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
CE Brands Inc. is a Canada-based consumer electronics company. The Company designs, develops, and distributes smart consumer electronic products in partnership with manufacturers and brands. The Company offers ProductLoop, a proprietary artificial intelligence (AI) data mining software, created to predict consumer trends. It provides PerimeterSafe, a proprietary Internet of things (IoT) platform that helps connect brands with IoT products. Its product categories include Kodak Smarthome, Kodak Smart Baby Monitor, and Motorola Wearables. Its Kodak Smarthome product line Smart Video Baby Monitors, Smart Security Cameras, and Smart Air Purification. Its Smartwatches categories include Moto watch 100 and Moto 360. The Company’s eBuyNow eCommerce is a global network of sales and marketing subsidiaries that sell direct in 30 plus countries to consumers, retailers, and distributors. Its subsidiaries include eBN Holdings Ltd. and eBuyNow eCommerce B.V.
CEBI - CE Brands Inc
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