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
MobilityOne Limited is a Malaysia-based investment holding company. The Company is engaged in the business of providing e-commerce infrastructure payment solutions and platforms through their technology solutions, which are marketed under the brands MoCS and ABOSSE. It operates through two segments: Telecommunication services and electronic commerce solutions, and Hardware. It has developed an end-to-end e-commerce solution which connects various service providers across several industries, such as banking, telecommunication and transportation through multiple distribution devices such as electronic data capture (EDC) terminals, short messaging services, Automated Teller Machine and Internet banking. Its product and services include value added payment, mobile payment application, payment solutions, enterprise solutions, messaging and communication and eMoney solutions. Its payment platform is developed on Microsoft technologies, which consists of OLTP Engine and Backoffice OSS.
MBO - MobilityOne Ltd
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