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
BSE Limited is an India-based stock exchange company. The Company provides a transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. The Company operates through Facilitating Trading in Securities and other related ancillary Services segments. It also has a platform for trading in equities of small and medium enterprises (SMEs). It also provides a host of other services to capital market participants, including risk management, clearing, settlement, market data services and education. Its systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments. Its Direct is a Web based platform for Individual Investors to participate in Government Security (G-Sec) and Treasury Bill (T-Bill) issued by the Government of India.
BSEL - BSE Ltd
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