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
Wi2Wi Corporation is a global designer, integrator, and manufacturer of wireless technology solutions for a range of global markets. The Company designs, manufactures, and markets integrated, end-to-end wireless connectivity solutions as well as customizable, high-performance timing and frequency control devices. It provides real-time technical support throughout the entire product life cycle for customers across the Internet of Things (IoT), Industrial Internet of Things (IIoT), avionics, space, industrial, medical, and government sectors. The Company’s product suite includes wireless connectivity solutions, frequency control products, as well as radio frequency (RF) and microwave filters for avionics; space; military; defense; government; infrastructure; industrial; automotive; medical; communications; mobile radio; IoT; personal navigation devices and premium consumer applications. It enables customers to reduce their wireless research and development expenses and time to market.
YTY - Wi2wi Corp
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