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
DZS Inc. is a global provider of access and optical networking infrastructure and cloud software solutions. The Company provides an array of networking technologies and software to a diverse customer base. The Company’s solutions and platforms portfolio include products in Access Edge, Subscriber Edge, Optical Edge, and Cloud Software. Its DZS Velocity portfolio offers a variety of solutions for carriers and service providers to connect residential and business customers, either using fiber or leveraging its existing deployed copper networks to offer broadband services to customer premises. Its DZS Helix connected premises product portfolio offers a collection of optical network terminals (ONTs) and smart gateway solutions. Its DZS Chronos and DZS Saber portfolios provide a robust solution for mobile operators and service providers that enable them to upgrade their mobile fronthaul/midhaul/backhaul (xHaul) systems and migrate to fifth generation wireless technologies (5G).
DZSI - DZS Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.