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
Pool Safe Inc. is a Canada-based company that manufactures and sells a product known as the Loungenie. Loungenie functions as a multi-purpose safe and contains a solar-powered charger for universal serial bus (USB) compatible devices including phones, cameras, and tablets as well as a server call-button and a beverage cooler and holders. The premium multi-purpose Loungenie product is a functional piece of furniture installed in VIP cabanas and exclusive indoor and outdoor lounge areas and premium seating. The Loungenie features a service call button, a lockable compartment for guest electronics and valuables, a USB solar panel charger as well as an ice bucket and beverage holders. The Loungenie also provides branding and customization opportunities. Each Loungenie can be equipped with a branded lift-lid, a branded safe door, and media wrap.
POOL - Pool Safe Inc
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