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
Audio Pixels Holdings Limited is an Australia-based company that is focused on the refinement of the fabrication processes required to produce a commercial version of the Company’s micro-electromechanical structures (MEMS) based digital loudspeaker. The Company invests in Audio Pixels Limited of Israel. The Company, through its subsidiary, Audio Pixels Limited, is engaged in the development of digital speakers. It operates through the digital speakers segment. Its geographical segments include Australia and Israel. The Company’s patented technologies employ entirely new techniques to generate sound waves directly from a digital audio stream using MEMS. The Company’s MEMS-based Digital Sound Reconstruction platform enables the market for audio speakers to follow the evolution of the video display market from large, heavy analog tube-based monitors to digital flat panel displays.
AKP - Audio Pixels Holdings Ltd
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