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
Iveda Solutions, Inc. specializes in artificial intelligence (AI) and digital transformation technologies. The Company offers AI intelligent video search, smart utility, smart sensors, gateways and trackers, and Internet of Things (IoT) platforms. Its technology/products include IvedaAI, IvedaPinpoint, Sentir Video and Cerebro IoT Platform (Cerebro). IvedaAI consists of learning video analytics software running in a computer/server environment that can either be deployed at an edge level or a data center for a centralized cloud model. IvedaPinpoint centrally manages Bluetooth trackers and sensors and displays them on a map for exact location. Sentir Video is the Company’s video surveillance solution for all kinds of applications. Cerebro is a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems and devices throughout an environment. Its technology/products also include IvedaSPS, IvedaCare and Utilus.
IVDA - Iveda Solutions Inc
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