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
Sparx Technology Inc. is a Canada-based interactive media technology company whose principal activities are providing media companies and sports teams with technologies to engage audiences. The Company is engaged in the development and distribution of their real-time platform that helps their clients engage their viewers and connect them to live content. Its users can connect to the Sparx platform and interact simultaneously on their mobile phone, tablet or computer in real time. The Company’s products include broadcast and app integration, video on demand, and Sparx Studio. Its broadcast and app integration product helps news, sports and entertainment brands incorporate interaction into their programming through a second screen. Its video on demand product provides scheduling on streaming platforms and creates gamification for audiences. Its Sparx Studio platform helps to improve content engagement across virtual events of all kinds, including corporate and educational settings.
SPRX - Sparx Technology Inc
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