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
NamSys Inc. is a Canada-based company that offers software solutions for currency management and processing for the banking and merchant industries principally in North America. The Company offers Cirreon and Currency Controller software subscriptions and hosted services, upgrading license holder’s systems, training, consulting and maintenance and product support of legacy systems. The Company’s solutions include smart safe monitoring, cash-in-transit logistics, cash vault management, deposit tracking and online change orders. Its Cirreon smart safe is an open, cloud-based digital platform, which helps banks and armored carriers streamline cash management and bridge the daily credit gap for their customers. Its Cirreon cash-in-transit logistics lets to map out the logistics of armored carrier’s activity in an electronic process. It provides Cirreon Banking to track deposits in detail with simple interfaces, comprehensive reporting and complete visibility.
CTZ - NamSys Inc
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