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
Gratifii Limited is a full-stack customer engagement technology provider. The Company delivers end-to-end technology solutions for businesses to engage with their customers. The principal activities of the Company include the delivery of loyalty and rewards services to mid- to top-tier brands. It offers mid-to-top tier brands. The Company offers loyalty solutions and reward content for businesses to engage with their customers. Its primary technology offering, Mosaic, is a configurable loyalty and rewards platform that businesses can implement to manage their loyalty programs. The Company also offers bespoke engagement programs, marketing services, and rewards content, such as entertainment, experiences, retail, theme parks and attractions, electronics, and gift cards. It operates in Australia, New Zealand, Singapore, South Africa, and the United Arab Emirates. It serves various sectors, including retail, hospitality, energy, technology, automotive, and financial services.
GTI - Gratifii Ltd
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