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
Niiio Finance Group AG is a Germany-based holding company engaged in financial technology (fintech). The Company’s activities include the development and distribution of software solutions, the operation of Internet platforms, the brokerage of third-party services and other services for third parties. Through its subsidiary niiio IT-Services GmbH, the Company offers solutions to banks and financial service providers under software as a service (SaaS) or licensed white label models. The Company’s product portfolio comprises portfolio management systems, robotic advisory tools and application program interface (API) banking tools, among others. It also develops a blockchain software solution. For all of its products, the Company offers support and maintenance, as well as training for its customers.
NIIGn - Niiio Finance Group AG
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.