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
Cat Technologies Limited is an India-based company engaged in the business of medical, transcription, training, software development and consulting services. Its services include application development, information technology (IT) infrastructure, open-source development, IT staffing, three-dimensional (3D) animation, and others. Its application development includes .NET development, SharePoint development, Delphi development, PHP development, Dont Net Nuke development, VB and ASP development, WebSphere development and others. Its IT infrastructure includes infrastructure management services, virtualization services, end user management, and IT outsourcing and offshoring. Its open-source development Vtiger CRM Development, Civi CRM Development, XRMS development and Tine 2.0 development. Its main focus is to provide big data solutions enabled with deep business domain expertise to reach the business needs. It offers big data software services, big data convergence services, and others.
CATT - Cat Technologies Ltd
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