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
Cybercatch Global Inc., formerly CyberCatch Holdings, Inc., is a Canada-based cybersecurity company. The Company provides an artificial intelligence (AI)-enabled software as a service platform solution for continuous compliance, security and cyber risk mitigation in the United States and Canada. Its platform solution first helps a business implement a baseline of cybersecurity controls in accordance with a regulation, standard or framework, then automatically and continuously tests the controls to identify control deficiencies and non-compliance with cybersecurity requirements for the business to remediate the control deficiency, regain compliance with cybersecurity requirements and avoid security weaknesses.
CYBE - Cybercatch Global Inc
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