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
Airan Limited is an India-based company engaged in the business of information technology (IT) and IT-enabled services. The Company is a provider of consulting, technology, outsourcing and digital services and software, enabling clients to execute strategies for their digital transformation. It offers various IT-enabled services, including banking transaction processing services and document management services for telecommunication companies, Internet services provider, and payment banks, among others. Its cash management services include personalized pickup, centralized reporting and check truncation system (CTS) clearing. Its doorstep banking and pick-up services include branch pick-up services, ATM drop box clearance, personalized beat pick-up. Its other services include CTS clearing process, managing collection counters, records management, contact center services, back-office management, software development services, and document management services, among others.
AIRA - Airan Ltd
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