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
Ambow Education Holding Ltd. is engaged in providing educational software and hardware systems that enables hybrid online and offline learning. The Company’s HybriU platform is a cloud-based learning engine allows colleges and universities to accommodate their students’ individual learning preferences. Its HybriU platform also enables institutions to provide online classes, instant artificial intelligence (AI) translation, and simultaneous content creation. The Company offers career-oriented post-secondary educational services to undergraduates through the New School of Architecture & Design in San Diego. Its HybriU covers large, top-tier United States universities, as well as smaller, regional colleges that offer career-oriented programs in fields such as healthcare and software coding.
AMBO - Ambow Education Holding Ltd
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