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
MCX Technologies Corporation is a Web 3.0 innovation company. The Company is focused on powering technologies for the Metaverse and physical worlds. The Company, through its wholly owned subsidiary, The Collective Experience LLC, is engaged in delivering digital transformation solutions to customer-centric organizations through integrated marketing, data science, and commerce. The Company also provides professional and related consulting services, through The Collective Experience LLC, which includes strategy, pricing science, data science, digital transformation, customer experience management consulting, implementation, and go-to-market execution in support of these strategies. It is in the process of developing or acquiring new technologies to enable it to focus on developing and/or implementing Web 3 platforms or other technologies.
MCX - MCX Technologies Corp
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