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
Katipult Technology Corp. is a Canada-based provider of software infrastructure for powering the exchange of capital in equity and debt markets. The Company’s cloud-based platform and solutions digitize investment workflow by eliminating transaction redundancy, strengthening compliance, delighting investors, and accelerating deal flow. The main business of the Company is to operate as a financial technology provider offering cloud-based software that allows firms to design, set up and operate an investment platform (the Platform). The Platform enables firms to offer debt and real-estate financing, as well as securities on a prospectus-exempt basis, to various types of investors. The Platform automates many components of investor and investment management. The Platform includes modules for various user types, including but not limited to investors, issuers, administrators, and auditors. Its DealFlow Core provides investment dealers with the platform to manage new issue financing.
FUND - Katipult Technology Corp
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