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
China Liberal Education Holdings Ltd is a holding company provides educational service. The Company operates four segments. Sino-foreign Jointly Managed Academic Programs segment offers all levels of education, like undergraduate, postgraduate and senior secondary education. It provides languages, liberal arts and business courses. Textbooks and Course Material Sales segment is engaged in the development and sales of English textbooks and course materials. Overseas Study Consulting Services segment provides school information, language training, test preparation courses, visa applications’ preparation and overseas extended services such as finding accommodation and travel assistance. Technological Consulting Services for Smart Campus Solutions segment provides consulting services include school management software customization, smart devices installation and testing and school management data collection and analysis. The Company mainly conducts its businesses in the China market.
CLEU - China Liberal Education Holdings Ltd
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