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
Jahez International Company for Information System Technology SCJSC is a Saudi Arabia-based company that provides Information Technology (IT)services. The Company’s IT services include network extensions, E-commerce, sales of wired and wireless equipment and devices, systems analysis, design and programming of special software, software maintenance and webpage design. The Company is also engaged in wholesale and retail trade and repair of motor vehicles and motorcycles, transport and storage, provision of accommodation and food services, information and communication, and administrative and support services.
9526 - Jahez International Company for Information Systems Technology SCJSC
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