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
ActivePort Group Ltd is an Australia-based company, which is delivering software-defined networking (SDN) solutions, tailored to the global telecommunications and information technology (IT) sectors. Its primary assets are its network orchestration software and its information systems managed services business. Its product suite enables network automation, minimizing operational costs while optimizing customer control over its environment. Its ActivePort software is used to orchestrate network connectivity from the virtual edge of the network at a customer’s premises to data and cloud services. The Company’s software lets customers manage all their cloud hosting and networking technology end-to-end, from one single screen. Through the Company’s software, customers can create network connections, deliver cloud services, and manage their data at a local, national, or global scale. It also delivers information technology-managed services to enterprise customers.
ATV - ActivePort Group Ltd
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