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
Getalong Enterprise Limited is an India-based company that provides tax solutions and allied services. The Company’s services include tax advisory, management consultancy, tax compliance, legal services, business formation, accounting services, financial services, and allied services. The Company operates under four segments, which includes exports, bullion, female care, and consultancy. Its allied services include udyam Aadhar application, IEC application, IEC updation, export/ import documentation, generation of export license (ROSCTL/ RODTEP), formation of digital signature, and trademark registrations. Its financial services include project financing, assisting in bank/ financial institutional borrowings, and consultancy for raising funds through equity/ debt. Its legal services include preparation of will, preparation of gift deed, preparation of HUF deed, leave and license agreement, and business purchase agreement.
GETA - Getalong Enterprise Ltd
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