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
The Descartes Systems Group Inc. is primarily focused on logistics and supply chain management business processes. It is engaged in providing on-demand, software-as-a-service (SaaS) solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. The Company allows customers to use its modular, SaaS solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete other logistics processes by participating in the multimodal logistics community. The Company’s solutions are cloud-based and consist of B2B service connectivity and messaging, broker and forwarder enterprise systems, global trade intelligence, customs and regulatory compliance, e-commerce shipping, transportation management and routing.
DSGX - Descartes Systems Group Inc
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