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
Mobi724 Global Solutions Inc. is an artificial intelligence (AI) powered fintech company. The Company provides a platform that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. Its focus is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences and generating incremental commercial opportunities for its clients. Its solutions portfolio includes Card-Linked and Artificial Intelligence solutions. Its solutions can be deployed on any digital payment method and network, with a third-party CRM, a rewards catalogue enabler, or a mobile app. It provides payment card issuers and networks with a secure and flexible integration process. It provides cardholder lifecycle management and payment card portfolio optimization capabilities through AI-enhanced, transaction-driven engagement solutions. It operates on behalf of payment card issuers and customers.
MOS - Mobi724 Global Solutions Inc
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