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
Xybion Digital Inc. is a software as a service company, which digitizes drug research and development, laboratory testing, regulatory approvals, and pharmaceutical manufacturing on a cloud platform. It offers solution through Pristima XD, Labwise XD, Xybion QMS, Emidence XD, and ECM XD. Its solutions focus on employee health and safety, integrated preclinical lab management, early-stage drug discovery, digital lab solutions, regulatory compliance, quality management, predictive compliance, content management, and systems validation. The Company help its customers with cloud-enabled Laboratory Information Management System (LIMS) software with embedded document management, data management, compliance, and safety modules. It serves industries, such as life sciences, healthcare and insurance, safety and workers comp, transportation, financial services, food and beverage, manufacturing, petrochemicals, radio pharmacy, biobanking, veterinary sciences, and materials and mining, among others.
XYBN - Xybion Digital Inc
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