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
Humming Bird Education Limited is an India-based holding company. The Company is primarily engaged in the business of conducting Olympiads exams and selling booklets for preparation of such exams. Its examinations use a multifaceted approach in judging students on their knowledge of the subjects, as well as on enhancing their factual, conceptual, reasoning, logical, analytical and problem-solving skills. The Company covers intelligence quotient (IQ), emotional quotient (EQ), spiritual quotient (SQ), creativity quotient (CQ), adversity quotient (AQ), financial quotient (FQ) and happiness quotient (HQ). The students are also provided with an Olympiad quotient (OQ) on behalf of their performance in the Olympiads, which access to admissions in private colleges/ universities and even private jobs. It provides live classes in two categories, including one-on-one sessions and group sessions. Its subsidiaries include SIBIL Education Private Limited and Onmouseclick.com Private Limited.
HUMM - Humming Bird Education Ltd
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