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
Beforepay Group Limited is an Australia-based company that operates in the financial-services industry. The Company is engaged in providing finance to its customers by way of pay advances. The Company provides a platform for its customers with early access to a portion of their pay, on-demand, in exchange for a single fixed fee. Its Beforepay is an application that helps Australians access their pay on demand, track their spending habits and learn how to budget. The Company’s subsidiaries include Beforepay Finance Pty Ltd, Beforepay Ops Pty Limited, and Beforepay IP Pty Ltd.
B4P - Beforepay Group Ltd
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