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
DUG Technology Ltd is an Australia-based technology company. It specializes in analytical software development and high-performance computing (HPC). The Company designs, owns, and operates a network of the greenest supercomputers. It operates in three segments: HPCaaS, Services, and Software. The HPCaaS segment allows clients to connect to the Company’s HPC and storage in a complete HPC environment. It also provides software and algorithm support and development. The Services segment provides clients with two types of services, such as data loading, quality control and management, and scientific data analysis. The Software segment, has two main products, including DUG Insight, which is a modern, intuitive and interactive software package for scientific processing and visualizations, and DUG Cluster Software, which is a high-end algorithm for the processing of scientific data on large HPC installations. It provides geoscience services, such as seismic processing and petrophysics.
DUG - DUG Technology Ltd
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