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
DJS Stock and Shares Limited is an India-based company, which is engaged in share broking activities, trading and investment in equities. The Company offers services, including securities broking, derivatives broking and depository services. The Company focused on brokerage services including equity and debt broking for institutional, high net worth individuals (HNI) and retail clients. It is also focused on developing a network of its branches and franchisees throughout India. The Company is seeking to raise funds on a short-term basis from banking or other private financial institutions.
DSS - DJS Stock and Shares Ltd
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