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
KWESST Micro Systems Inc. is an early commercial-stage technology company. The Company develops and commercializes tactical systems for military, security, and personal defense markets. The Company’s market segments and solutions addressed by its solutions include non-lethal products with a range of applications in professional and personal defense, modernized digitization of tactical teams for shared real-time situational awareness in the military and civilian markets, and countermeasures against threats, such as drones, lasers and electronic detection for the military market. The Company’s products include A single-shot device, A five-shot device, a 12-gauge shotgun, a Replica pistol, AAR-style Single shot 37 millimeters (mm) launcher, Multi-round 37mm launcher, Ammunition, TASCS IFM, TASCS NORS, Battlefield Laser Defense System (BLDS), Phantom Electronic Warfare device and GhostNet Counter-Drone system.
KWE - Kwesst Micro Systems Inc
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