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
Blockmate Ventures Inc., through its wholly owned subsidiaries, Blockchain World Ltd (BWL), Midpoint & Transfer Ltd and Midpoint Hong Kong Limited (Midpoint) operates in the United Kingdom and Hong Kong. BWL owns the domain names Blockchain.eu (Europe), Blockchain.com.au (Australia), and Hivello.com. Midpoint is a Web-based enterprise that matches buyers and sellers of foreign currency and transfers the funds to their desired location through an intermediary third-party payment provider. Midpoint business offers about 32 currencies. Midpoint’s platform provides a full treasury system with multi-currency e-wallets, mass pay-out functionality, multiple users for both personal and business accounts, improved beneficiary management, multiple beneficiary payments from a single FX conversion, multiple FX conversions consolidated into a single currency beneficiary payment, integration with Xero cloud accounting software, and a real-time fees and indicative rates calculator.
MATE - Blockmate Ventures Inc
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