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
Newtopia Inc. is a Canada-based technology-enabled habit change company that delivers disease prevention solutions by leveraging genetic testing, social and behavioral science to help individuals prevent chronic disease and reduce costs for health insurers. As a provider of whole-person care, it prevents, reverses and slows the progression of chronic disease while enriching mental health, resilience and overall human performance. The Company’s programs leverage genetic, social, and behavioral insights to create individualized prevention programs with a focus on type two diabetes, heart disease, stroke, metabolic disease, mental health challenges, hypertension, weight management and musculoskeletal disorders. With a person-centered approach that combines virtual care, digital tools, connected devices and actionable data science, the Company delivers sustainable clinical and financial outcomes. Its personalized habit change platform focuses on physical and mental health risk reduction.
NEWU - Newtopia Inc
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