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
Wellfield Technologies, Inc. is a fintech company that operates on public blockchains including Bitcoin and Ethereum. The Company is engaged in building blockchain-based fintech solutions. Its division includes Coinmama and Wellfield Capital, which are focused on providing individuals and institutions with the infrastructure, products, and services. Coinmama is a full consumer solution for day-to-day financial needs covering payments, money transfer (p2p), saving, investing, and borrowing. It provides direct access to blockchain-enabled services without the need for cryptocurrency exchanges or centralized custody. Its Wellfield Capital provides institutional and professional investors with a dashboard to interact with blockchain solutions. Its technologies remove institutional reliance on custodial platforms and enable institutions to safely execute in chain. It also operates a digital precious metals platform for digitizing the trading, settlement, and ownership of precious metals.
WFLD - Wellfield Technologies Inc
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