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
Cluey Ltd is an Australia-based education technology company. The Company provides personalized online tutoring and educational support to school students in Australia. It supports the learning of students by bringing together educators, technology and learning data to offer students a range of targeted learning services. The Company, through its subsidiary Cluey Learning Pty Ltd, delivers a personalized, face-to-face online tutoring experience for students across mathematics, English and chemistry. It enrolls students into learning programs that align to the individual academic level, needs and school curriculum. The Company’s platforms, content and services are used by tutors to support students. It actively monitors all student learning and tuition quality, including measuring student coverage and mastery of the skills and concepts covered in their learning program. The Company, through its subsidiary, Codecamp Holdings Pty Ltd, offers coding and digital skills programs.
CLU - Cluey Ltd
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