Closing

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Note on Purification and Zakat

  • 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

Highmark Interactive Inc. is a Canada-based company that specializes in digital health technologies. The Company provides solutions to manage brain performance and mental wellness. Highmark Interactive provides a complete solution for brain health through its digital brain health assessment tools and its network of virtual, in-clinic and hybrid clinics. Its digital brain assessment tool, EQ Brain Performance Platform, is used by individuals to track their brain performance and mental wellness and get suggestions for care if a problem is detected. It also provides its platform for companies, health care settings and sports organizations, whose clients can complete their assessments privately using the EQ Brain Performance Application downloaded to their personal mobile devices. The results are than sent to the organizations EQ Brain Performance Dashboard to provide data. Users are also provided with resources or suggestions for care if a problem is detected.