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
Golden Crest Education & Services Ltd is an India-based company, which is engaged in business of Education, Consultancy and, other allied services. The Company provides various consulting services, such as operations advisory, strategy advisory, human resource advisory, educational advisory to the educational institutes for establishment, development, promotion e-learning, e- business, online education, technical and non-technical center, and other allied services of education. It also provides agent for establishment of corporate management, business management, project management, secretarial management and services, legal advisors, and equity research
GOLR - Golden Crest Education & Services Ltd
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