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
AirIQ Inc. is a Canada-based Internet of things (IoT) based asset management solutions company. The Company’s principal business is to develop and operate a telematics asset management system using specialized software, digitized mapping, wireless communications, the Internet, and the global positioning system (GPS). The Company develops iPhone Operating System (iOS) and Android mobile and Web-based applications, and cloud-based solutions that stand-alone or that can be readily integrated with existing software. The Company’s solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety, and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery powered solution for non-powered assets. Its solutions include battery powered solutions, fleet maintenance, fleet compliance, fleet analytics, and fleet safety. Its AirIQ Fleet provides the tools to protect and extend the lifespan of assets.
IQ - AirIQ Inc
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