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
Felix Group Holdings Ltd is an Australia-based company that is engaged in the development and operation of a cloud-based enterprise software as a service (SaaS) and vendor marketplace platform, Felix. Felix is an online construction marketplace for people to list, find and hire equipment and subcontractors around Australia on any device. Its solution includes vendor management, procurement schedule, sourcing, contracts, and implementation and support. The Company’s Felix platform assists organizations to connect contractors and their third-party vendors to discover, manage and engage with each other in the construction and related industries. The Felix platform automates and streamlines a range of procurement-focused business processes. Felix is used by construction, mining, government, utility, public infrastructure and property companies to manage their supply chains.
FLX - Felix Group Holdings Ltd
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