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
MineHub Technologies Inc. provides enterprise-grade digital solutions that connect buyers, sellers and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is usable, shareable, verifiable and unforgeable. The Company’s principal business is the development and operation of a technology platform for digital trade for the global mining and metals supply chain and related enterprise solutions. Its platform provides trade management, inventory management, ESG and compliance, emissions, trade finance, and assay exchange. The Company’s solutions are used by global enterprises already as part of their logistics, compliance, trade management and financing operations.
MHUB - Minehub Technologies Inc
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