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
EML Payments Limited is an Australia-based company, which provides a payment solutions platform. The Company offers program management and payments expertise to create customizable solutions for businesses, brands and their customers. The Company operates through three segments: General Purpose Reloadable (GPR), Gift & Incentive (G&I), and Digital Payments (DP). GPR segment products provide reloadable cards to a variety of industries, including, Government, Salary Packaging, Gaming and Digital Banking. This segment also provides a full-service offering, including issuance, processing and program management. Its G&I segment products provide single load gift cards for shopping malls and incentive programs across the world. Its DP segment products provide payment options for consumers. Industries include Open Banking, Buy-Now Pay-Later providers and Bill payment providers. The Company’s products include Card Payments, Open Banking, Digital Account Payments and Seamless.
EML - EML Payments Ltd
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