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
Connexion Telematics Ltd is an Australia-based developer and owner of software as a service (SaaS) solutions for the global automotive industry. The principal activities of the Company include development and commercialization of its fleet and rental management software. The Company’s lead platforms are OnTRAC and Connexion platforms. OnTRAC is used by General Motors (GM) to manage the courtesy transportation program (CTP) in the United States, and the Connexion Platform is designed with original equipment manufacturer (OEM) agnostic functionality. The Company provides a range of solutions, such as a fleet management system for any dealership, online rental agreements, and toll management. Its fleet management system for any dealership includes automatic recall alerts, test drives, shuttles, pickup / delivery, and concierge service. Its online rental agreements include contactless agreements with electronic signature (e-signature) and quick check-in and check-out.
CXZ - Connexion Telematics Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.