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
Hapbee Technologies, Inc. is a Canada-based digital wellness technology company. The Company’s principal business activity is to commercialize wellness technologies and products through the sale of hardware, subscriptions, enterprise licenses and royalty agreements using electromagnetic signals that deliver one or more ultra-low radio frequency energy blends to produce sleep-, performance-, and mood-enhancing effects. The Company develops, markets, and sells subscriptions to wearable wellness platform and products that enhance the human experience through magnetic field technology. Its hardware product, the Hapbee Neckband and the Hapbee Smart Sleep Pad are devices that play or deliver magnetic signals, which digitally emulate the effects of compounds that would otherwise be ingested into the body. The effects fall under three broad categories including: sleep, performance, and mood. Hapbee devices are controlled through the Hapbee App with both iOS and Android smartphones.
HAPB - Hapbee Technologies Inc
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