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
LCC Infotech Limited is an India-based skills and talent development company. The Company is engaged in building skilled human capital and in enhancing workforce talent across the country. It offers training and development solutions to individuals, enterprises and institutions. The Company offers various State and central government sponsored placement linked training programs across West Bengal, Bihar, Jharkhand, Odisha and Uttar Pradesh. The courses/ trades covered in the projects include computer operations and office automation, desktop publishing, hardware-networking, Web designing, java programming, accounting, tally, soft skills based on MES syllabus and guidelines. Its competitive courses include LCC Carrio WBCS, LCC Carrio Pro, LCC Smart, LCC Cram (Banking Course), RAIL/ GR-C,D (Non-Technical) and LCC Smart Com. Its subsidiary is eLCC Info.Com Limited.
LCCI - LCC Infotech Ltd
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