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
Sankhya Infotech Limited is an India-based company, which provides simulation and training solutions. The Company operates through two segments Defense and Non-Defense. It offers products, such as SILICON suite, IRMAO and Sakai Collaborative Learning Environment (CLE). SILICON suite is an enterprise training platform that covers the entire spectrum of training in a paperless environment. SILICON Suite includes SILICON Training Management Information System (TMIS), SILICON Learning Management System (LMS), SILICON QT (Online Assessment System), and SILICON Learning Content Management System (LCMS). IRMAO is an integrated resource planning, management tracking system. Sakai CLE provides a range of features under categories, such as course management, assessment and grade book, collaboration, enterprise integration and scalability.
SANK - Sankhya Infotech Ltd
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