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
Verb Technology Company, Inc. is a software-as-a-service (SaaS) applications platform developer. Its SaaS platform for the direct sales industry is comprised of a suite of video-based sales enablement business software products marketed on a subscription basis. Available in both mobile and desktop versions, verbCRM is a fully integrated application modules that include, verbLEARN, its gamified learning management system application. Its verbLIVE is a live stream e-commerce application. Its verbPULSE is business/augmented intelligence notification and sales coach application. Its verbTEAMS is a standalone, self-onboarding, video-based CRM and content management application for life sciences companies, professional sports teams, small businesses, and solopreneurs, with one-button synchronization with Salesforce, that also comes bundled with verbLIVE. Its MARKET.live is a multi-vendor, multi-presenter, livestream social shopping platform, that combines e-commerce and entertainment.
VERB - Verb Technology Company Inc
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