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
Future First Technologies Ltd is an Australia-based company engaged in the investment and commercialization of digital platforms in growth markets. The Company operates through two segments: Asset Vision and EagleSoft. The Asset Vision segment comprises Asset Vision Pty Ltd, a cloud and mobile-based platform, which provides a unified approach to asset inspections, maintenance, and operations management in the global enterprise asset management software market. Asset Vision platform enables communication between asset owners and contractors. Asset Vision’s intelligent technology connects asset owners and contractors on one system, allowing them to work together. The EagleSoft segment comprises EagleSoft Pty Ltd, an Intelligent Data Capture Platform that automatically detects both road defects and asset inventory using artificial intelligence (AI) and machine learning (ML).
FFT - Future First Technologies Ltd
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