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
Quartix Technologies plc is a supplier of subscription-based vehicle tracking systems, analytical software, and services. It is engaged in the design, development, marketing, and delivery of vehicle telematics services. It provides an integrated tracking and telematics data analysis solution for fleets of commercial vehicles and motor insurance providers that is designed to enhance productivity by capturing, analyzing, and reporting vehicle and driver data. Its solutions include Live Vehicle Tracking, Driver Timesheets, Driving Style, Fleet Management Tools, Geofencing Alerts, IFTA Mileage Reporting, Tracking Device Options, and Fleet Tracking. Its analytical software offerings include Evolve, which uses fleet analytics to assess migration opportunities to all-electric vehicle fleets and Quartix Check, which is a walk-around vehicle condition monitoring tool. Its geographical markets include the United Kingdom, France, New European Territories, and the United States of America.
QTX - Quartix Technologies PLC
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