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
Zonetail Inc. is a Canada-based company, which operates a mobile platform and market network. The Company provides a mobile platform that enables high-rise residents to manage their homes by connecting people to products, amenities, and services. The Zonetail platform addresses the needs of the population of residents of multi-family residential buildings, planned communities, condominium communities, and housing cooperatives. Its Zonetail application provides multiple services, including payment and financial transaction processing, and it is a self-contained commerce and communication online platform. The Company is integrated with Yardi, a property management software company (PMC) and Shiftsuite, a condominium property management software company in Canada, and MRI Software.
ZONE - Zonetail Inc
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