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
Innovana Thinklabs Limited is an India-based company that is engaged in the software and application development business, which provides services to create new applications and enhance the functionality of its users’ existing software products. The Company’s product portfolio consists of applications and software, such as Ad-blocker, Disk Cleanup, Space Reviver, File Opener, Privacy Protector and others. The Company provides software products for various platforms, such as Windows, Mac, extensions and blogs and portals. It also provides marketing services, such as digital marketing services, digital advertising, content marketing and search engine optimization. The Company’s wholly owned subsidiaries include Innovana Techlabs Limited, Innovana Fitness Labs Limited, Innovana Infrastructure Limited, Innovana Astro Services Limited and Innovana Games Studio Limited.
INTB - Innovana Thinklabs Ltd
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