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
Mission Ready Solutions Inc. specializes in providing government contracting solutions through its wholly owned subsidiary, Unifire, Inc. (Unifire) Unifire is a small business and an industry manufacturer and distributor fire, military, emergency, and law enforcement products. The Company’s segments include defense, security, and first-responder markets: consulting and manufacturer representation. It manufactures and distributes of defense tactical solutions. It also provides relationship management, product development, acquisition and contracting expertise and sales and marketing support to manufacturers selling to the United States Federal Government. It serves both North American and international customers through its operations throughout Canada and the United States. Its wholly owned subsidiaries include Mission Ready Holdings Ltd., Mission Ready Holdings USA Inc., 10-20 Services Inc. Protect The Force, Inc., No-Contact LLC, PTF Manufacturing Inc. and Unifire, Inc.
MRS - Mission Ready Solutions Inc
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