a commodity to be delivered later. Useful for remittances: you buy wheat now at a fixed price, receive it at harvest. Avoids gharar and locks price. Qist facilitates Salam using USDC and immutable smart contracts.

How Qist Implements These

Qist is a decentralized Islamic finance platform on Base. It offers open-source smart contracts for Murabaha, Mudarabah, Diminishing Musharakah, and Salam. All transactions in USDC, zero interest/gharar, 2% fee, 3-day grace period. Contracts verified on BaseScan, surplus refunded. Example: Car financing via Murabaha with asset collateral. Discover Qist today.