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
KORE Group Holdings, Inc. is a provider Internet of Things (IoT) services and solutions. The Company provides advanced connectivity services, location-based services, device solutions, managed and professional services used in the development and support of IoT solutions and applications. The Company’s IoT platform is delivered in partnership with mobile network operators and provides secure wireless connectivity to mobile and fixed devices. The Company’s products include IoT Connectivity as a Service (CaaS), Connectivity Enablement as a Service (CEaaS), IoT Device Management Services, IoT Security Location Based Services (LBS), KORE eSIM, ConnectivityPro, KORE One, SecurityPro (SaaS) platform and PositionLogic platform. The Company provides products and services to range of industries, including connected health, fleet management, asset monitoring, communication services and industrial IoT.
KORE - KORE Group Holdings Inc
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