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
Visionstate Corp. is a Canada-based growth-oriented company that invests in the research and development of new technology in the realm of the Internet of Things (IoT), big data and analytics, and sustainability. The Company has two divisions which are wholly owned subsidiaries, such as Visionstate IoT Inc. and Next Vision IoT Inc. Visionstate IoT Inc. is focused on IoT applications for the cleaning and hygiene sector. Visionstate IoT technology is used to track cleaning activities, supplies, and compliance in publicly accessible facilities, such as shopping centers, hospitals, airports, casinos, office buildings and recreation centers. Its WANDA product is a real-time, connected technology to track supply inventories, manage workforce, monitor foot traffic, improve hygiene and user confidence. Its WANDA product act as a tool in the battle against COVID-19 and other diseases by providing facility managers with front line data on cleaning activities.
VIS - Visionstate Corp
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