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
Ava Risk Group Limited is an Australia-based company, which provides technologies and services to protect assets and infrastructure. The Company is engaged in the provision of security technology products for perimeter intrusion detection solutions; the provision of security access control products; and the provision of international valuable logistics services (IVL). It operates through three segments: Detect, Access, and Illumination. The Detect segment manufactures and markets smart fiber optic sensing systems for security and condition monitoring for a range of applications including perimeters, pipelines, conveyors, power cables and data networks. The Access segment is specialized in the development, manufacture and supply of security biometric readers, security access control and electronic locking products. The Illumination segment is specialized in the development and manufacture of illuminators, automatic number plate recognition (ANPR) cameras and perimeter detectors.
AVA - Ava Risk Group Ltd
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