Salaams @saad @Joe
Out of curiosity how often do you update the shariah compliance? Is it done on a quarterly basis or only year end?
I have some investments in Vinco Ventures ($BBIG), and it is considered as shariah compliant. However, they recently acquired a Tiktok like app called Lomotif. They have a subsidiary company calledy Emmersive Entertainment that focuses on NFTs, and recently started to use the Lomotif app to promote music albums of artist - new source of revenue for them. But unlikely to be updated very soon? So was curious how Zoya goes about this?
I plan to hold my shares, unless the shariah compliance change.
On another note, Vinco Ventures plan to spin out the Emmersive subsidiary as a public company, would I be right to assume that would be non compliant? I will get a share in that company if I hold to my Vinco ventures shares.
Within how many days should I sell the shares if zoya considers that to be non permissible? As I believe Zoya don’t offer ipo compliance?
I think Zoya updates quarterly. Every time the company reports earnings, Zoya should update within a week or two. Not 100% sure.
These tiny companies are quite confusing and it’s hard to find all the info for them.