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
Central Depository Services (India) Limited is an India-based company, which is engaged in providing depository services, data processing services, and others. The Company operates through three segments: Depository Segment, Data Entry and Storage, and Repository. Depository Segment includes providing various services to the investors like dematerialization, rematerialization, holding, transfer and pledge of securities in electronic form and providing e-voting services to companies. Data Entry and Storage segment relates to Centralized record keeping of Know your Customer (KYC) documents of capital market investors. Repository segment provides policyholders/warehouse receipts holder a facility to keep insurance policies/ warehouse receipts in electronic form and to undertake changes, modifications and revisions in the policy/receipt. It also offers e-Locker, Myeasi Mobile App, M-Voting, e-Voting, SMART, and electronic access to securities information & execution of secure transactions.
CENA - Central Depository Services (India) Ltd
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