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
LQwD FinTech Corp. is a Canada-based technology company. The Company is focused on developing various Web-based platforms, solutions and applications. The Company is a lightning network service provider (LSP) engaged in developing payment infrastructure and solutions. It provides institutional-grade services that support the lightning network and scaling Bitcoin. It also holds Bitcoin, which is used as an operating asset establishing nodes and payment channels on the Lightning Network. The Company’s wholly owned subsidiaries include Coronado Resources USA LLC, LQwD Financial Corp., Skyrun Technology Corp., 0980862 B.C. Ltd., 0997680 B.C. Ltd. and 0997684 B.C. Ltd.
LQWD - LQwD FinTech Corp
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