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
HCL Infosystems Limited is an India-based IT system integration and solutions company. The Company is primarily engaged in value-added distribution of technology, mobility and consumer electronic products. Its segments include Hardware Products and Solution, distribution, and Learning. The Hardware Products and Solution segment comprises of sale of IT products and solutions to enterprise and government customers. The distribution segment consists of the distribution of consumer products, which include telecommunication, digital lifestyle products and consumer electronic and home appliances, and enterprise products, which include IT products, enterprise software and office automation products. The Learning segment includes rendering training services, sale of educational digital content and related hardware offerings for private schools, colleges and other education institutes and vocational training.
HCLI - HCL Infosystems Ltd
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