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
Neptune Digital Assets Corp. is a Canada-based blockchain company. The Company is engaged in the business that builds, owns, and operates digital currency infrastructure assets. It provides cryptocurrency and blockchain infrastructure with operations across the digital asset ecosystem, including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated blockchain technologies. The green Bitcoin mining is focused on using renewable energy, such as solar, hydro, and wind to power its Bitcoin mining operations. Its staking cryptocurrency is the process of validating transactions. The staking involves running software nodes or validators where Neptune is responsible for storing data, processing transactions, and adding new blocks to the blockchain. DeFi removes central controllers and brokers, which facilitates faster and cheaper transactions with no minimum transaction amounts, no paperwork, full transparency, and auditability.
NDA - Neptune Digital Assets Corp
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