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
QYOU Media Inc. is a Canada-based media company. The Company is specialized in networks, original shows and influencer marketing. It operates in India and the United States. It produces and distributes content created by social media stars and digital content creators. In India, via the Company’s flagship brand, the Q and Q Marathi channel, it curates, produces and distributes content, including television networks and video on demand for cable and satellite television, over-the-top, mobile and smart television-based platforms. Its India-based influencer marketing division, Chtrbox, is an influencer marketing platform connecting brands and social media influencers. In the United States, it creates and manages influencer marketing campaigns for various film studios, game publishers and brands. Its subsidiaries include QYOU Media Inc., QYOU Productions Inc., QYOU Limited, QYOUTV International Limited, QYOU USA Inc., QYOU Media India Private Ltd. and Chatterbox Technologies Private Ltd.
QYOU - QYOU Media Inc
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