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
AppTech Payments Corp. is a financial technology (fintech) company. The Company provides digital financial services for corporations, small and midsized enterprises (SMEs) and consumers through the Company’s scalable cloud-based platform architecture and infrastructure. The Company’s fintech platform, Commerse, houses a large array of financial products and services that can be implemented off-the-shelf or customized via a modern application programming interface (API). Commerse offers three primary products: Payments-as-a-Service (PaaS), Banking-as-a-Service (BaaS), and Commerce-as-a-Service (CXS). Commerse provides PaaS via integrated solutions for digital and mobile payment acceptance. These solutions provide advanced payment processing solutions for credit cards, automated clearing house (ACH), and gift/loyalty cards, by catering to the needs of each merchant. It also offers FinZeo, which provides advanced payment and banking technology to both large and small businesses.
APCX - AppTech Payments Corp
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