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
Treasure Global Inc. is a holding company, which is engaged in developing technology platforms. The Company has created an online-to-offline (O2O) e-commerce platform business model offering consumers and merchants instant rebates and affiliate cashback programs, while providing an e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. It operates through its subsidiaries, namely ZCity Sdn. Bhd. (ZCITY); AY Food Ventures Sdn Bhd; Morgan Global Sdn. Bhd, and Foodlink Global Sdn Bhd. ZCity Sdn. Bhd. owns all intellectual property rights to copyrightable, patentable, and other protectable intangible assets relating to its business, including trademarks. Its proprietary product is an Internet application (or App) branded ZCITY App, which is developed through its wholly owned subsidiary, ZCITY. The ZCITY App targets consumers through the provision of personalized deals based on consumers purchase history, location, and preferences.
TGL - Treasure Global Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.