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
MediaValet Inc. is a Canada-based provider of enterprise digital asset management and operations software. The Company develops and markets cloud-native, software-as-a-service (SaaS) solutions to address enterprise digital asset management (DAM), video content management and creative operations use-cases (Enterprise DAM). Its Enterprise DAM Platform is designed to enable end users to create, find, work with, manage and share digital assets whenever and wherever they are needed. In addition to providing enterprise cloud-native DAM capabilities at a global scale, desktop-to-server-to-cloud support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, it offers integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress and many other third-party applications. It develops and delivers enterprise cloud software to a range of industries, including manufacturing, healthcare, technology, and others.
MVP - MediaValet Inc
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