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
i-nexus Global plc is a United Kingdom-based company, which provides cloud strategy execution software to brands aspiring to excel at strategy execution. The Company’s enterprise-grade platform is deployed within multiple global blue-chip businesses, predominantly based across the United States and Europe. i-nexus strategy software helps to integrate the technology that matters into i-nexus, cutting admin down to size. i-nexus strategy software simplifies how organizations achieve their goals with tools, such as the x-matrix, bowling chart and kanbans. The Company’s subsidiary, i-solutions Global Limited, is engaged in the development and sale of enterprise cloud-based software on a software-as-service (SaaS) basis and professional consultancy services.
INX - i-nexus Global PLC
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