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
GBS Software AG, also known as Group Business Software AG, is a Germany-based provider of soultions and services in the areas of messaging security for the IBM and Microsoft collaboration platforms. The Company offers its solutions in the fields of Cloud Computing, e-mail management and archiving, instant messaging, customer relationship manageement (CRM), corporate compliance, workflow and automation. Furthermore, its services include application development, general support, as well as training and mentoring, providing webinars and workshop. It operates through GROUP Business Software Europe GmbH, Group Business Software Corp and GBS Sofrware Ltd and is present in North America, Europe and Asia.
INWk - GBS Software AG
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