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
NowVertical Group Inc. is a vertical intelligence (VI) software and solutions company. The Company delivers vertically-specific data, technology, and artificial intelligence (AI) applications into private and public verticals globally. The Company services small, medium and large organizations to conduct vertically intelligent (VI) transformations through industry-specific software and services. The Company’s segments include Technology and Solutions. Its products include NOW Fusion, NOW DataBench, NOW Privacy and NOW Affinio for Snowflake. NOW Fusion transforms data into a standards-based, extensible format and incorporates data cleansing and validation procedures. NOW DataBench is a data science platform developed to level the analytic playing field and help users with a complete set of tools. NOW Affinio unlocks meaningful patterns and relationships across social data, allowing users to understand and visualize audiences through their shared interests and affinities.
NOW - NowVertical Group Inc
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