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
Ctac NV is an information and communications technology (ICT) solutions provider based in the Netherlands. The Company is engaged in the development, implementation and maintenance of industry-specific solutions, primarily based on software provided by SAP and Microsoft. Its service portfolio includes business consulting, managed services, software development, mobility, in-memory computing and cloud. The Company’s activities are divided into four clusters: Ctac Consulting, comprising all SAP-related activities for industries and cross-industry solutions; Ctac Microsoft, comprising activities in the area of Microsoft Dynamics and Yellow & Red; Ctac Managed Services, offering cloud services, such as management, hosting and system optimization; and Other, including Persity’s secondment services. It dedicates its offer to clients in such market segments as consumer products, logistics, wholesale, manufacturing, real estate, retail, leisure and hospitality, charity, and utilities.
CTAN - Ctac NV
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