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
Redington Limited is an India-based technology solution provider company. The Company is engaged in the business of distribution of information technology, mobility, and other technology products besides supply chain solutions. The Company provides information technology solutions across cloud, technology, digital printing, and solar. Further, it is engaged in offering technology services, logistics services, business process solutions, and financial services. The principal activity of the Company is wholesale distribution of machinery, equipment, and supplies (Wholesale of computers, computer peripheral equipment, software, electronic and telecommunications equipment and parts). Its solution offerings include hyperconverged infrastructure, enterprise storage, storage visualization, fault tolerant solutions, and software-defined storage. It has a footprint in approximately 38 markets with over 290 international brand associations. The Company operates approximately 70 sales locations.
REDI - Redington Ltd
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