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
Mindpool Technologies Limited is an India-based company, which is engaged in providing technology consulting and digital solutions. The Company offers its services across a number of industry verticals with specialization in digital transformation, data & analytics, cloud, and artificial intelligence (AI) solutions. Its project services include mobile app development, Website development, e-commerce development, content management system (CMS) development, offshore development, information technology (IT) support and services, custom application development, digital marketing services, Microsoft consulting and ServiceNow consulting services. The Company has its development centers in Pune and Bangalore. The Company’s subsidiaries include Mindpool Technologies Inc. and S A Tech Software India Private Limited.
MINP - Mindpool Technologies Ltd
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