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
Givex Corporation is a Canada-based global fintech company. The Company has developed and commercialized a cloud-based, omnichannel technology platform. Its omnichannel platform provides merchants with the data insights and solutions in three areas: customer engagement, point of sale (POS), and payment. Its platform integrates gift and loyalty programs, point of sale (POS) systems, and flexible payment services to enterprise-level retail and hospitality merchants across the globe. The Company’s platform is used by brands in approximately 118,000 client locations across 100 countries. The Company’s products include Gift Cards, Loyalty Programs, POS, GivexGo Management Application (App), Mobile Application, Uptix Ticketing, Analytics, Ordering Kiosk and GivexPay. Its technology support a diverse range of hospitality and retail merchants in the Americas, Europe, Middle East, and Africa (EMEA) and the Association of Southeast Asian Nations (ASEAN) markets.
GIVX - Givex Corp
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