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
Aeeris Limited is an Australia-based company that is engaged in the geospatial data business. The Company’s Early Warning Network (EWN) platform and Spatial Analysis Risk Platform (SARP) technology system enable it to provide a range of services, including live data, content, alerts and notifications on natural and man-made hazards affecting its clients, and digital tracking, mapping and monitoring of assets and personnel. In addition, the Company’s Climatics platform identifies changes in event intensity and severity and season duration. The Company develops and provides systems, tools and mobile applications. The Company’s services include regional alerts, location alerts, custom observational alerts, custom forecast alerts, branded alerting, forecasting, GIS platform, worker zone management, embargo, application programming interface (API), geographic notification and information system (GNIS), climatics, hail services and flood monitoring.
AER - Aeeris Ltd
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