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
Safa Systems & Technologies Limited is an India-based company engaged in the business of distributorship of consumer durable products, such as mobile phones, mobile phone accessories, tablets, smart TVs, home appliances and wearables. The Company offers various products under the brands, such as XIAOMI, OPPO, TECNO Mobile, Micromax, VIVO, Motorola, LG and One Plus. The range of products which the Company deals include telecommunication devices, accessories, light emitting diodes (LED) televisions, tablets, Internet of things (IoT) products, and home appliances. The Company is also the distributor of electronic products and accessories in Kerala. It is also focused on diversifying the business into information technology (IT) enabled services, software development and technology-related services.
SAFS - Safa Systems & Technologies Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.