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
Kidoz Inc. is a mobile advertising technology (AdTech) developer and owner of Kidoz Contextual Ad Network (www.kidoz.net) and the Kidoz Publisher software development kit (SDK). The Company owns the children’s online privacy protection rule and general data protection regulation compliant contextual mobile advertising network that reaches kids, teens and families every month. The Company provides an essential suite of AdTech that unites brands, content publishers and families, which are Google certified and Apple approved. It develops solutions for app developers to monetize with safe, relevant and fun ads. Its Kidoz Contextual Ad Network helps the brands to reach and engage kids across mobile apps, websites and video channels. Its Prado (www.prado.co) technology provides a mobile supply-side platform, demand-side platform and Ad Exchange programmatically to the entire Ad Tech universe. Its products in digital advertising ecosystem include Kidoz SDK and Kidoz Programmatic network.
KIDZ - Kidoz Inc
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