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
Fatfish Group Limited is an Australia-based Internet venture investment company. The Company is engaged in investing in early-stage startup businesses in the Internet and Information technology (IT) sectors. The Company operates through four segments: Incubator services, Digital currency mining, BNPL and Insurtech services, and All other operating segments. The Company invests in various sectors, such as fintech and consumer Internet technologies. The Company’s subsidiaries include Minerium Technology Limited, Fatfish Income Limited, Fatfish Capital Limited, Asean Fintech Group Limited, and Abelco Investment Group AB.
FFG - Fatfish Group Ltd
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