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
InsuraGuest Technologies Inc. is a software-as-a-service (SaaS) company. The Company utilizes insurance and technology software (insurtech) to embed its short-term rental and event-based insurance products to the vacation rental, hotels, sports, and ticketed events sectors. Its proprietary software platform delivers digital insurance packages directly to its members on a business-to-business basis. Additionally, its platform is designed to expand its offerings to the business-to-consumer markets. The Company also provides insurance agents and brokers with the ability to sign up instantly online through its automatized agency/broker software platform. The hotel’s solution provides no-fault accidental medical protection, hotel property and contents protection, and hotel theft protection. The sports solution provides medical injury insurance for sports and activities. Its subsidiaries include ISG Sports, LLC, and InsuraGuest Inc.
ISGI - InsuraGuest Technologies Inc
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