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
Arihant Institute Limited is an India based company, which is engaged in tutoring and coaching services. The Company is principally involved in providing higher, professional, and vocational education. It offers coaching for chartered accountant (CA), company secretary (CS), cost and works accountancy (CWA), association of chartered certified accountants (ACCA), and certified public accountant (CPA). It also provides coaching in the field of Gujarat Public Service Commission (GPSC) and Union Public Service Commission (UPSC) and other competitive exams.
ARIA - Arihant Institute Ltd
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