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
Phoenix Group PLC is a United Arab Emirates-based distributor of equipment manufacturer MicroBT and distributor of digital wallet ledgers and cool wallets across the middle east and Africa. The Company offers high performance computing machines trading and data center hosting. The Company develops, operates, manages specialized data centers, hosting high performance computer power for digital assets across the United Arab Emirates, Oman, United States of America, and Canada and also it hosts, operates, and maintains equipment within its existing data centers and enables investment opportunities within cloud mining. The Company operates approximately 30 subsidiaries, which include M/s Phoenix world Electronics Trading LLC, M/s Mega Phoenix Electronics Trading LLC, M/s PTC Clod Tech FZCO, and M/S Phoenix Ventures Limited, among others.
PHX - Phoenix Group PLC
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