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
Personas Social Incorporated is a Canada-based company engaged in offering social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. The Company focuses on providing social commerce enabled products which allow for a monetizable user experience to all users, consumers and businesses alike. It offers Web-based products, including mobile applications with enterprise grade global ecommerce infrastructure, including multi-currency, multi-lingual and turnkey mobile commerce suites for users. The Company has developed six main social media applications (apps) for its platform, namely Peeks Social, Personas and WADSPro, as well as a number of services which vary within each social media app. The Peeks Social Platform is a robust live streaming, mobile enabled social commerce platform that provides broadcasters and content creators with a variety of proprietary content monetization services.
PRSN - Personas Social Inc
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