As-Salāmu ʿAlaykum Mufti, I was wondering about the permissibility of Kinesis Money in 2024, they’ve introduced, for example, the yield system since the certificate you in 2019 (and maybe they have changed other aspects too so please give an updated review).
I’d also like to know, are there any alternatives to the traditional current accounts for UK residents in the sense that we won’t be lending money to ribā-based institutions?
Also I’ve looked into Glint Pay, but they have 0.02% Gold Storage and Insurance costs whilst Kinesis has 0%, hence would it be permissible to use Glint Pay knowing there are alternatives wherein I don’t have to pay for insurance, and if so, how? (Btw I do prefer Glint Pay except for the insurance fee.)
I’d also like to know the ruling on the KVT token and tokens another than the KAG & KAU.
JazākAllāhu Khayran.