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
Olo Inc. is an open software as a service (SaaS) platform for restaurants. The Company’s platform powers restaurant brands on-demand digital commerce operations, enabling digital ordering, delivery, front-of-house management, and payments, while enhancing restaurants direct guest relationships. The Company provides restaurants with a business-to-business-to-guest, enterprise-grade, open SaaS platform to manage their complex digital businesses and enable fast and more personalized experiences for their guests. The Company’s platform and application programming interfaces (APIs), integrate with a range of solutions, unifying technologies across the restaurant ecosystem. The Company’s open SaaS platform provides digital order processing, in-restaurant order management, delivery enablement, digital channel management, guest engagement features, and a payment solution suitable for enterprise, multi-location brands regardless of service model, food type, and scale of operations.
OLO - Olo Inc
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