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
Wrap Technologies, Inc. is a global public safety technology and services company that delivers modern policing solutions to law enforcement and security personnel. The Company’s products, services and solutions include BolaWrap Remote Restraint Device and Wrap Reality. The BolaWrap Remote Restraint Device is a hand-held remote restraint device that discharges a seven and a half-foot Kevlar tether to wrap an individual at a range of 10-25 feet. BolaWrap assists law enforcement to detain individuals without the need for pain compliance and higher uses of-force. The Wrap Reality is a virtual reality training system employing immersive computer graphics with proprietary software-enabled content. It allows up to two participants to enter a simulated training environment simultaneously with customized weapon controllers that enable trainees to engage in strategic decision making along including non-use-of-force and verbal training. The Company ships its restraint products to 59 countries.
WRAP - Wrap Technologies Inc
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