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
Adacel Technologies Limited is an Australia-based company that provides air traffic management solutions and air traffic control simulation and training systems and services. The Company operates through two segments: Systems and Services. The Systems segment includes the sales of integrated software systems and products covering operational air traffic management as well as simulation and training applications. This segment also includes hardware and software sales. The Services segment is engaged in providing software maintenance and all aspects of system support, field services, and on-site technical services. Its customers include international air navigation service providers (ANSPs), military, defense and security organizations, universities, and airport authorities. Its REVAL virtual Air Traffic Control (ATC) tower system delivers a range of digital tower operational solutions, from consulting services to system design, development, deployment, and support.
ADA - Adacel Technologies Ltd
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