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
Frugl Group Limited is an Australia-based company, which is engaged in the development, marketing and customer support of its grocery comparison and data analytics products and services. It operates primarily in the development of the Frugl mobile application. The Company is a retail intelligence ecosystem that acquires publicly available grocery data, organizes it, enriches it, and utilizes it to power two independent retail platforms: Frugl Grocery and InFocus Analytics. The Company gathers product and pricing data from a range of retailers before further organizing and enriching it via automated processing and advanced machine learning techniques. The data is then made available to shoppers via the Frugl Grocery mobile comparison and wellness app. The combined product, pricing and shopper data is then collated for use by the Company’s InFocus Analytics retail intelligence platform for commercial use by retailers, suppliers, and other associated businesses.
FGL - Frugl Group Ltd
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