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
ICICI Securities Limited is an integrated technology-based securities company. The Company offers a range of services, including retail and institutional broking, financial products distribution, private wealth management, and issuer and advisory services. The Company’s segments include Treasury, Broking & distribution and Issuer services & advisory. Its Treasury segment includes income from treasury and investment. Its Broking & distribution segment includes broking and other related activities; distribution of third-party products, such as mutual fund, life insurance and others, and sales credit for referred business and interest earned on its funds used in brokerage business. Its Issuer services & advisory segment includes financial advisory services, such as equity-debt issue management services, merger and acquisition advice, and other related activities. The Company’s subsidiaries include ICICI Securities, Inc. and ICICI Securities Holdings, Inc.
ICCI - ICICI Securities Ltd
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