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
MarketAxess Holdings Inc. is engaged in operating electronic platforms for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. It provides Open Trading marketplace, which offers an all-to-all trading solution in the global credit markets, creating a liquidity pool for a range of credit market participants. It is involved in drawing on a diverse set of trading protocols, including request-for-quote, live order books, sessions-based trading, and portfolio trading solutions, as well as its deep data and analytical resources. It provides integrated and actionable data offerings, including Composite+ and Axess All real time pricing to assist clients with trading decisions and transaction cost analysis. It also provides a quantitative trading technology specializing in algorithmic and analytical services. It offers a range of post-trade services, including straight-through processing, trade matching, and trade publication.
MKTX - Marketaxess Holdings Inc
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