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
Ynvisible Interactive Inc. is a Canada-based manufacturer of printed e-paper displays. The Company is engaged in the development and sale of electrochromic displays (ECDs). Its printed e-paper displays provide solutions, such as digital signage, smart monitoring labels, authenticity and security, and retail labels and signage. It also offers electrochromic materials, inks, and systems and a mix of services, materials, and technology to brand owners developing smart objects and Internet of things (IoT) products. The Company’s services include roll-to-roll printed electronics services, prototype production, research and development (R&D) and solutions, and licensing. It offers its services for the entire process from R&D projects and the prototyping phase, to mass production of printed electrochromic displays and product solutions. The Company has operations in Europe and Canada. Its subsidiaries include YD Ynvisible, S.A., Ynvisible Production AB, and Ynvisible GmbH.
YNV - Ynvisible Interactive Inc
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