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
INEO Tech Corp. is a Canada-based developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers. The Company, through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network. Its technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The Company’s cloud-based platform uses Internet of Things (IoT) and artificial intelligence (AI) technology to deliver customized digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location. The Company also deploys the INEO Welcoming Network technology through a software as a service (SaaS)-based solution to larger retail chains. Its segments include Loss Prevention, Fabrication, and Welcoming Systems. Its product line consists of INEO Welcoming Pedestal, INEO Welcoming Pedestal DUO, INEO Welcoming Player, INEO GATE, and INEO Welcoming Greater.
INEO - INEO Tech Corp
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