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
Credit Clear Limited is a technology and debt collection provider. The principal activities of the Company and its subsidiaries include the provision of receivable collection services and technology development and the implementation of the Company’s receivable management platform. The Company also provides commercial legal services as part of its full end to end collections management service. Its Receivable Collections segment represents the provision of receivable collection services using a combination of technology solutions and traditional collection methods. Its Legal Services segment provides specialized credit legal services which, when combined with the Receivables Collections business, allows the Company to provide a full-service end to end offering for its clients. Its RepayTech technology allows customers to make re-payments through a variety of channels and with re-payment options. It serves various industries, such as transport, financial services, and others.
CCR - Credit Clear Ltd
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