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
Cirrus Networks Holdings Limited is an Australia-based company that is engaged in the provision of information technology-managed services, professional services, and enterprise product sales. The Company offers various services, which include advisory services, integration services, and managed services. Its advisory service offers cloud adoption and enterprise application implementation plans; technical and enterprise architecture services; procurement strategy development services; program management services, and asset management services. Its integration services include design services, project management, solution planning, technology assessments, and others. Its managed services include end-to-end network design and implementation services encompassing WAN, LAN, security, wireless, and optimization. Its solutions include network and collaboration, hybrid platform, cloud, workspace, network security, and hybrid security.
CNW - Cirrus Networks Holdings Ltd
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