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
Darelle Online Solutions Inc. is a Canada-based company that provides an online raffle lottery system to charities. The Company’s online raffle program enables charitable and nonprofit organizations to create, sell, deliver, and manage their raffle ticket and 50/50 draws completely online. It focuses on making the delivery and management of online or hybrid raffles and 50-50 draws. Darelle Media Inc. (darelle) is its wholly owned subsidiary.
DAR - Darelle Online Solutions Inc
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