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
Quisitive Technology Solutions, Inc. is a Canada-based Microsoft partner that harnesses Microsoft cloud platforms and technologies, including custom solutions and first-party offerings. The Company operates in two segments: Cloud Solutions and Payment Solutions. The cloud solutions segment is a full-service digital technology consulting firm, which acquires and integrates companies as a provider of Microsoft professional services in North America. The Cloud Solutions business focuses on helping enterprises move to, operate within the three Microsoft clouds, such as Azure, M365 and Dynamics 365. The Payment Solutions segment has a portfolio of merchant accounts on, which it provides processing solutions, payment processing equipment and software corresponding to each card solution, with complimentary support services designed to meet each new and existing merchant’s specific needs and online age verification software offered through the Company’s AgeChecker.Net platform.
QUIS - Quisitive Technology Solutions Inc
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