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
Saudi Networkers Services Co is a Saudi Arabia-based entity which is primarily engaged in providing business process outsourcing services and other management consulting services. The Company’s services include managed service provision (MSP) program, organizational consulting services and provides solutions for business needs across all Information technology domains e.g., infrastructure, development, storage, architecture, networks, cloud and security. It provides consulting services for utilities, cyber security and modern banking industry.
9543 - Saudi Networkers Services Co
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