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
Volatus Aerospace Corp. is a provider of integrated drone solutions throughout North America and Latin America and globally. It serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as research and development (R&D), design, and manufacturing. Through its subsidiary, Volatus Aviation, the Company are introducing green and drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Its professional pilot network of approximately 1,200 certified contract pilots stretches across North America, providing coast-to-coast drone products for existing industries and new use cases. Its services include construction and engineering; infrastructure and telecom; property development and maintenance; environmental forestry wildlife conservation; municipal operations, survey, landfill and gravel, and more.
VOL - Volatus Aerospace Corp
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