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
Oculus VisionTech Inc. is a development-stage technology company. The Company is focused on cyber security, data privacy and data protection solutions for Enterprise business customers. The Company’s Forget-Me-Yes, data privacy product is a Software-as-a-Service (SaaS) platform developed to specifically address the global Right-to-be-Forgotten (RtbF) and Right-of-Erase (RoE) data subject deletion request legal compliance components. Its software product ComplyScan, helps to automate and visualize cloud compliance reporting across accounts, regions and services based on a variety of user-definable and data driven metrics. Its Cloud Document Protection System (Cloud-DPS) technology leverages digital watermarking technology that offers a SaaS-based document management platform for tamper-proof document authentication and protection. It uses digital watermarking technology for streaming video content distribution based on embedded digital watermarking, as well as video-on-demand systems.
OVT - Oculus VisionTech Inc
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