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1D
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Note on Purification and Zakat
- Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
- If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
- For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
GlobalBlock Digital Asset Trading Limited is a holding company. The Company, through its subsidiary, GlobalBlock Europe, UAB, is a digital asset broker that provides a personalized telephone brokerage service, trading platform and mobile app. Its clients trade in approximately 80 cryptocurrencies via phone, app, or online. The GlobalBlock dealers are available to take trades over the phone or via secure messenger, powered by Qwil. It buys and sells a broad range of Altcoins across its phone service, app, and online platform. The Company empowers businesses to promote their goods and services to cryptocurrency users. Its GB10 is a diversified portfolio of the top 10 cryptocurrencies weighted by market capital and rebalanced every month. The GB10 allows instant investment into a diversified portfolio of the top 10 cryptocurrencies. Its introducing broker program rewards individuals and businesses who refer new customers to GlobalBlock.
