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
VIP Entertainment Technologies Inc. is a Canada-based entertainment gaming company. The Company is engaged in the identification of potential acquisition targets, and strategic partnerships to help it grow while expanding on its current offerings in the iGaming industry. It delivers sports betting, casino games and poker through its VIP Bets platform. In addition, it has launched its Free to Play platform, VIPFree2Play. VIPFree2Play is a site offering products and tools for users globally with the purpose of building its player database for its eventual launch in additional jurisdictions.
VIP - VIP Entertainment Technologies Inc
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