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
Adveritas Limited is an Australia-based technology company. The Company’s principal activities are providing measurement and analytics software solutions for businesses. Its segments include Technology and Sales and marketing. Its Technology segment is engaged in the development and maintenance of its software offerings. Its Sales and marketing segment is engaged in deploying the Company’s sales and marketing initiatives and also offering ongoing customer service. The Company offers TrafficGuard, which is its commercially available software-as-a-service (SaaS). TrafficGuard is a full funnel measurement, verification, and fraud prevention solution for digital advertising. TrafficGuard offers digital anti-fraud solutions on the Google Cloud Marketplace through its four products, namely Mobile App install verification, Google PPC verification, Affiliate Verification, and Social Verification.
AV1 - Adveritas Ltd
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