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
Information Services Corporation is a Canada-based company, which is a provider of registry and information management services for public data and records. The Company operates through three segments: Registry Operations, Services and Technology Solutions. The Registry Operations segment delivers registry services on behalf of governments and private sector organizations. Services segment delivers products and services that utilize public records and data to provide services to customers in the legal and financial sectors. Technology Solutions Development segment delivers and supports registry and technology solutions. Its asset recovery comprises identification, retrieval, and disposal of movable assets, such as automobiles, aircraft, and other forms of portable physical assets used as collateral security for primarily consumer focused credit transactions. Its subsidiaries include ISC Saskatchewan Inc., ISC Enterprises Inc., Regulis S.A., and Enterprise Registry Solutions Limited.
ISV - Information Services Corp
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.