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
Cipherpoint Limited (Cipherpoint) is an Australia-based company, which provides cyber security services development and data security technology to the enterprise and government sectors. Cipherpoint, through its wholly owned subsidiaries, Brace168 Pty Limited (Brace168) and Virtual Information Technology Pty Limited (VITCS), is focused on providing managed cyber security services business. It provides information technology and cyber security solutions to a range of enterprise sectors and governments. Brace168 provides B Secure and B Protected products. B Secure products include Managed Firewall, Managed Anti-Virus (end point), Managed Anti-Virus (server), Managed Anti-Phishing, Managed Intrusion Detection and Managed Data Leak. B Protected products include Managed Single Sign On, Managed Web, Security Broker, and Hosted End User VPN (SSL VPN). VITCS provides a range of services, including Digital Forensics and Incident Response (DFIR), Identity Protection and Consulting services.
CPT - Cipherpoint Ltd
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