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
Prophecy International Holdings Limited is a designer and developer of business software. Through its two products, Snare and eMite, it serves the markets of Contact Centre Analytics and Cyber Security. Emite is a contact center analytics solution that combines advanced analytics, data correlation, key performance indicator management and threshold alerting into a single solution. eMite develops advanced real-time analytics and dashboard solutions. Emite provides actionable insights from both real-time and historical data. The Snare suite of security and compliance products range from small footprint, highly effective device and network logging and log-management tools through to advanced information technology (IT) infrastructure threat protection solution. Snare is also an event monitoring and analysis tool designed to address critical auditing and security requirements. It gathers and filters IT-event data for critical security monitoring, analysis, auditing and archiving.
PRO - Prophecy International Holdings Ltd
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