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
NexOptic Technology Corp. is a Canada-based technology company. The Company is engaged in developing artificial intelligence (AI) and imaging products, which enhance how images are either captured, processed, experienced, transferred and/or stored. The Company’s primary focus is its AI for imaging called All Light Intelligent Imaging Solutions (Aliis). Aliis is a machine-learning AI suite providing instant enhancement to images and videos in the areas of edge processing, shutter speed, resolution and sharpness, image-noise and motion-blur, and image color and detail. Aliis processes raw images and video in real time, working pixel-by-pixel to characteristics, such as resolution, lighting, sharpness and contrast. Its DoubleTake technology features both wide-angle and telephoto cameras, allowing near-instant spotting and zooming capabilities. Its NexCompress, a video compression enhancement solution, offers bandwidth and storage savings for video storage and streaming applications.
NXO - Nexoptic Technology Corp
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