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
Pluribus Technologies Corp. is a Canada-based technology company. The Company is engaged in acquiring business-to-business (B2B) software companies in a range of verticals and industries. It operates four verticals, namely e-learning, e-commerce, healthtech, and digital enablement. It buys small software companies that have developed a niche in a vertical market servicing a base of customers with a B2B application. It helps entrepreneurs exit their businesses by providing them with a liquidity event. It provides sales and marketing resources, strategic partnerships and enabling technologies, including automation, self-service and artificial intelligence/machine learning to enable companies to grow into significant organizations in their respective markets. The Company’s Kesson Group provides Teach Away, a teacher recruitment and jobs platform; Skooli, an online tutoring platform that offers tutoring support to K-12 districts, and Klassroom, an alternative teacher licensure program.
PLRB - Pluribus Technologies Corp
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