salam sheikh adam
im want to ask u about somthing in this company cos u are who give them the shariah complaint certification they have a yield program i dont understand exactly how its work but i will leave a link for u to check it and please let me know if they are still shariah compliant and i can buy silver and gold from them
update : after checking again i see its a fee sharing yields is that acceptable or no?
link : https://kinesis.money/resources/Kinesis_Yields_Infographics.pdf
link 2 : https://kinesis.money/yields/
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salam
no one here? anyone please can help?
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@Mufti_Faraz_Adam As-Salāmu ʿAlaykum Mufti, I was also wondering the same question regarding Kinesis Money and it’s yield system, since the certificate you gave was in 2019 before they introduced this system (and maybe they have changed other aspects too so please give an updated review).
I’d also like to know what is the best Sharia-compliant debit card or replacement bank account for UK residents? Also I’ve looked into Glint Pay only so far, 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 Insurance, and if so, how? (Btw I do prefer Glint Pay except for the insurance fee.)
JazākAllāhu Khayran.
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@Mufti_Faraz_Adam @Mufti_Billal I’d also like to know the ruling on the KVT token and tokens another than the KAG & KAU
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