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
SportsHero Limited is an Australia-based company, which is engaged in the development of sports gamification platforms. The Company has developed a white label digital solution, namely SportsHero. SportsHero offers digital solutions across multiple sports to sporting groups and other partners globally. Its digital solution is utilized in the latest advancements in deep learning to predict the outcomes of esports competitions prior to the match, as well as during live competition. SportsHero operates in Indonesia. It has developed and owns Olahbola, the Indonesian local market version of SportsHero’s platform. Olahbola provides fanatical football fans with the opportunity to predict outcomes, compete with other users and climb the leaderboard and win prizes, including money cannot buy experiences, merchandise and entertainment products.
SHO - SportsHero Ltd
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