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
OnMobile Global Limited is an India-based company that is engaged in providing mobile entertainment services. The Company is engaged in providing value added services such as Ringback Tones, Digital Content Store and Infotainment. Its geographical segments include India, Latin America and United States of America, Europe, Africa, and Rest of the World. Its Digital Content Store provides digital content like videos, games, music, and images. Its Infotainment offers music, contests, news, and sports to consumers over the mobile. Its ONMO gaming space blends streaming, social gaming, e-sports, and artificial intelligence into a mobile gaming offering. Its white label video streaming solutions offers sports and kids content/ videos. The Company’s Challenges Arena provides gamers with a platform to play, compete, and connect with friends through engaging quizzes and theme-based challenges. Its subsidiaries include OnMobile Singapore Pte. Ltd., OnMobile Europe BV, and OnMobile USA LLC.
ONMO - Onmobile Global Ltd
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