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
Planet Ventures Inc. is a Canada-based investment company. The principal business of the Company is investing in a portfolio of common shares and other securities of public and private companies to achieve capital appreciation of the portfolio. The Company’s platforms include First XI. Cucu and Tier 1 Betting License. First XI is an eSports platform that brings creators, athletes, influencers, and gamers into one environment. Cucu is a social-media publishing platform with over 500 athletes and celebrities. Tier 1 Betting License is a United Kingdom gaming license that allows for live events, sports, pre-match betting, gaming software, pool betting, and B2B capabilities.
PXI - Planet Ventures Inc
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