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
C-COM Satellite Systems Inc. is a Canada-based company, which is a global provider of commercial grade mobile auto-deploying satellite antenna systems. It designs, develops, and manufactures transportable and mobile satellite-based antenna systems. The Company has developed auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling Broadband Internet via Satellite across a range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies. It has sold more than 10,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a range of vertical markets, such as oil and gas exploration, military communications, disaster management, SNG, emergency communications, cellular backhaul, telemedicine, mobile education, government services, mobile banking, and others. The Company’s brand is iNetVu.
CMI - C-Com Satellite Systems Inc
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