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
VerifyMe, Inc. is a software-driven logistics provider of end-to-end logistics management solutions. The Company operates through two segments: PeriShip Global Solutions and VerifyMe Solutions. The PeriShip Global Solutions segment provides a value-added service for time and temperature-sensitive parcel management driven by a software platform that provides predictive analytics from metrics, such as flight-tracking, weather, and traffic, all delivered to customers via a secure portal. The VerifyMe Solutions segment provides unit level traceability, brand protection, unit level traceability and consumer engagement solutions, allowing brand owners to gather business intelligence, cross-sell products, monitor product diversion through the supply chain and build brand loyalty. It provides real-time information and analysis to mitigate supply chain flow interruption, delivering last-mile resolution for key markets, including the perishable healthcare and food industries.
VRME - VerifyMe 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.