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
Weebit Nano Ltd is an Australia-based developer of advanced semiconductor memory technology. The Company is engaged in the development of non-volatile memory using a Resistive RAM (ReRAM) technology based on fabrication factory (fab) friendly materials. ReRAM technology provides higher performance and lower power memory solutions in a range of new electronic products, such as Internet of things (IoT) devices, smartphones, robotics, autonomous vehicles, fifth generation (5G) communications and artificial intelligence. The Company’s demo chips, designed as a system on a chip (SoC), provides customers with physical samples of ReRAM memory technology within operational chips. Its demo chips also enable its customer to begin incorporating its memory technology within their product designs.
WBT - Weebit Nano Ltd
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