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
Aumake Limited is the operator of an Australia-based social e-commerce marketplace that connects Asian influencers and consumers with Australian and New Zealand brands. The Company is engaged in the sale of Australian and New Zealand products via its social e-commerce marketplace platform. Its services include e-commerce platform, marketing, live streaming, brand experience stores, customer service, warehousing, and freight and logistics. It offers an omnichannel solution for business merchants to Asian audiences. This includes e-commerce via its Website, mini-apps, live streaming, and social media options to suit individual country preferences. Its marketing services include brand strategy development, omnichannel marketing campaign creation, live streaming, content creation, and content management. Its live streaming creates opportunities for business owners to connect with their customers from around the world, create instant buying opportunities, and develop brand connections.
AUK - Aumake Ltd
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