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
Mind Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. The Company offers marine technology products to marine survey, marine exploration, and maritime defense markets. The Company provides technology products such as exploration, survey, and defense products. The Company operates through one segment: Seamap Marine Products. Seamap Marine Products business is engaged in the design, manufacture and sale of specialized marine seismic equipment. Its manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia and the state of Texas. Seamap Marine Products include Seamap SeaLink, Seamap GunLink, Seamap BuoyLink, source products, Misc. Seismic Products, and Seamap Ampair UW100. The Company has a global presence with operating locations in the United States, Singapore, Malaysia, and the United Kingdom. It also offers the Sea Serpent passive array system for maritime defense and security.
MIND - Mind Technology Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.