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
CPT Global Limited is an Australia-based company that is engaged in the provision of specialist information technology (IT) consultancy services. The Company’s segments include Australia, Europe and North America. Its Australia segment offers transformation and modernization services, program governance and assurance services, quality assurance services, mainframe and midrange optimization and cost reduction services, and capacity management services. Its Europe segment offers mainframe and midrange performance and technical support services. Its North America segment offers mainframe and midrange performance; management, functional and automation testing; technical support services; cost reduction, and capacity planning. Its transformation services include strategic advisory, DevOps and release automation, customer experience, architecture and roadmapping, robotic process automation (RPA) and workforce efficiency. It delivers outcomes and engagements for clients across 35 countries.
CGO - CPT Global Ltd
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