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
Titan Logix Corp. is a Canada-based technology company specializing in mobile liquid measurement solutions. It has designed and manufactured mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquid transportation. Its TD Series of tank level monitors are in mobile fluid measurement. Its solutions are designed for hazardous and non-hazardous applications, and it serves customers in a range of applications, including petroleum, environmental solutions, chemicals, and agriculture. It delivers its mobile tanker solutions to the market through partnerships with original equipment manufacturers, dealers, and private fleets across Canada, the United States, and Mexico. It serves the petroleum, chemical, and water markets with the TD100 series of mobile gauges, offering fleet operators accurate level measurement, reliable overfill protection, and a variety of automation, integration, and control capabilities for their tanker truck operations.
TLA - Titan Logix Corp
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