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
Inventis Limited is an Australia-based diversified company that is engaged in the manufacture and sale of commercial furniture, electronic controllers and computers. Its divisions include the Furniture division and the Technology division. The Furniture division is engaged in the design, manufacture and sale of a range of commercial furniture, which includes office chairs, tables, lounges, and workstations. The Technology division is engaged in the design and manufacture of custom control and market-ready electronic systems, mobile computing solutions and emergency vehicle control systems. The Rugged solutions division consists of Opentec, which is an original rugged computer specialist. The Rugged solutions division offers from semi-rugged to fully rugged solutions for general purpose and field-based applications to military rugged models for defense roles. The Company’s subsidiaries include Gregory Commercial Furniture Pty Limited and Inventis Technology Pty Limited.
IVT - Inventis Ltd
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.