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
Moovly Media Inc. is a Canada-based technology company. The Company is engaged in the development of cloud-based digital media and content creation platform. It provides cloud-based tools to create marketing, communications and training videos and video presentations. Its products include Developer application programming interface (API), Mobile app, Moovly Studio, Video automator and Wordpress plugin. Its enterprise solutions include Moovly for enterprise, corporate video creation platform, employee generated videos, video automation, and API and customizations. The Company’s enterprise solutions are offered to automotive, business consulting, government, healthcare, news, real estate, and travel industry. It provides solutions for teams and organizations, for individual use, for education and for partners. The Company’s geographical segments include Canada and Belgium. Its wholly owned subsidiary is Moovly NV.
MVY - Moovly Media Inc
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