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
Naseej for Technology Co. formerly The Arab Advanced Systems Company, is a Saudi Arabia-based primarily engaged in providing solutions and services enabling digital transformation in the management of learning and knowledge assets. Augmented virtual reality, big data technologies, data science and analysis, information technology service activities, sale of computers, computer peripherals and software. The company operates in following segments; the Knowledge Asset Management Solutions Unit, the Education Solutions Unit, and the Electronic Solutions Unit. The Company’s subsidiaries include the Textile Retail Company for Computers and the Advanced Arab Systems Company.
9538 - Naseej for Technology Company SJSC
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