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
Cyngn Inc. is an autonomous vehicle (AV) technology company that is focused on addressing industrial uses for autonomous vehicles. It develops autonomous driving software that can be deployed on multiple vehicle types in various environments. It is engaged in Enterprise Autonomy Suite (EAS) that controls advanced in-vehicle autonomous driving technology and incorporates supporting technologies like data analytics, asset tracking, fleet management, cloud, and connectivity. EAS is a suite of technologies and tools that is divided into three categories: DriveMod, Cyngn Insight and Cyngn Evolve. It has built DriveMod as a modular software product that is compatible with various sensor and computer hardware components that are used throughout the autonomous vehicle industry. Cyngn Insight is the customer-facing tool suite for managing AV fleets and aggregating data to extract business insights. Cyngn Evolve is an internal tool suite that underpins the relationship between AVs and data.
CYN - CYNGN Inc
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