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
Softchoice Corporation is a Canada-based software-focused information technology (IT) solutions provider. The Company designs, procures, implements, and manages complex multi-vendor IT solutions. Its solutions include Cloud and Data Center, Collaboration and Digital Workplace, IT Asset Management, Network, and Security. Its Cloud and Data Center solutions include data center modernization; cloud migration, adoption and management; and application modernization. It helps organizations manage their IT assets, including software asset management (SAM) managed services for software used on-premises or in the cloud in line with IT asset management best practices. It offers a range of IT lifecycle services, professional services, and managed services. Its services include cloud migration services, cloud readiness review, cloud managed services, security technology review, and digital workplace solutions. Its subsidiaries include Softchoice LP, Softchoice EmployeeCo Inc., and others.
SFTC - Softchoice Corp
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