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
Nynomic AG, formerly mut AG, is a Germany-based company engaged in the provision of photonics, optical technology and microelectronics solutions. It covers product conception, design, evaluation, development and market introduction, and operates through three segments: Clean Tech, Green Tech and Life Science. The Clean Tech segment offers sensors and measuring systems for industrial producers and system operates, such as bioplants; the Green Tech segment focuses on farming solutions, as well as the food and beverage industries, and offers solutions for harvest monitoring and animal feeding, and the Life Science segment focuses on medical technology, such as spectrometers, laboratory instruments and other analytical solutions.
M7UG - Nynomic AG
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