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
Siddharth Education Services Limited is an India-based company. The Company is engaged in the business activity of teaching and providing master’s degree-based education. The Company operates through performance in the education segment. It is focused on providing tutorial coaching services for students of professional courses. It is providing tutorial services to Company Secretary (C.S.), Chartered Accountancy (C.A.), and Cost and Management Accountancy (C.M.A.). The tutorial services are provided through classroom training programs conducted through a network of Company operated centers. It offers test-series courses that have been systematically designed to provide effective and efficient education to students in a simple and lucid manner. The Company’s subsidiary is Kumjai Farms Limited. The Company is also engaged in farming activities to create awareness among farmers and enhance productivity.
SIDR - Siddharth Education Services Ltd
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