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
Bright Scholar Education Holdings Limited a global education service provider operating K-12 schools and complementary education services in China and overseas. The Company’s business includes domestic K-12 schools, overseas schools and complementary education services. The Company’s schools for domestic K-12 education services consist of international schools, bilingual schools and kindergartens. The Company is dedicated to providing quality international education to Chinese students and equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education overseas. The Company also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China.
BEDU - Bright Scholar Education Holdings Ltd
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