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
FTI Foodtech International Inc. is a Canada-based company. The primary business of the Company is the resale of liquidation merchandise. The Company offers its solutions in industries, such as the surplus goods (liquidation goods) industry, the barter industry, the food industry, and personal protective equipment (PPE) Brand Store. The Company offers a variety of products, including disposable and fabric face masks, face shields, gloves, hand sanitizer and thermometers for health and food safety measures. The Company offers products through online orders.
FTI - FTI Foodtech International Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.