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
Constellation Technologies Limited is an Australia-based Internet of things (IoT) and digital solutions company. It specializes in IoT product development, product management for industry and government applications. It designs, engineers, builds, and integrates systems, combining comprehensive software expertise with custom hardware development and production to drive deep-value from data enabling continued digitization of industry, companies, and communities. Its Gen3 IoT product line offers IoT devices that can capture critical data points across a range of applications, providing its customers with reliable and flexible solutions that support multiple communication networks and sensor customization. Its MeridianCT cloud-based software platform and mobile application, enables users to have an end-to-end IoT data solution to connect, monitor and visualize their data. It also offers the build of customized and integrated IoT applications to meet any customer requirements.
CT1 - Constellation Technologies Ltd
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