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
Universal PropTech Inc. is a Canada-based company, which selects, integrates, deploys, and maintains proptech technologies aiming to deliver customer-centric building solutions and services. The Company operates through its subsidiary, VCI Controls Inc. (VCI), a supplier and integrator of PropTech healthy building solutions and services. VCI is engaged in the acquisition and deployment of intelligent building technology, including the integration of all building systems utilizing the communications technologies and standards. VCI’s service offering is focused on delivering solutions in digital controls, mechanical services, performance monitoring, and energy efficiency solutions. VCI’s building control solutions are also used in federal government facilities. The Company also provides holistic evidence-driven solutions and services for building developers, owners, and operators in Canada.
UPI - Universal PropTech Inc
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