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
Jasper Commerce Inc. is a Canada-based company, which provides software-as-a-service (SaaS) product information management (PIM) solution. The Company provides its solutions to eCommerce retailers, wholesalers, or distributors to centralize, organize and merchandise their products from a single central repository. The eCommerce retailers import product data into the PIM. The eCommerce retailers can add various product data including product attributes, images, videos, marketing information, inventory quantities and price books and merchandise their products using features that include, product categorization, pricing data and other key metrics. The Company’s PIM solution also allows for automatic syncing to eCommerce storefronts, marketplaces, or other connected channels, when new products are added to the PIM. The Company also helps merchants through professional services to assist them with the setup, management, and optimization of their PIM.
JPIM - Jasper Commerce Inc
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