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
Deveron Corp. is an agriculture technology company. The Company uses data and insights to help farmers and agriculture enterprises increase yields, reduce costs and improve farm outcomes. It employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions. It provides a variety of analytical data and field services for the North American agricultural industry. It acquires and operates local farm advisors and soil laboratories, who then leverage the Company’s standardized data solutions and technology platforms to grow their businesses. It is a provider of carbon sequestration data, serving various agriculture companies with field and analytical support for their carbon programs. Its vertically integrated soil health and sampling service provides a support package for the carbon program. Additionally, it has a national network of data technicians that are deployed to collect various types of farm data.
FARM - Deveron Corp
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