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
Prodigy Ventures Inc. (Prodigy) is a Canada-based company. The Company provides edge platforms, including IDVerifact for digital identity and tunl. for open banking and customer chat support. Its tunl. chat is an easy to implement AI-powered chat solution that automates customer service experience, which is built on no-code platform developed for non-technical users. The Company offers its products to financial institutions of all sizes. The Company operates in two principal geographic areas, which include Canada and the United States.
PGV - Prodigy Ventures Inc
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