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
Southern Infosys Limited (SIL) is an India-based Software company. The Company is engaged in dealing in software and hardware. The Company’s sales and services include various software used in creating integrated circuit, power system analysis, communication system, trainer kit, operating systems, circuit simulator, Advanced RISC (Reduced Instruction Set Computer) Machine (ARM) software, CYMIDIST software, enterprise resource planning (ERP) solutions, Websites, notebooks, sun blades, servers and hard disks. The services also include power network planning, server maintenance and other such applications.
SOUE - Southern Infosys Ltd
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