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
Tribe Property Technologies Inc. is a property technology company. The Company’s service-technology delivery model serves the needs of stakeholders than traditional service providers. It works together with owners, residents, councils/boards, real estate developers and vendors to understand the community from pre-construction to post-occupancy. The Company offers a technology-enabled management services model for both condominium/strata management and rental management. The Company provides access to records and documents, communication tools, online payment options, bookable amenities, and a ticketing system for residents to notify their developer or management of issues, warranty concerns and deficiencies. The Company’s products and services include management services, community platform, developer tools and landlord tools. Its platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.
TRBE - Tribe Property Technologies Inc
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