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
Jiayin Group Inc is a China-based company engaged in providing a fintech platform to facilitate connections between underserved individual borrowers and financial institutions funding partners. The Company’s businesses include loan facilitation services, post-origination services and other businesses. The loan facilitation services included services provided for the facilitation of loan transactions between borrowers and institutional funding partners. The other businesses included provision of referral services for investment products, guarantee services and so on.
JFIN - Jiayin Group Inc
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