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
iSIGN Media Solutions Inc. is a Canada-based infrastructure-focused, software as a service (SaaS) company. The Company is engaged in providing proximity-centric location services. It specializes in the areas of location-based security alert messaging and proximity marketing utilizing Bluetooth and Wi-Fi connectivity in complete privacy. The Company’s licensed PHACT technology, an intelligent smart space analytics platform utilizes publicly available anonymous interactions between mobile devices to determine occupancy levels and movements of individuals. The PHACT technology is housed in hardware units called Hybrid Analytics Location Observation (HALO) a software platform and listening device that provides a suite of functions specifically designed to maximize safety and security within a managed environment, such as a school, hospital, sopping plaza or concert venue; and Hybrid Analytics Location Observation with object recognition (HALOfx).
ISD - iSIGN Media Solutions Inc
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