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
Casa Systems, Inc. is a global communications technology company. The Company offers physical, virtual and cloud-native fifth-generation broadband and customer-premise networking equipment solutions for public and private data and multi-service communications networks. The Company’s multi-service broadband Axyom platform is a Web-scale solution based on a distributed micro-service framework. The Axyom Software platform includes its virtual software workloads and the software that manages those micro-services. The Axyom software architecture includes virtual network functions (VNFs), for all communications service providers mobile, fixed, cable and converged. The Company offers end-to-end cloud-native, virtual, physical and distributed infrastructure and customer-premise network solutions that enable its customers to provide fixed and wireless broadband services to consumers and enterprises. Its solution includes wireless, cable, fixed-line broadband and machine-to-machine.
CASA - Casa Systems Inc
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